Grosvenor owner Rank pays £5m penalty for casino failures
The Gambling Commission said unclear controls led to poor risk checks and missed safer gambling interactions for customers, including one using cryptocurrency assets.
- Three Rank Group casino operators must pay a £5 million penalty after the Gambling Commission found anti-money-laundering and safer-gambling failures.
- The operators run 51 casinos across Britain.
- The regulator found inadequate checks involving high-risk customers, including one using cryptocurrency and another identified as a student from China.
- The Commission found missing safer-gambling interactions after a customer won about £260,000 and then lost about £250,000.
7 Articles
7 Articles
Rank Group agrees to pay $6.6M to UKGC over AML and safer-gambling failings
Three land-based casino operators owned by Rank Group have agreed to pay a financial settlement of more than £5 million ($6.6 million). The agreement followed the UK Gambling Commission's identification of significant failings in anti-money laundering (AML) and safer-gambling controls. The regulator has urged retail operators to review their compliance arrangements after it reached the £5,012,261...
Rank Group agrees to hefty GC settlement following AML and social responsibility failings
Rank Group has agreed to a £5m regulatory settlement with the UK’s Gambling Commission after an investigation revealed anti-money laundering (AML) and social responsibility failings. The LSE-listed business, which owns the Grosvenor Casino, Mecca Bingo and Enracha brands, revealed in its full-year results in August that it had already set aside this exact amount of […]
Three national land casino operators of the Rank Group PLC group will pay £5 million after an investigation by the Gambling Commission has established deficiencies in anti-money laundering and social responsibility. Grosvenor Casinos Limited, Grosvenor Casinos (GC) Limited and Gaming Group Limited, which manage a total of 51 casinos in Britain, will also be [...]
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