Casumo and Videoslots become latest online casinos to incur UKGC fines

Discussion in 'Casino Industry Buzz and Terms Alerts' started by nibnab, Dec 3, 2018.

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    nibnab

    nibnab New Member

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    Online casinos Casumo and Videoslots have been fined £5.85 million and £1 million from the Gambling Commission (UKGC) respectively, as part of “an ongoing investigation into the way the industry combats problem gambling and money laundering”.

    The companies, which both run affiliate programs, join Daub Alderney after it was also hit with a £7.1 million fine earlier this month. This means that the amount in financial penalties imposed by the UKGC for the month of November is roughly £14 million in total.

    Another firm, CZ Holdings, will no longer be able to provide gambling services to consumers in Britain as it surrendered its licence after a licence review had been commenced. While nine other operators have been issued with ‘Advice to Conduct’ letters and a further six are still under investigation.
     
    Zuga and MissExposé like this.
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    melcb

    melcb Administrator Staff Member

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    eeek that's a hefty fine. What casinos are associated with CZ Holdings?
     
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    dfiocch

    dfiocch Affiliate Guard Dog Member

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    The UKCG behavior is starting to become more than pathetic...
     
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    nibnab

    nibnab New Member

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    DrVegas...
     
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    NDG

    NDG Affiliate Guard Dog Member

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    The money for the fines will need to come from somewhere. Get out the big razor.
     

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