In the United Kingdom and the Gambling Commission regulator has ordered online casino operator Daub Alderney Limited to pay a £5.85 million ($8.06 million) fine for breaches of its social responsibility and anti-money laundering procedures.

Daub Alderney Limited was purchased by British land-based gaming behemoth Rank Group in October of 2019 as part of an arrangement worth approximately £115 million ($158 million) and is now responsible for a plethora of iGaming domains including the likes of SpinAndWin.com, KittyBingo.com, RegalWins.com, Aspers.com, LuckyVIP.com, MagicalVegas.com and LuckyPantsBingo.com.

Historical infractions:

The Gambling Commission used an official press release to proclaim that the operator has also been issued with a ‘formal warning’ regar…

Entain published its 2023 financial report, and according to it, the company experienced a net loss of £936,5m (€1,09bn/$1,19bn). The main reason for this is an increase in its expenses, mostly due to the UK settlement with His Majesty’s Revenue and Customs (HMRC) and the Crown Prosecution Service (CPS). However, the gaming revenue increased by 11,1%.

Increased expenses: 

In 2023, net gaming revenue was £4,83bn. Other segments of business also recorded an increased revenue, including group revenue which was £4,77bn, 11% more than in 2022.

However, because of the settlement, th…