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Online Casinos Fined Over $1 Million For Betting Failures And Anti-Money Laundering Violations

A remote bookmakers licence holder from Ireland who operated an internet casino was fined over €1 million in the UK for bad bets. Due to violations of anti-money laundering and social responsibility laws, LeoVegas must pay a hefty fine.

Additionally, the operator, who manages the websites leovegas.com, slotboss.co.uk, pinkcasino.co.uk, betuk.com, and 21.co.uk, will get a formal warning and go through an audit to make sure it adheres to policies and procedures moving forward.

“We will continue to take action against additional operators if they do not learn the lessons our enforcement work is giving,” said Leanne Oxley of the UK Gambling Commission.Failures included not acting on its policy of interacting with customers “exhibiting symptoms of damage” and setting spend triggers for a customer review “much higher” than necessary.

In order to “actively manage money laundering and terrorist financing threats,” it also set unrealistically high financial triggers for anti-money laundering inspections.The most recent fine, according to Barry Grant of Extern Problem Gambling, is the “latest in a long line.”

“The Commission issued €38 million in fines to corporations in the most recent financial year, many of whom have operating permits in Ireland,” he continued.”The government must act quickly to establish a gambling regulator.”

Shocking videos from other locations depict the devastation caused by flash floods that once again struck renowned casinos on the Las Vegas Strip on Thursday night.

A few of the most renowned casinos, including Circa Resort, Caesars Palace, Planet Hollywood Casino, and the LINQ Hotel, were flooded by monsoon rains barely two weeks before to the natural disaster.

Intense video of water gushing into casinos and flooding blackjack tables in the crowded Nevada city was shared on social media by users.One Twitter user tagged the renowned casino Planet Hollywood and said, “You’re not going to believe this, but I’m not sure if it’s raining more inside @PHVegas or outside.”

The National Weather Service reported that Las Vegas received.58 inches of rain on Thursday, bringing the season’s total rainfall to 1.28 inches.

Two weeks ago, when the previous floods occurred, witnesses recorded videos of the damage along Las Vegas Boulevard to social media.Water can be seen accumulating on the floor after breaking through a screen at Circa Resort & Casino in one video.

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