Key Moments:
- The Gambling Commission has suspended VGC Leeds’ license for Victoria Gate Casino due to anti-money laundering concerns.
- Regulators have identified major shortcomings in decision-making and risk response related to AML and counter-terrorist financing.
- The operator has been directed to prioritize fair consumer treatment and provide transparent updates during the suspension.
License Suspension Triggered by Regulatory Concerns
The Gambling Commission has suspended the license of VGC Leeds, which operates Victoria Gate Casino located in central Leeds. Authorities allege the operator “is reasonably believed” to have not upheld adequate and effective anti-money laundering (AML) policies, procedures, and controls.
Issues Raised Over Casino Governance
Regulatory officials have flagged “serious concerns” about the quality of VGC Leeds’ decision-making and its processes for responding to identified risks involving both anti-money laundering and counter-terrorist financing. The Gambling Commission noted that these identified failings undermine the overall effectiveness of the casino’s governance and approach to risk management.
Threat to Licensing Objectives
The Gambling Commission has emphasized that these deficiencies are a “serious threat to the licensing objectives, in particular keeping crime out of gambling.” The regulator has instructed the operator to ensure that, throughout the suspension, customers are treated fairly and kept fully informed regarding any developments affecting them.
Official Notice to Customers
According to an announcement on the casino’s website: “Licensee’s licence has been suspended by the Commission.”
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