The narrative around gambling in the US has shifted dramatically recently, with critical coverage from the New York Times, Wall St Journal and other major media outlets highlighting the shortcomings of the industry.įormer US gambling-regulator Richard Schuetz spoke with and said that in the future he expects more fines, and more gambling-regulation in the US in 2023:

The largest gambling industry financial penalties of 2022 went to Star Entertainment Group (fined AU$100,000,000 by Australian regulators for license breaches that included allowing money laundering to take place at its Sydney casino – also losing its license), and Entain – fined US$21 million (£17,000,000) – the largest fine in UKGC history, after the Commission found anti money laundering (AML) irregularities at Entain's Coral and Ladbrokes online businesses as well as several land-based betting shops.Īs of October 2022, the UK's gambling regulator had charged 16 operators a total of $48m (£45m), with CEO, Andrew Rhodes, stating that 'the message is starting to get through'. Not having appropriate Anti-Money Laundering (AML) measures. Offering bonuses in breach of local gaming laws.įailure to prevent Overspending & placing limits on accounts.įailing in identifying customers at risk of gambling related harm.

Key failings by gambling companies identified by regulators in 2022 included:Īccepting wagers before being licensed to do so.Ĭontacting & offering promotions to self-excluding gamblers.īreaking advertising rules / inducement infractions. 3, 2023 /PRNewswire/ - Gambling regulators in the United States, Australia, United Kingdom, Sweden and the Netherlands had a busy year in 2022 – issuing financial sanctions to numerous online and land-based casino & gambling operators – which included record penalties, warnings & even gambling-license suspension.Īnalysis by has revealed that global gambling-industry financial penalties were issued to companies on 36 occasions in 2022 – totaling approximately $128,913,840 – a huge increase of 166% compared to 2021's total of $48,642,992.īrands which suffered regulatory wrath include Betr, Betway, Draftkings, BetMGM, Unibet, LeoVegas, 888, PointsBet & more.

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