Author: Olivia Cole

As the UK Gambling Commission (UKGC) officially announced earlier today, one of the largest gambling businesses in the country is set to pay a massive regulatory fine for anti-money laundering and social responsibility failures at the company’s land-based and online operations. The country’s gambling regulator revealed that Entain Group will pay a monetary penalty of £14 million for failures at LC International Limited, its online business that currently operates a total of 13 gambling platforms, including coral.co.uk, ladbrokes.com, and foxybingo.com. In addition, the company is set to pay another £3…

The beginning of the week saw an official announcement that the Star Entertainment Group has appointed two individuals – Anne Ward and David Foster – as non-executive directors. By doing so, the number of directors on the company’s board has increased to seven. The new board of directors’ appointments are set to be taken into consideration by local regulatory bodies and will be subject to the competent watchdogs’ approvals. The first one of the two new non-executive director appointments at the Star Entertainment Group, Ms Ward occupied the same position…

Two gamblers finally won their legal battle against Australia’s gambling giant the Star Entertainment Group after the company accused them of cheating at its Brisbane and Gold Coast properties several years ago. Star Entertainment prohibited Mark Timothy Grant and Nathan Trent Anderson from entering its Queensland casinos in 2018 after the pair played Pontoon, a banking card game similar to Spanish Blackjack. The players subsequently turned to the Queensland Civil and Administrative Tribunal (QCAT), an independent body that deals with dispute resolution. In 2020, Anderson and Grant sought a review…

Today, the UK Gambling Commission (UKGC) announced that an online gambling company will have to pay a monetary fine of £630,000 after an investigation held by the regulator unravelled a series of anti-money laundering and social responsibility failures. The UKGC revealed that Smarkets (Malta) Limited is set to pay the aforementioned 6-figure sum because of the failures, as a result of which customers have been allowed to gamble without proper source-of-income checks. The online gambling operator also failed to identify and interact with customers who were exposed to risk of…

EPIC Risk Management has revealed some plans to update its Interactions Masterclass in order to make sure that gambling operators that take the course are aware of the new requirements that the UK Gambling Commission (UKGC) is expected to deploy on September 12th, 2022. In a press release published earlier this week, the company informed that the move is being taken as a preventative measure. The UK gambling regulatory body is set to roll out a total of 14 new requirements, so EPIC Risk Management is willing to make sure…

Recently, some Irish lawmakers raised a red flag that online casino and slot operators in the country are granted operating permits that practically allow them to legally offer their services. However, there is one major problem, because some of these companies are not entitled to such licences. For the time being, gaming licences are issued by the revenue department of the Irish Government, provided that the operator’s services fall within the legal scope of the country’s gambling laws. In this case, this would mean that online sports betting is allowed…

The beginning of the week saw the Australian Communications and Media Authority (ACMA) issue a formal warning to the software supplier Proxous Advanced Solutions Limited after it found that the company provided gaming software to 13 online casino operators that have been offering their services illegally to local gamblers. As revealed by the Australian regulatory body, the 13 illegal online casinos have used the Realtime Gaming-branded (RTG) software products of Proxous. According to the ACMA, the online gaming software solutions supplier knowingly sub-licensed these software products to the aforementioned casino…

The Barangaroo casino of Crown Resorts has opened its doors for the first time earlier today but the gambling company expects its VIP-facing gambling facility to become fully operational by October 2022. The opening of the second casino operation in Sydney comes almost 2 years after the limited opening of Crown Resorts’ Barangaroo resort, as well as a decade after billionaire James Packer rolled out his campaign aimed at establishing a waterfront gambling resort aimed primarily at attracting affluent Chinese gamblers. Simon McGrath, the chief executive officer of Crown Barangaroo,…

Two university studies on gambling advertising spending cited data that operators increased their expenditures on advertising by almost 50% during the winter Covid-19 lockdowns although they were aware of customers’ anxiety. According to separate studies held by the Universities of Glasgow and Stirling, the amount spent on gambling advertising reached a new high in 2021. The Daily Mail even reported that the figures exceeded the levels of gambling advertising spending surpassing the pre-coronavirus pandemic levels. Gambling operators still kept their promise to reduce their investments in advertising during the first…

The gambling company LeoVegas faces a monetary penalty worth £1.32 million after the UK gambling regulator made revelations of the operator’s anti-money laundering and social responsibility failures. As revealed by the UK Gambling Commission (UKGC), LeoVegas, which currently operates a number of British-facing online gambling platforms, including leovegas.com, betuk.com, pinkcasino.co.uk, 21.co.uk, and slotboss.co.uk, will also face an official warning. The gambling company will have to undergo an audit to make sure it is efficiently implementing its social responsibility and anti-money laundering policies, controls, and procedures. The Director of Enforcement and…