Compliance News

Gambling Commission

Spreadex agrees £1.36m settlement with Gambling Commission

Financial spread betting and sports betting operator Spreadex has become the latest gambling business to fall foul of Britain’s anti-money laundering and social responsibility regulations.

Spreadex will pay £1.36m to Britain’s Gambling Commission for the breaches, which allowed some players to deposit significant funds and gamble without the operator conducting adequate [...]

1 min read

Failure to file puts Lottery.com shares at risk

Online lottery broker Lottery.com is at risk of losing its Nasdaq listing after failing to file financial statements for the second quarter of 2022.

The company was notified on August 17 that it is no longer in compliance with Nasdaq listing rules which require timely quarterly filings with the Securities and [...]

1 min read

Danish Gambling Authority rectifies error in ROFUS self-exclusion system

The Danish Gambling Authority (DGA) has corrected an error in its systems that prevented more 1000 people from correctly appearing on the national gambling self-exclusion register.

The Danish gambling regulator said that an error in the ROFUS self-exclusion system over the summer resulted in approximately 1,300 self-excluded persons either not appearing [...]

1 min read

Bremen approves two more sports betting permits and rejects seven

Authorities in Bremen have pledged to further reduce the number of licensed gambling venues in the state after rejecting applications for seven retail permits in the past week. 

The Ministry of Interior of the Free Hanseatic City-State of Bremen, Germany, has received new permit applications from operators of 20 of the [...]

1 min read

Entain agrees record £17m settlement for AML and social responsibility failings

London-listed Entain has agreed a £17m regulatory settlement with Britain’s Gambling Commission for social responsibility and anti-money laundering failures.

The gaming operator has also had additional conditions attached to its operating licence to ensure that a member of the board oversees an improvement plan, and that a third-party audit the business [...]

1 min read
Gambling Commission

British regulator fines Smarkets for AML and social responsibility failings

Malta-headquartered betting exchange operator Smarkets has become the latest operator to be fined by Britain’s Gambling Commission for anti-money laundering and social responsibility failings.

The operator will pay a financial penalty of £630,000 after an investigation by the Gambling Commission revealed a series of failings. They included customers being allowed to [...]

3 mins read

Bremen sports betting operators resubmit licence applications

Law enforcement authorities in the German state of Bremen are conducting checks this week to ensure that sports betting outlets are complying with the government’s recent order to close.

The retail betting outlets were ordered to close in late July for failing to provide sufficient documentation to comply with local licensing requirements in [...]

1 min read

Canadian lotteries urge government to shut out illegal iGaming operators

A coalition of five provincial lottery operators in Canada are calling on the federal government to work with the provinces and regulators to protect Canadians from illegal online gambling sites operating across Canada.

Lottery operators in Alberta, British Columbia, Manitoba, Quebec and the Atlantic provinces say that the rise in unlicensed [...]

1 min read

EveryMatrix secures license approval in Ontario

iGaming platform provider EveryMatrix is set to expand its presence in North America after securing license approval in the Canadian province of Ontario.

The approval from the Alcohol and Gaming Commission of Ontario (AGCO) allows the supplier to distribute gaming content from Armadillo Studios and Spearhead Studios via its casino integration [...]

1 min read
Advertising Standards Authority

Rank and Coral found in breach of gambling advertising rules

The UK Advertising Standards Authority has upheld complaints against two gambling ads by bookmaker Coral and casino operator Rank.

The complaint against Rank related to an in-app ad for the online casino game Wolf Gold, which irresponsibly suggested that gambling can be a way to solve financial concerns and achieve financial [...]

1 min read

Italian communications authority takes aim at slots streamers

Italy’s communications authority AGCOM has fined Google €750,000 for hosting videos on YouTube that it considers to be forms of gambling advertising.

The creator of the videos, Top Ads Ltd., has also been fined €700,000 for violating Italy’s gambling advertising ban.

Alongside the financial penalties, AGCOM has ordered YouTube to remove more [...]

1 min read

LeoVegas fined £1.32m by Gambling Commission

Stockholm-listed online gaming operator LeoVegas has had a new condition attached to its licence and been fined £1.32m by Britain’s Gambling Commission.

The sanctions follow a review of LeoVegas’ operations in Great Britain between October 2019 and October 2020, during which the time the company failed to employ adequate procedures and [...]

1 min read
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