Tougher penalties loom for irresponsible gambling companies
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Gambling operators that breach social responsibility and money-laundering rules are set to face significantly higher penalties based on a proportion of customer takings.
The gambling industry regulator has put operators on notice that it can no longer tolerate “an attitude of lowest-possible compliance being sufficient” and will be introducing “a suite of sanctions aimed at changing behavior”. Writing in The Times today, Marcus Boyle, 56, who became chairman of the Gambling Commission in September, says he has decided to take action after recent investigations revealed “jaw-dropping examples of substantial amounts being taken from individuals who cannot afford to wager such sums”.
He says sanctions are expected to include suspensions and loss of licence, although the most eye-catching move will impose fines based on a percentage
