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Home General News UK Gambling Operator Gamesys Limited Penalized by the UK Gambling Commission

UK Gambling Operator Gamesys Limited Penalized by the UK Gambling Commission

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UK Gambling Operator Gamesys Limited Penalised by the UK Gambling Commission
UKGS Issues Penalty against Gamesys Limited

In its home country, Gamesys Limited has been penalized by the United Kingdom Gambling Commission for breaching the commission’s rules on social responsibility and money laundering. The company is a member of the Gamesys Group which is one of the most prominent United Kingdom-based software operators and developers. The company currently operates a number of real money slot machines in the United Kingdom as well as several social platforms which are also active outside the UK’s borders.

Gamesys Limited is best known for their bingo and casino sites which work on all sorts of gaming devices including web and mobile. As of recently, the company alongside Facebook has launched its very first real money gaming apps which can be downloaded to Android and iOS-powered smartphones and tablets. The company has been present in the iGaming industry since 2001 when Andrew Dixon, Robin Tombs, and Noel Hayden get together with the same vision and goal.

Gamesys Limited currently employs more than one thousand professionals in different fields. The company has more than forty million users from all over the globe. Throughout recent years, Gamesys Limited has partnered with many other big brands in the industry such as Tropicana Entertainment, Caesars, Virgin Games, and Heart. Currently, the Gamesys Group includes Mice and Dice Ltd, Leisure Spin Ltd, Nozee Limited, Gamesys Spain Plc, Profitable Play Ltd, Entertainment Play Limited and Gamesys Limited.

Gamesys Limited Ordered to Pay a £1.15 Million-Worth Fine

As announced recently, the company has been ordered to pay a staggering fine of around £1.15 or $1.45 million after the United Kingdom Gambling Commission have found out that Gamesys Limited has breached its rules on several different accounts including social responsibility and money laundering. The UK regulator in its official press release stated that the UKGC had conducted a detailed investigation into the Gamesys Limited operations.

This was fueled by a certain police inquiry which had discovered several instances where customers had wagered stolen money on the Gamesys Limited-operated JackpotJoy.com two years between 2014 and 2016. The amount of stolen money gambled here totals to £460,472 or $583,749. The United Kingdom Gambling Commission further added that these specific instances had represented a huge breach of the commission’s regulations related to anti-money laundering.

The regulator in its official press release also stated that Gamesys Limited had failed when it comes to efficiently discover the core source of these fraudulent activities happening on its website. This naturally leads to a series of issues related to players’ protection. The official press release also states that the company’s lack of intervention after discovering fraudulent activities on its website had actually exhibited behavior which could potentially trigger more damage than that is already done.

Gamesys Limited Has to Return the Stolen Money 

As a part of the settlement between the UK Gambling Commission and Gamesys Limited, Gamesys has to return the stolen money which was gambled on its website to its owners. Moreover, the company also has to hand over $874,783 or £690,000 in lieu. Following these events, the commission’s executive director, Richard Watson said that his group intends to use this settlement to accelerate the establishment of the commission’s National Strategy to Reduce Gambling Harms which is specifically tailored to diminish any kind of fraudulent activities and gambling harms.

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