UKGC fines £2.3m to Gala for stolen money wagering

7 Nov 2017

ukgc_ceo_harrisonGala International will have to pay £2.3m as a fine for failing to identify two gamblers who bet with stolen money.

The first player lost £837,545 over 14 months and the second one, £432,765 over 11 months. The both participated in online games at either Coral or Ladbrokes.

Reasons for Commission’s decision were that Ladbrokes Coral, owned by Gala Interactive, did not have written policies and specific procedures that could be able το identify and restrict players with gambling addiction problem.

Chief executive of the Gambling Commission, Sarah Harrison , said: “We will continue to take robust action where we see operator failures that harm consumers and the wider public. It is the responsibility of all operators – particularly key decision makers in those companies – to ensure they are protecting their customers and step in when there is behavior that might indicate problem gambling. This did not happen in this case and the £2.3m penalty package should serve as a warning to other operators.”

CEO of Ladbrokes Coral, Jim Mullen, said: “It is clear. We did not met our own standards or those demanded by the Commission”.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS