Author: Olivia Cole

The largest casino operator in Australia – Crown Resorts – has been taken to court by the country’s financial watchdog over allegations of serious and widespread violations of counter-terrorism financing and anti-money laundering legislation. The CEO of the Australian Transactions and Reports Analysis Centre (AUSTRAC), Nicole Rose, issued a statement associated with the claims that the aforementioned breaches were systemic, alleging that the staff of the Australian gambling giant overlooked suspicious transactions initiated by so-called VIP customers, as affluent high-rollers are also known. In its claims, the country’s Transaction regulatory…

A British online gambling operator is set to pay a massive £9.4-million fine after the country’s gambling regulatory body found it had violated some social responsibility and money laundering laws. The UK Gambling Commission (UKGC) reported that it has held an investigation that found money laundering and social responsibility failures which were the reason why 888 UK Limited is facing the aforementioned monetary fine. The company, which currently operates 78 online gambling platforms, has also received an official warning from the gambling watchdog and is set to undergo an extensive…

One of the frontrunners for the operating licence of the UK National Lottery has pledged to double the amount redirected as donations to charity organisations that have been made by Camelot over the past decade. Allwyn, which is currently one of the fastest-growing euro lottery companies and a gambling market leader in the Czech Republic, has made a promise to donate a total of £38 billion to good causes in the following 10 years in case the UK gambling regulatory body grants it the operating permit for the National Lottery.…

The UK Gambling Commission (UKGC) announced that it found that BV Gambling Limited, trading as the popular online gambling operator BetVictor, violated some fairness, anti-money laundering, and social responsibility rules. As a result, the company will be forced to pay a total of £2 million for its failures. The gambling operators, which currently owns and runs a number of digital gambling platforms, including betvictor.com, betvictor.mobi, parimatch.co.uk, heartbingo.co.uk, and hbingo.co.uk, is set to pay the money as part of its settlement with the UK gambling regulatory body. The proceeds from the…

The online gambling operator Novibet officially announced that it has decided to cease operations in the UK and withdraw from the local gambling market with immediate effect after spending 8 years there. The company has informed its customers of the decision and urged them to withdraw any existing funds from their user accounts. Novibet has also surrendered its operating licence to the country’s gambling regulatory body – the UK Gambling Commission (UKGC) – after deciding to exit the British gambling market. It has been offering its British-facing gambling services for…

A few days ago, the UK Gambling Commission (UKGC) published more extensive data regarding the impact of the more relaxed lockdown measures on British citizens’ gambling behaviour. The period from March 2020 to December 2021 has been reflected in the data provided by Licensed Betting Operators (LBOs) on UK high streets, with both in-person and online gambling on the territory of the country. The British gambling regulatory body has warned that one must proceed with caution when making any comparisons on a year-on-year basis between some months in 2020 and…