The UK Gambling Commission keep on to punish gaming operators hard

UK-Gambling Commission

The Gambling Commission has now penalized gaming companies upwards of £ 20 million since 2018 what we assume. It has been noted that gaming operators will pay £ 3 million as part of the UK Gambling Commission's targeted online casino investigation if they do not comply with the strict requirements set by the Gambling Commission. Since the UK Gambling Commission's enforcement activity began, six operators have handed over their license and can no longer trade with consumers in the UK.

During the investigations into the nine most serious business license cases, the Commission examined the actions of 22 individual personal license holders. Of these, six have submitted their license, six have been given a formal warning, one has been asked to continue, seven are still in progress and no further action has been taken against two.

Mr Green is the ninth gambling business to face action as part of a regulator probe that has led to more than £20m in penalty packages since 2018. As part of the penalty package, Mr Green will pay £3m to the National Strategy to Reduce Gambling Harms because it failed to have effective procedures aimed at preventing harm and money laundering. Richard Watson, Gambling Commission Executive Director, said: “Our investigation uncovered systemic failings in respect of both Mr Green’s social responsibility and AML controls which affected a significant number of customers across its online casinos. Consumers in Britain have the right to know that there are checks and balances in place which will help keep them safe and ensure gambling is crime-free – and we will continue to crack down on operators who fail in this area.”

The online casino enforcement work is in addition to the Commission’s ongoing strategy to make gambling online safer. This has included strengthened online age and identity verification, enhanced rules and guidance on identifying and interacting with customers who may be at risk of harm and the banning of credit cards. The regulator is also pushing the industry to raise standards in the areas of VIP practices, advertising technology, and game design, and is currently looking at online stake limits.