Daily news

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    Caesars Entertainment UK (CEUK) has agreed to pay a record settlement worth £13m (€14.7m/$16.1m), after the GB Gambling Commission ruled it had breached a number of social responsibility, money laundering and customer interaction regulations related to VIP customers.

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    Gambling regulators in markets worldwide issued over £25m (€28.3m/$30.9m) in fines, penalties and financial settlements in the first quarter, according to data collected by GamblingIndustryFines.com. This figure comfortably surpasses the £16m in fines, penalties and settlements issued across 2019 in its entirety.

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    The UK’s Competition and Markets Authority (CMA) has given its approval to the proposed mega-merger between Flutter Entertainment, the parent company of Paddy Power Betfair, and Sky Bet operator The Stars Group.

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    Gambling industry association the Betting and Gaming Council (BGC) has praised the UK government after it was confirmed that gambling companies will qualify for the business rates holiday designed to mitigate the shut-down enforced by novel coronavirus (Covid-19).

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    iGaming operator 888 Holdings is to delay the publication of its full-year results for 2019, after the Financial Conduct Authority (FCA) requested all listed businesses observe a two-week moratorium on the publication of preliminary financial results.

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    The Betting and Gaming Council (BGC) has urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry, after fresh concerns were raised over the impact of the novel coronavirus disease (Covid-19) on the sector.

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    Betway has agreed to pay a record settlement worth £11.6m (€13.2m/$14.9m) after the GB Gambling Commission found the igaming operator had breached a number of social responsibility and money laundering regulations related to high-spending customers.

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    The British Gambling Commission has launched a consultation on potential changes to the licence conditions and codes of practice (LCCP) which all licensees must adhere to, mostly to change the ways in which licensees must report key events to the regulator.

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    The British Columbian government has commenced its inquiry into money laundering in the Canadian province, with a focus on identifying possible links with the gambling sector.

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    Troubled sports betting operator Addison Global’s brand MoPlay, which had its licence suspended by regulators in both Gibraltar and Great Britain last week, has stopped paying out customer withdrawals and announced the business is insolvent.

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    Global Gaming has seen revenue slashed and the business incur losses after a tumultuous 2019 that saw the operator lose its Swedish licence, but chief executive Tobias Fagerlund believes the business can turn things around in the long term.

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    The New South Wales (NSW) Independent Liquor and Gaming Authority has convicted Ladbrokes Australia and Neds of illegal gambling marketing activities in the Australian state, issuing the two operators with a record fine of AUD$207,500, the highest ever levied in the state.

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    The Philippine Amusement and Gaming Corporation (PAGCOR) has reported an 11.7% year-on-year increase in gaming revenue for 2019, resulting in its total tax and corporate social responsibility contribution for the year rising above PHP56bn for the year.

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    The Gambling Commission of Great Britain has published a list of projects and organisations it has been able support during the past 12 months using funds collected from regulatory settlements.

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    Casino operator Eldorado Resorts has secured approval from the Louisiana Gaming Control Board to proceed with its pending acquisition of Caesars Entertainment Corporation.

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    Problem gambling funding body GambleAware has revealed that GVC Holdings pledged to donate the most money in the nine months to 31 December 2019, despite not adding to the amount it committed to in the first half of the year.

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    The Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Great Britain Gambling Commission have signed a Memorandum of Understanding (MoU) to allow both agencies to share regulatory and compliance information.

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    The GB Gambling Commission has announced that it will introduce a ban on the use of credit cards for all forms of online and land-based gambling from 14 April.

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    Regulated bookmakers in Poland generated combined turnover of PLN6.7bn (£1.36bn/€1.58bn/$1.76bn) in 2019, a 28.8% year-on-year increase but less than the unlicensed market, according to figures from legal association Graj Legalnie.

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    Sweden’s gambling regulator, Spelinspektionen, has asked the Ministry of Finance to increase the maximum penalty that may be imposed upon a gambling operator in violation of the country’s Money Laundering Act from €1m (£847,686/$1.1m) to 10% of th

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