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Home » UKGC issues stark warning as further £6.85m fines hit online casino

UKGC issues stark warning as further £6.85m fines hit online casino

The Gambling commission has vowed to “hold individuals to account” after a wave of further action was taken against online casinos, and their management, as part of an ongoing investigation.

Undertaking an industry enquiry into how problems gambling and money laundering issues are faced and combated, Duab Alderny fell foul of the regulator earlier in the month after being issued with a £7.1m penalty package.

Fines in total has soured to a little around £14m with casumo ordered to pay £5.85m financially penalty and Videoslots in lieu of a £1m fine, for a lack of implemented measures to prevent money laundering, and failing to establishments and maintain procedure to protect customers.

CZ Holdings, named, is no longer able to provide gambling services to Britain after surrendering its license following review, with nine further operator issues with advice to conduct notices and another six still under investigations.

CEO of the regulator, Neil McArthur, said: ” I Hope today’s announcement will make all online casino operators sit up and pay attention, as our investigations found out that a large number of operators sit up and pay attentions, as our investigations found that a large number of operators and their senior management were not meeting their obligations.

“Anyone in a position of authority needs to be aware that we will not only act against businesses when we take regulatory actions – we will also hold individuals to account where they are responsible for an operators failings”.

“We are pleased that the gaming commission recognises that we were open and transparent from the outset of their investigation and fully cooperative throughout.

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Caleb Jose

Caleb Jose

Caleb is based out of Kansas City and he is responsible for overseeing day-today processes of Casino Buzz. He takes care of the backend technology, along with being the main data collector and reporter for Casino Buzz. He can be reached out at [email protected]

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