• April 19, 2024

Petfre (Gibraltar) Limited ordered to pay £2.87 million Gambling Commission fine

In the United Kingdom and the Gambling Commission regulator has announced that it has hit the operator behind the Betfred.com and OddsKing.com iGaming domains with a fine of £2.87 million ($3.12 million).

The watchdog used a Wednesday press release to detail that the penalty against Petfre (Gibraltar) Limited was imposed after an official investigation turned up a number of anti-money laundering and social responsibility failures. The regulator stated that the punishment comes about a month after it reprimanded iGaming operator SpreadEx Limited to the tune of £1.36 million ($1.61 million) and also encompassed the issuance of an ‘official warning’.

Deficient defense:

The Gambling Commission declared that the social responsibility …

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