{"id":265,"date":"2024-06-27T20:17:23","date_gmt":"2024-06-27T17:17:23","guid":{"rendered":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/"},"modified":"2024-06-27T20:17:23","modified_gmt":"2024-06-27T17:17:23","slug":"entain-faces-uk-license-revocation-threat-for-gambling-violations","status":"publish","type":"post","link":"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/","title":{"rendered":"Entain Faces UK License Revocation Threat for Gambling Violations"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/IkHfZktRimg\" frameborder=\"0\" allowfullscreen><br>\n<\/iframe><\/p>\n<p>The chief executive of the UK Gambling Commission, Andrew Rhodes, cautioned Entain Group that they could be stripped of their operating permit in the UK if they persist in disregarding market rules and regulations.<\/p>\n<p>Entain was instructed today (August 17th) to pay a record \u00a317 million (\u20ac20.3 million\/$20.6 million) following the discovery by regulators of a series of lapses in social responsibility and anti-money laundering practices within its online and physical operations.<\/p>\n<p>The company will pay \u00a314 million for shortcomings in its LC International Limited online division, which operates websites including Ladbrokes.com, Coral.co.uk and Foxybingo.com, and \u00a33 million for deficiencies in its Ladbrokes Betting &amp; Gaming Limited physical business, which has 2,746 betting shops across the UK.<\/p>\n<p>Rhodes, addressing the issue, highlighted that this was not the initial instance where the Commission has taken action against Entain for breaching license terms.<\/p>\n<p>In July 2019, prior to the group being rebranded as Entain, Ladbrokes Coral was penalized \u00a35.9 million for systematic failures related to social responsibility and anti-money laundering measures. <\/p>\n<p>Rood cautioned that stripping Entain of its operating permit in the UK would be a \u201cvery real possibility\u201d if additional infractions were uncovered within the organization.<\/p>\n<p>In response to the verdict, Entain stated that it accepted the ruling, acknowledging that certain outdated systems and procedures supporting its UK operations between 2019 and 2020 \u201cdid not meet the Commission\u2019s evolving regulatory expectations.\u201d The company added that it had reached a regulatory settlement agreement with the Commission to resolve the issue and avoid further costly and drawn-out legal actions. However, Entain also emphasized that the Commission had not discovered any criminal spending in Entain\u2019s operations.<\/p>\n<p>\u201cOur investigation revealed serious shortcomings that have led to our largest enforcement outcome to date,\u201d Rood stated. \u201cThere were completely unacceptable anti-money laundering and safer gambling failures. Operators should be under no illusion that they must never prioritize commercial interests over compliance.<\/p>\n<p>\u201cThis marks the second time this operator has violated the rules designed to make gambling safer and crime-free.<\/p>\n<p>\u201cThey should be aware that we will be closely monitoring them, and further serious breaches will make the revocation of their operating license a very real possibility. We expect better, and consumers deserve better.\u201d <\/p>\n<p>Moreover, the organization declared that the concerns raised by the committee pertain to the time frame between December 2019 and October 2020, preceding the modifications Entain has subsequently implemented in responsible gaming and anti-money laundering.<\/p>\n<p>Entain particularly emphasized its Advanced Responsibility and Care (ARC) program, introduced in 2021. The program employs artificial intelligence technology, operates in real-time, and is customized for each user.<\/p>\n<p>\u201cPreliminary trials of ARC in the UK have revealed risk assessment accuracy exceeding 80%, a 120% increase in high-risk individuals utilizing safer gambling tools, and a 30% overall reduction in customer risk levels,\u201d Entain stated.<\/p>\n<p>\u201cFurthermore, in May of this year, Entain was granted the Advanced Safer Gambling Standard by GamCare for demonstrating the highest levels of player protection and social responsibility across its online and land-based gambling operations in the UK.\u201d<\/p>\n<p>As part of the agreement, Entain has also consented to appoint a board sponsor to oversee the execution of any further enhancements identified in the initial compliance evaluation from 2020, and to undergo an independent review of relevant policies and procedures at a future point in time.<\/p>\n<p>The organization added that the \u00a317 million settlement amount has been reserved for in its financial statements.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chief executive of the UK Gambling Commission, Andrew Rhodes, cautioned Entain Group that they could be stripped of their operating permit in the UK if they persist in disregarding market rules and regulations. Entain was instructed today (August 17th) to pay a record \u00a317 million (\u20ac20.3 million\/$20.6 million) following the discovery by regulators of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Entain Faces UK License Revocation for Gambling Rules Breaches<\/title>\n<meta name=\"description\" content=\"Entain Group, a leading gambling operator, faces potential license revocation in the UK for repeated violations of market rules and regulations.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Entain Faces UK License Revocation Threat for Gambling Violations\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Entain Group, a leading gambling operator, faces potential license revocation in the UK for repeated violations of market rules and regulations.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Dreams Become Reality | Secure &amp; Licensed Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T17:17:23+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/\",\"url\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/\",\"name\":\"Entain Faces UK License Revocation for Gambling Rules Breaches\",\"isPartOf\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T17:17:23+00:00\",\"dateModified\":\"2024-06-27T17:17:23+00:00\",\"author\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Entain Group, a leading gambling operator, faces potential license revocation in the UK for repeated violations of market rules and regulations.\",\"breadcrumb\":{\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/2024\/06\/27\/entain-faces-uk-license-revocation-threat-for-gambling-violations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/clubplayernodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Entain Faces UK License Revocation Threat for Gambling Violations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/clubplayernodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/clubplayernodepositbonuscodes.icu\/\",\"name\":\"Where Casino Dreams Become Reality | Secure &amp; Licensed Games\",\"description\":\"Unlock the secrets of casino success through our fresh news, honest game reviews, and informative insights. 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