Western Europe

UKGC: Entain to pay £17 million for regulatory failures

 The HALLO ECHO
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  A gambling business is to pay £17 million for social responsibility and anti-money laundering failures at its online and land-based businesses. Entain Group will pay £14 million for failures at its online business LC International Limited which runs 13 websites including ladbrokes .com, coral.co.uk and foxybingo .com. It will also pay £3 million for failures…

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Regulatory expert warns operators that Gambling Commission is increasing number of compliance inspections

 The HALLO ECHO
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  Richard Bradley of Poppleston Allen, says firm are noticing an increase in enquiries relating to potential compliance failings  Richard Bradley, Partner and gambling industry compliance expert at Poppleston Allen said: “Our advice to operators, over and above the obvious reminder to regularly review compliance processes meticulously, with a particular focus on monitoring customer accounts…

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Spinomenal secures B2B UKGC licence

 The HALLO ECHO
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  Spinomenal, the leading iGaming content provider, has secured its B2B licence from the UKGC to open further opportunities within one of the world’s premium markets. Spinomenal’s rich roster of slot games is now readily available for UK operators, which includes Lucky Jack – Lost Jungle, Wolf Fang, Demi Gods III as well as the…

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Smarkets Fined £630,000 for AML and Social Responsibility Failings

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has handed a £630,000 fine to betting exchange Smarkets after identifying a series of anti-money laundering and social responsibility failings, including letting a player deposit a six-figure sum without appropriate checks. According to UKGC, Smarkets allowed customers to gamble without carrying out sufficient source-of-funds checks, while the operator was…

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IBAS Unveils New Plans to Become the First Gambling Ombudsman

 The HALLO ECHO
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The Independent Betting Adjudication Service (IBAS) has unveiled plans to become the new Gambling Ombudsman. IBAS believes the long-awaited UK Government White Paper will call for the creation of a new Ombudsman, once released. IBAS claims it is the perfect candidate for the role, aiming to protect consumers from gambling harm while raising industry standards…

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UK Gambling Commission Fines LeoVegas £1.32M for AML, Social Responsibility Breaches

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has announced that it has fined online gaming company LeoVegas £1.32 million ($1.34 million) after investigations discovered social responsibility and anti-money laundering failures. The operator, which runs a series of sites – leovegas.com, slotboss.co.uk, pinkcasino.co.uk, betuk.com and 21.co.uk –, will also receive an official warning and undergo an audit…

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