Gambling Industry Fines up by 12.1% in First Half of 2024

Financial penalties hit $85.3 million in first six months of the year

by - Monday, July 1st, 2024 11:30

The first six months of 2024 saw global gambling regulators issue fines totaling $85.3 million (£67 million / €79.3 million) marking a 12.1% increase on the same period in 2023, according to our Gambling Fines & Sanctions Tracker

Gambling Industry Fines up by 12.1% in First Half of 2024

Australian gambling regulators were responsible for the highest total of fines with $44.9 million across the first half of the year.

The largest financial penalty was the AU$67 million fine ($44.6million / £34.9 million / €41 million) levied on SkyCity Adelaide Pty Ltd following proceedings initiated by the Australian Transaction Reports and Analysis Centre (AUSTRAC).

2024 H1 Gambling Industry Fines

    Gambling Industry Fines up by 12.1% in First Half of 2024 – $85,341,397 / £67,020,682 / €79,361,467 – up by 12.1% year-on-year
  • Number of Fines – 21
  • Gambling Industry Fines up by 12.1% in First Half of 2024 – $44,647,948 / £34,922,827 / €41,538,557

Fines by Country

  • Australia – AUD$67.5 million / $44.9 million / £35.1 million / €41.7 million
  • Netherlands – $21.6 million / £17.1 million / €20 million
  • Gambling Industry Fines up by 12.1% in First Half of 2024 – $8.3 million / £6.5 million / €7.7 million
  • United States – $7.8 million / £6.1 million / €7.25 million
  • Italy – $1.4 million / £1.1 million / €1.35 million
  • Gambling Industry Fines up by 12.1% in First Half of 2024 – $1.06 million / £838,646 / €986,201
Gambling Industry Fines up by 12.1% in First Half of 2024. However, 2023’s second half figures were largely inflated by the settlement agreed by Crown Resorts and The Australian Transaction Reports and Analysis Centre (AUSTRAC) that saw the casino operator pay AU$450 million ($309.9 million / £244.5 million / €275.3 million).

 

Olivia Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.