UKGC hits Entain with record-breaking fine

[The Buzz]

Entain has been slapped with a £17 million regulatory settlement for social responsibility and anti-money laundering failures, the largest ever penalty handed out by the UK Gambling Commission,. which added that "the removal of their licence to operate" is a "very real possibility."

The failings were identified between December 2019 and October 2020 as part of an investigation into the operator’s digital and retail business. The Gambling Commission imposed a £14 million fine for licensing failures at LC International Limited, which runs Entain’s 13 gaming websites across Great Britain, including ladbrokes.com, coral.co.uk and foxybingo.com. Entain must also pay £3 million for "shortcomings" at its Ladbrokes Betting & Gaming Limited operation, which operates more than 2,700 betting shops across the UK.

From the UKGC press release:

Andrew Rhodes, Gambling Commission chief executive, said: “Our investigation revealed serious failures that have resulted in the largest enforcement outcome to date.

“There were completely unacceptable anti-money laundering and safer gambling failures. Operators are reminded they must never place commercial considerations over compliance.

“This is the second time this operator has fallen foul of rules in place to make gambling safer and crime free.

“They should be aware that we will be monitoring them very carefully and further serious breaches will make the removal of their licence to operate a very real possibility. We expect better and consumers deserve better.”

Read more here: https://www.gpwa.org/article/ukgc-hi...ng-fine-244873

[mickyfu]

I await the complaints of affiliate accounts being closed to recover the debts. I see a big culling on the horizon.

[rmeeuwsen]

I await the complaints of affiliate accounts being closed to recover the debts. I see a big culling on the horizon.

It would probably be a good thing anyway.

I would not entertain the idea of working with Entain again. They dropped a while ago and said, don't bother contacting us for questions.

��

[tufty]

License should have been removed for six months. £17m - no different to fining them a tenner.

[FreeSpins]

Karma is a bitch

[Oliver Cooper]

The most discussed news today Everywhehe, everyone. And a big wave of uncertainty and complaints awaits us.

[ocreditor]

It's like buying a pack of gum for Entain..

[The Buzz]

ICYMI, last week Entain won the award for Socially Responsible Operator of the Year at the SBC Awards North America for the second consecutive year:

https://sbcevents.com/sbc-awards-nor...ca/#categories

Oh, the irony . . .

[ocreditor]

ICYMI, last week Entain won the award for Socially Responsible Operator of the Year at the SBC Awards North America for the second consecutive year:

https://sbcevents.com/sbc-awards-north-america/

Oh, the irony . . .

[Cash Bonus]

Entain are too stupid to learn anything from their blunders.

[newcustomeroffer]

Not on the same level as Entain's fine, but Spreadex have also had their wrists slapped: https://www.gamblingcommission.gov.u...bp1-36-million

[CiaranMc]

Unibet picked up an "award" in .CA today too. a financial penalty

Alleged ‘advertising infractions’ have landed Unibet a financial penalty of $48,000, charged by the Alcohol and Gaming Commission of Ontario (AGCO).

[mickyfu]

The UKGC is a self-serving "business" which inevitably leads to affiliates being screwed. As much as you dislike certain businesses, there is one business behind "a lot of it" that steals your business.

[Pokerface]

Could be a reason why there seems to be a push on KYC documents.