“Gambling with Lives says retention of regulatory action isn’t enough.”

“Gambling with Lives says retention of regulatory action isn’t enough.”

The Commission identified a series of social responsibility and anti-money laundering (AML) failings across Entain’s online and land-based businesses and ordered it to pay a total of over 20 million dollars.

This included failures within its LC International limited online arm, which runs websites including Ladbrokes.com., Coral.co.uk and Foxybingo.com, as well as failures within its land-based division that operates 2.

Will Prochaska, strategy director at Gambling with Lives, said that the Commission’s highest ever payment package was not enough and that the regulators should consider other ways of punishing operators.

Andrew Rhodes, the chief executive of the Gambling Commission, said yesterday that Entain could potentially lose its licence in Great Britain if it continues to violate rules.

Prochaska said that the Gambling Commission’s action against Entain wouldn’t be enough. The industry profits come from 5% of customers who are addicted or at risk of addiction, so there is a structural problem in the industry that this payment will not solve.

The industry views payments from the Gambling Commission as a cost of doing business, and until operating licences are revoked, they will not change their business model.

Every day at least one person takes their life because of gambling in the UK, and this is a public health crisis.

The long-awaited Gambling Act Review must be published in full by Liz Truss or Rishi Sunak when they take over in September.

The review was delayed after Boris Johnson resigned as prime minister, with the gambling white paper currently with Johnson for final approval.

Summary:

Entain has been ordered by the UK Gambling Commission to pay a total of over 20 million dollars for social responsibility and anti-money laundering failures. This included failures within its LC International limited online arm as well as failures at its land-based division.