William Hill Owned Site, Fined Millions For Ignoring Addicts
- William Hill owned gambling site Mr. Green has been fined $3 million for the inadequate handling of gambling addicts.
- Mr. Green has also shown improper validation procedures for proof of income.
- The betting site was investigated by the Gambling Commission who discovered the systemic failings.
STOCKHOLM, Sweden - Online gambling site Mr. Green has been fined $3 million for systemic failings after being investigated by the Gambling Commission.
What was discovered in these findings was that the William Hill owned site had failed to adequately handle gambling addicts as well as prevent money laundering. The commission criticized Mr. Green for a bevy of transgressions that have caused harm to patrons.
Mr. Green is the ninth gambling company to be investigated and fined by the Gambling Commission since 2018, leading over $20 million in firm payouts.
Millions In Fines
The Gambling Commission dropped the hammer on Mr. Green after their lengthy investigation of the gambling operator.
It was discovered that Mr. Green failed to perform any checks involving a customer who won $50,000, blew it all in gambling, and then deposited thousands more. This is a violation of handling potential gambling addiction.
“Our investigation uncovered systemic failings in respect of both Mr. Green’s social responsibility and anti-money laundering controls which affected a significant number of customers across its online casinos,” said Richard Watson, executive director of the Gambling Commission.
“Consumers in Britain have the right to know that there are checks and balances in place which will help keep them safe and ensure gambling is crime-free – and we will continue to crack down on operators who fail in this area.”
The investigation also discovered the company's lack-luster source of funds policies as the gambling site accepted 10-year-old evidence of a $176,000 claims payout as satisfactory. In another instance, Mr. Green accepted a picture of a laptop screen on an alleged cryptocurrency trading account as enough proof for source of funds.
Gambling operators are required to confirm the patrons’ source of funds in an attempt to combat money laundering and gambling addiction.
Mr. Green joins owner William Hill, Sky Bet, 888, Paddy Power, and Ladbrokes Coral in a string of online casinos being fined following investigations by the Gambling Commission.
It has been a rough week for casino gambling operators as MGM Resorts suffered a lawsuit for data breach.
The UK has been cracking down on gambling operators aggressively. We will have to wait and see if any more names join the list.