Regulators in Europe have fined gambling companies for record amounts

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In the first quarter of 2021, 13 gambling companies in the UK, Sweden and the Netherlands paid $33.5 million in fines for violating the law. Such information is provided in the Gambling Industry Fines report. The gambling fines counter indicates a sharp increase in fines for gambling companies compared to the previous three years. It is reported that the English state regulator in March 2021 fined the Casumo online casino $8.2 million. The reason for the sanctions is violations of the law on combating money laundering and rules that provide for the protection of players. Another large fine was imposed on the operator Snabbare Ltd (Sweden) for accruing bonuses to customers contrary to the law. The fine is $7.7 million. Another Swedish company, Hajper Ltd, was charged with similar violations and fined $5.89 million. In addition to these violations, regulatory authorities have recorded cases of the use of unlicensed domains. As My Lucky Story previously reported, in the UK, the regulator fined five casino operators for a total of 1.34 million pounds for violations of social responsibility and anti-money laundering protocols. In addition, the Swedish gambling regulator fined gambling brands of the ComeOn holding in the total amount of $21 million for accruing repeat bonuses to customers.

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