The government has also stepped in to tighten gambling rules, capping the maximum stake on terminals and banning the use of credit cards to place bets. The situation was reminiscent of the gambling industry’s problematic practices, which have forced regulators to issue several large fines in recent years. Rhodes said, “We found serious non-compliance issues around safer gambling measures… and also anti-money laundering control failings across the company.” Shares in 888, the online gaming and betting operator that owns William Hill, plummeted by 1% in early deals. The Commission’s Chief Executive, Andrew Rhodes, revealed that the problems at the three companies owned by William Hill were “widespread and alarming,” and the regulator seriously considered suspending the firm’s licence. William Hill, the betting giant, was slapped with a fine of £19.2M, for failing to protect consumers and stop money laundering. The Gambling Commission announced the largest penalty ever issued by the regulator.
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