The UK Gambling Commission has hit an online gaming operator with a hefty fine, and this one is important to take into account.
Following a two-year-long investigation, Genesis Global was fined £3.8 million for what the Commission has described as multiple money laundering and social responsibility violations.
This is not the first time that Genesis Global has had a brush with the UKGC. Back in 2020, its licence was suspended following an investigation into similar breaches. It was able to resume operations following three months of closure, but the company has reportedly fallen back into old habits.
UKGC Issues a Stark Warning
The Commission has also issued a warning to the gaming sector, stating that it will use all instruments at its disposal to ensure client safety, as it remains committed to responsible gaming.
It seems that the case at Genesis Global has left a sour taste in the mouth of the UKGC, particularly given the scope of the findings. In one of the reported money-laundering breaches, a player deposited over £1.3 million and made losses of around £590,000, all the while against a reported gross player income of £27,000.
The case at Genesis Global should serve a stark warning to all leading UK casino online operators, that they must ensure that they strictly adhere to all rules and regulations.
The UKGC is also experiencing a bit of heat during the first months of 2022. The regulator is currently facing pressure from the Parliamentary All Party Betting and Gaming Group (APBGG), which is claiming that the UKGC is being too heavy-handed.
The APBGG is claiming that the regulator is overreaching, with evidence in hand that shows an urgent need for operational changes. These will ensure that UK consumers continue to gamble at regulated outlets, and not turn to black market operators.
However, there is new gambling regulation that is expected in the coming months, so there are no major changes expected at the UKGC for the time being.
One of the most well-known game providers in the online casino industry, Microgaming, has taken a step towards supporting more charities in 2021.
Preceding a donation that Microgaming made to the Gordon Moody Foundation last year – a foundation helping gambling-addicted manage their addiction through treatment and therapy services – the game provider made many other contributions this year.
The contributions were made in support of not only individuals, especially women, addicted to gambling, but also families impacted by their loved ones’ gambling addictions.
Microgaming has offered support to a number of different digital projects, including offering financial support for GamCare National Helpline’s month-long campaign earlier this year (2021).
The slot provider also extended financial support towards the creation of educational videos for the mental health charity The Beacon Trust, as well as the Young Gamers and Gamblers Education Trust.
Microgaming’s PlayItForward CSR programme is now in its seventh year running and has made it one of its top priorities to continue to support both local and international community projects.
The popular game provider’s CEO, John Coleman, expressed, “We’re proudly standing in solidarity with all areas of our industry to support the Safer Gambling Week initiative, with a calendar of events to promote the Responsible Gambling message across our business. Of course, it’s a conversation our industry should be having all year around, and one which we are committed to being a part of.
I’m proud we have been able to support the invaluable work of a range of gambling-related research, education, and treatment charities throughout 2021.”
The leading game provider – well-known for slots like Immortal Romance, Book of Oz, and Mega Moolah, which you can play at many of the online casinos in our catalogue – has also shown a tremendous initiative in areas such as sports and health through its CSR programme and only hopes to continue to extend its reach.