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Entain hit with record-setting Gambling Commission fine
Less than a week after hitting the online sportsbetting exchange at Smarkets.com with a six-figure fine and the United Kingdom’s Gambling Commission regulator has now reportedly ordered Entain to pay a penalty of £17 million ($20.4 million).
According to a report from the Financial Times newspaper, the record-setting punishment for the owner of the Ladbrokes and Coral chains of retail sportsbetting outlets comes after an official investigation uncovered a series of social responsibility and anti-money laundering failures linked to the firm’s LC International and Ladbrokes Betting…