Denmark: LeoVegas Escapes Regulatory Probe Unscathed

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World Casino News

Videoslots To Pay £2 Million for Non-Compliance

The UK Gambling Commission has issued a 2 million pound regulatory settlement for Videoslots Limited for the operator's failure to comply with the social responsibility and anti-money laundering (AML) procedures. The aforementioned amount imposed after the Commission's investigation of the Videoslots' operations will represent a part of the…

Law ・ 08 July 2023

The Wall Street Journal

U.K. Gambling Company Fined $7.6 Million Over Alleged Money-Laundering Control Issues

U.K. online gambling company Intouch Games Ltd. has been fined the equivalent of $7.6 million after a regulator cited a series of failures in its program to prevent money laundering. The U.K.'s Gambling Commission on Wednesday announced the £6.1 million penalty for Intouch, the third action the regulator has taken against the company since…

Gaming Authorities ・ 31 January 2023

Vegas Slots Online

Kindred Group Gets $1m Swedish Gambling Regulator Fine

Kindred Group has been hit with an SEK10.9m ($1m) fine and an official warning by the Swedish Gambling Authority (SGA). The regulator discovered shortcomings in Kindred's Spooniker subsidiary when it came to safeguards against terrorist financing and anti-money laundering systems. failed to meet its enhanced due diligence requirements In a…

Law ・ 25 November 2022

Casino Guardian

UKGC Suspends Online Gambling Operator’s Licence for Failing to Participate in GAMSTOP

The UK Gambling Commission revealed that it has suspended an online gambling company from transacting with British customers after the operator failed to participate in GAMSTOP, the country's safer gambling self-exclusion scheme. As of November 3rd, 2022, LEBOM Limited, which trades from the lebom.app platform, has been suspended from operating…

Industry ・ 04 November 2022

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World Casino News

Gambling Commission penalty for Petfre (Gibraltar) Limited

In the United Kingdom and the Gambling Commission regulator has announced that it has hit the operator behind the Betfred.com and OddsKing.com iGaming domains with a fine of £2.87 million ($3.12 million). The watchdog used a Wednesday press release to detail that the penalty against Petfre (Gibraltar) Limited was imposed after an official…

Gaming Authorities ・ 29 September 2022

Casino City Times

Smarkets handed six-figure fine by UK Gambling Commission

Gaming News 12 August 2022 (PRESS RELEASE) -- An online gambling operator will pay a financial penalty of £630000 after an investigation by the Gambling Commission revealed a series of anti-money laundering and social responsibility failings. Smarkets (Malta) Limited will pay the six-figure sum for the failings, which saw customers being allowed to…

Gaming Authorities ・ 13 August 2022

Casino Guru

UK Gambling Commission imposes £630k fine against Smarkets

The Gambling Commission, the gambling regulator in the UK, announced it imposed a monetary penalty against Smarkets, the online gambling operator. The Commission said Thursday that it imposed a £630000 ($763374) financial penalty which comes after it discovered anti-money laundering and social responsibility breaches. In a statement released on…

Gaming Authorities ・ 11 August 2022

Gambling Commission

Smarkets handed six-figure fine by Gambling Commission

An online gambling operator will pay a financial penalty of £630000 after an investigation by the Gambling Commission revealed a series of anti-money laundering and social responsibility failings. Smarkets (Malta) Limited will pay the six-figure sum for the failings, which saw customers being allowed to gamble without adequate source of funds…

Gaming Authorities ・ 15 August 2022

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US Bets

Ontario Regulator Fines Ottawa Casino For Multiple Violations

With money laundering through casinos a red-hot topic in Canada recently, Ontario's gaming regulator handed out a substantial fine to a casino in the province. Last Wednesday, the Alcohol and Gaming Commission of Canada issued monetary penalties totaling $227250 (CAD) to HR Ottawa LP, which is responsible for the day-to-day operations of the…

Gaming Authorities ・ 18 July 2022

European Gaming

Casino Copenhagen Reprimanded for AML Failings

Danish gambling regulator Spillemyndigheden has issued a series of reprimands against Casino Copenhagen in the country's capital. It found the casino had committed several breaches of the Danish Money Laundering Act by failing to compile risk assessments, among other issues. The first rebuke concerns risk assessments, which are a requirement under…

Incidents ・ 05 July 2022

World Casino News

Five reprimands for Casino Copenhagen

The gaming regulator for Denmark has reprimanded the 32-year-old Casino Copenhagen after the gambling-friendly venue was found guilty of five separate breaches of the Scandinavian nation's Anti-Money Laundering Act. Opened in late-December of 1990 adjacent to the 544-room Radisson Blu Scandinavia Hotel Copenhagen, Casino Copenhagen is the largest…

Poker ・ 30 June 2022

Gambling News

Tipwin and Mybet Got Licenses for Online Slot Machines

On June 23, Tipwin and Mybet obtained licenses in Germany for slot machine games, becoming the second and third-biggest gambling company in the whole country that offers such games online. The new license has allowed renowned sports betting operator Tipwin to offer slot games as part of a new section on its website, while Mybet acquired its license…

Sports ・ 24 June 2022

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Gambling News

Spillemyndigheden Filed 255 Slots Incompliance Reports

Spillemyndigheden, Denmark's gambling regulator has inspected about 4000 slot machines since 2019. The regulator reported 255 instances of suspicious activity to the police. The authority has to constantly inspect the 23000 slot machines active in the country. This is done to ensure the integrity of gambling and prevent any fraud from taking place.…

Covid ・ 18 May 2022

Vegas Slots Online

Two UK Gambling Operators Fined a Combined £675,000

Two UK gambling companies have been hit with fines totalling £675000 ($841908) from the UK Gambling Commission (UKGC). The UK's gambling regulator announced these penalties on Tuesday against Jumpman Gaming Limited and Progress Play Limited. Most of the issues relate to anti-money laundering and responsible gambling deficiencies. Specifically,…

Industry ・ 17 May 2022

Yogonet

Crypto gambling and KYC: How not to jeopardize your gaming license

The expert on the igaming industry says that KYC applies to crypto payments, and underlines the need for operators to identify the player and where they are located. In his column, he explains how cryptocurrency payments and online gambling are compatible, and the importance of being compliant. Over the last few years, cryptocurrency has continued…

Crypto ・ 28 December 2021

The Sydney Morning Herald

Star casino linked to organised crime, money laundering, foreign influence

Listed gaming giant Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years, even though its board was warned its anti-money-laundering controls were failing. Between 2014 and 2021, Star cultivated high-roller gamblers who are allegedly…

Incidents ・ 10 October 2021

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Online Gambling Op Mr Green Gets Hefty Fine in Sweden

William Hill-owned gambling operator Mr Green has been slapped with a hefty fine by Sweden's competent regulator, Spelinspektionen, over a series of failings, including poor anti-money laundering and know your customer policies and duty of care relating to responsible gambling. The Swedish Gambling Authority announced on Wednesday that it has fined…

Law ・ 26 August 2021

Vegas Slots Online

Mr Green Fined $3.6m by Sweden’s Gambling Regulator

Spelinspektionen, the Swedish gambling regulator, has issued fines totaling SEK31.5m ($3.62m) and warnings to Mr Green Limited for responsible gambling and anti-money laundering failures. These offenses date back to the operator's actions during the early days of the Swedish regulated gambling market in 2019. Mr Green Limited is an online gambling…

Law ・ 25 August 2021

World Casino News

The Swedish Gaming Authority has reprimanded two online gaming groups.

The Swedish Gaming Inspectorate, Spelinspektionen, has announced this week that two companies have been reprimanded for violations of regulations and guidelines. Both More Tech Group Ltd and Multi Gaming Group Ltd have been told to take corrective action based on specific violations. More Tech Group Ltd For this company, the Inspectorate found that…

Gaming Authorities ・ 06 July 2021

Fortitude Magazine

How Danish Gambling Blocks Access to Unlicensed Online Casinos

CarolineGrogerssen is an expert in the iGaming field who specializes in the gambling industry in Denmark. She will discuss Danish gambling regulations. She'll also explain how lawmakers block illegal gambling sites. Why Are Online Casinos Becoming More Popular? Since Covid 19 has forced governments worldwide to impose strict quarantine measures,…

Gaming Authorities ・ 29 June 2021

Eminetra

Austrac Accuses A Range of Aussie Casinos for Money Laundering

Australian land based casino operators are feeling the heat after the Australian Transaction Reports and Analysis Centre (Austrac) raised serious concerns over potential money laundering taking place at multiple land based casinos throughout the country. Austrac is the financial watchdog in Australia and one of the responsibilities of this…

Incidents ・ 23 June 2021

Market Watch

Australian Casinos Probed For Possible Anti-Money Laundering Law Breaches

SYDNEY--Australia's two largest casino operators are facing fresh scrutiny from regulators after the government's financial intelligence agency uncovered potential breaches of anti-money laundering law. Crown Resorts Ltd., which is already facing multiple investigations from Australian authorities amid disquiet over its business practices in Sydney…

Incidents ・ 07 June 2021

Manila Bulletin

BSP cautions banks against illegal online gambling

The Bangko Sentral ng Pilipinas (BSP) has issued an advisory warning banks and non-banks to be alert and detect clients or customers that are engaged in illegal online gambling and to report these activities to the proper government agencies including the central bank. BSP memo (Circular Letter No. CL-2021-012) reminded all BSP-supervised financial…

Law ・ 09 February 2021

World Casino News

Gambling Commission punishes White Hat Gaming Limited

In the United Kingdom and the Gambling Commission regulator has announced that iGaming operator White Hat Gaming Limited is to pay a financial penalty of some £1.34 million ($1.84 million) for breaching multiple anti-money laundering and social responsibility protocols. The watchdog used an official Thursday press release to detail that the Maltese…

Gaming Authorities ・ 30 January 2021

Tunf

Spillehallen and Leovegas Online Casinos Cop To The Shortcomings Of Danish AML

Spillehallen and LeoVegas, both top online casino operators have been reprimanded (albeit lightly) by the gambling regulator of Denmark for failing to observe AML (anti-money laundering) obligations. This Monday, Spillemyndigheden regulatory agency of Denmark reported that it issued a warning for non-compliance to LeoVegas for errors in its…

Law ・ 07 May 2021