Online gambling operator BetVictor has been forced to pay £2 million (€2.4/$2.7 million) by the UK Gambling Commission for fairness, social responsibility, and anti-money laundering failures.
UKGC Slaps BetVictor With Regulatory Action for Multiple Fairness and Social Responsibility Failures UKGC Slaps BetVictor With Regulatory Action for Multiple Fairness and Social Responsibility Failures gambling websites including betvictor.com, betvictor.mobi, hbingo.co.uk, heartbingo.co.uk and parimatch.co.uk.Speaking of the settlement, Leanne Oxley, Gambling Commission Director of Enforcement said:
“As a gambling regulator our focus is on ensuring that gambling in Britain is fair, safe and crime-free, and BetVictor failed consumers by breaching rules aimed at achieving these objectives.”
Oxley went on to add that failing to meet with industry compliance requirements “will never be a viable business option for gambling businesses,” and warned that the Gambling Commission “will always be tough” on any operators who fail to follow industry regulations.
She also added that the money received from the settlement will go directly to the National Strategy to Reduce Gambling Harms.
UKGC Slaps BetVictor With Regulatory Action for Multiple Fairness and Social Responsibility FailuresThe company was also found to have failed to take into account risk factors such as high spending or players that used multiple accounts or sources of funds for their gambling activities.
UKGC Slaps BetVictor With Regulatory Action for Multiple Fairness and Social Responsibility Failures