UK Online Casinos Fined $5.8 Million
Britain’s gambling regulator has imposed penalties of £4.5 million ($5.8 million) on four online casino operators.
The punitive measures are the result of part of an ongoing investigation launched by the United Kingdom Gambling Commission (UKGC) 18 months ago, which is aimed at ensuring that British players remain safe from gambling harm as well as preventing money laundering.
The regulator reported Tuesday that for failing to comply with the UKGC standards, InTouch Games Limited will pay £2.2m, Betit Operations Limited will pay £1.4m, MT Secure Trade will pay £700,000 and BestBet Limited will pay a total of £230,972.
“We have been working hard to raise standards in the online industry to ensure that gambling is crime-free and that one in five people in Britain who gamble online every month can do so safely,” said Richard Watson, the UKGC Executive Director.
In November 2018, nearly £14m ($18 million) was withdrawn from Daub Alderney, Casumo, and Videoslots.
The UKGC has so far reviewed 123 online gambling operators, 45 of which were called for raising standards.
As a result of the investigation, five operators have pulled back from the UK market by rejecting their license.