gambling commission fining operators millions but is it enough?

[Peter33]

uk gambling commission hit william hill with £19.2M fine and gamesys with £6M. record amounts but are these actually meaningful to massive gambling companies?

 

[chapman]

proper about time they started hitting these companies hard. been getting away with murder for years with tiny slaps on wrist

 

[firstleague]

i'd say these fines still fraction of annual revenue. william hill probably makes 19M in few weeks lol

 

[bill_collins]

William Hill revenue approximately £1.2B annually. £19.2M fine represents 1.6% of annual revenue - significant but not financially crippling for large operator.

 

[Patrick777]

lads at pub saying these fines are just cost of doing business. pay the fine, keep doing dodgy shit, rinse and repeat

 

[DagaW]

finally some actual enforcement. most of these operators deserve much worse

 

[nataly.k]

what were they fined for exactly? the articles mention "failures" but not specific violations

 

[Peter33]

@nataly.k william hill was anti-money laundering failures and not protecting vulnerable customers. gamesys had similar responsible gambling violations

 

[vogafox]

the vulnerable customer protection stuff is what gets me. these companies specifically target problem gamblers then act surprised when regulators catch them

 

[fluffy]

honestly good!! these companies make BILLIONS targeting people with addictions bb they deserve massive fines

 

[slotking]

from industry perspective those fines this size do impact operations. compliance departments getting much larger budgets after these penalties

 

[morgan_c]

Fine amounts calculated to appear substantial while maintaining industry viability. Regulatry capture prevents truly deterrent penalties that might threaten sector profitability

 

[chapman]

Fine amounts calculated to appear substantial while maintaining industry viability. Regulatry capture prevents truly deterrent penalties that might threaten sector profitability

mate just say they're in bed with the operators and be done with it. everyone knows commission is toothless

 

[M.Bato]

Enforcement pattern suggests regulatory evolution toward more aggressive penalties. However, fine structures remain calibrated to avoid systemic industry disruption rather than maximum deterrent effect.

 

[CatMatt]

honestly think they should revoke licenses instead of fines. losing ability to operate would actually change behavior

 

[Peter33]

@CatMatt exactly. take away their license for year and see how quickly they fix compliance issues

 

[aviator]

problem is uk gambling market too valuable. government won't kill golden goose even when operators break rules repeatedly

 

[Patrick777]

should be escalating penalties. first offense fine, second offense license suspension, third offense permanent ban

 

[pokerslave55]

these operators make billions ruining lives and get fined millions. math doesn't work out for real deterrence

 

[Lilah]

watching from australia. uk has much stronger regulation than most countries but still seems inadequate against massive gambling profits