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UKGC Hands Out Fines to Four Gambling Firms

Published:

6 Jul 2019

Last week we reported that the UK Gambling Commission had handed out fines to both Gamesys and Platinum Gaming, proving the commission is not messing around when it comes to gambling legislation. And now, over the weekend it’s been reported that another £4.5 million has been handed down in penalties to four gambling companies as part of an ongoing investigation into the casino sector.

The Firms Affected

The company facing the biggest fine is InTouch Games Limited and they are left with a bill of £2.2 million. BestBet has also been ordered to pay a financial penalty of £230,972, while MT Secure Trade has been ordered to pay £700,000 and BetIt Operations Limited faces a fine of £1.4 million.

The fines are huge and have been levied because the UKGC has deemed that the businesses have failed in their duty to put measures in place to protect customers from gambling harm and stop money laundering.

The move is part of an ongoing investigation into the UK online casino industry by the UK Gambling Commission, and many gambling firms have been stung. Over the past eighteen months, the Gambling Commission has conducted assessments into 123 online operators, and out of those 45 have been told that they need to increase their standards. 38 of the 45 have already shown improvement, showing that the investigation does have great value

The Hard Work Continues

These aren’t the only brands who have been hit with penalties during the operation, big operators such as Casumo, Gamesys, and VideoSlots have also been affected. Some operators have even surrendered their licenses rather than improve.

And the hard work doesn’t end here either, Gambling Commission Executive Director Richard Watson says that The Commission is dedicated to ensuring the gambling sector is crime free and wants to ensure that anyone who wishes to gamble in the UK can do so safely.