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Join date: Jun 3, 2022

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Until March of this year the record fine was £7.8 million in August 2017, imposed on the online company 888 for failures in their self-exclusion systems. However on 12 March 2020 the Commission announced that it had agreed that Betway should pay £11.6 million in respect of failures to comply with the Money Laundering Regulations, failures to conduct affordability checks and failures to give effect to self-exclusion agreements.254 We describe some of these failures in Chapter 5

This £11.6 million is described as a settlement consisting of a payment of £5.8 million in lieu of a financial penalty, which would be directed towards delivering the National Strategy to Reduce Gambling Harms, and a further £5.8 million “the majority of which to go to victims where it has been found, or could reasonably [be] suspected to be, proceeds of crime”.

Three weeks later this record was broken when on 2 April 2020 the Gambling Commission announced that Caesars Entertainment UK Ltd was to pay £13 million “following a catalogue of social responsibility, money laundering and customer interaction failures including those involving ‘vIPs’”.255 All of this £13 million was in lieu of a financial penalty and was directed towards delivering the National Strategy to Reduce Gambling Harms.


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