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UK Gambling Commission Fines Another Land-based Casino Operator
UK Gambling Commission Fines Another Land-based Casino Operator

UK Gambling Commission Fines Another Land-based Casino Operator

The UK Gambling Commission has slapped a fine and imposed a series of measures on gambling operator Silverbond Enterprises for not complying with its license conditions related to social responsibility.

The gambling regulator slapped a £1.8m fine (USD 2.2 M) fine on Silverbond Enterprises after it launched an investigation into the company’s Park Lane Club in Mayfair.

The fine was levied as the gambling watchdog found the operator to be lax in administering anti-money laundering measures and for being socially irresponsible.

Recently, the UK Gambling Commission proposed a number of new license conditions and codes of practice (LCCP). The LCCPs are outlined after consulting with other stakeholders from the gambling industry.

The new LCCPs aim at ‘raising standards for alternative dispute resolution (ADR), strengthening requirements on how licensees identify and interact with customers who may be at risk of or experiencing gambling harms, and improve the transparency of funding for research, prevention, and treatment.’

Last week, the UK Gambling Commission suspended the B2C license online gambling content and services provider EveryMatrix.

The Gambling Commission published on its official website that it has initiated a review under Section 116 of the Gambling Act of 2005 into EveryMatrix Software Limited.

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Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

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