Global Gambling Fines Rise 12% In H1 2024 To $85m

Penalty on calculator

Gambling regulators globally issued $85m in fines to errant operators in the first half of 2024, a 12.1% enhance year-on-year. [Image: Shutterstock.com]

Gambling regulators internationally are continuing to crack down on errant operators, handing out hefty monetary penalties if they fetch out of line. The total cost of the penalties issued in the first half of 2024 reached US$85m, representing a 12.1% year-on-year enhance.

had to pay AU$67m (US$44.5m) as fragment of an AUSTRAC money laundering case

The biggest of the 21 fines became once for SkyCity in Australia, which had to pay AU$67m (US$44.5m) as fragment of an AUSTRAC money laundering case that uncovered cases of mortgage sharking, links to organized crime, and human trafficking.

The Dutch authorities had been 2d at the aid of Australia in the size of penalties they issued, followed by the UK Gambling Price, and regulators all the map thru the US.

Essentially the most typical blueprint of yell that outcomes in motion in opposition to an operator relates to social responsibility or anti-money laundering (AML) screw ups. Regulators are ensuring that licensees are fully compliant with these requirements and that efficient participant protection measures are in role.

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