USA-Casino.com Report: 2022 Global Casino Industry Fines Reached $128M - Up 166%

Brands which suffered regulatory wrath include Betr, Betway, Draftkings, BetMGM, Unibet, LeoVegas, 888, PointsBet & more. Brands which suffered regulatory wrath include Betr, Betway, Draftkings, BetMGM, Unibet, LeoVegas, 888, PointsBet & more. Key failings by gambling companies identified by regulators in 2022 included: The largest gambling industry financial penalties of 2022 went to Star Entertainment Group (fined AU$100,000,000 by Australian regulators for license breaches that...

Brands which suffered regulatory wrath include Betr, Betway, Draftkings, BetMGM, Unibet, LeoVegas, 888, PointsBet & more.

Key failings by gambling companies identified by regulators in 2022 included:

The largest gambling industry financial penalties of 2022 went to Star Entertainment Group (fined AU$100,000,000 by Australian regulators for license breaches that included allowing money laundering to take place at its Sydney casino – also losing its license), and Entain – fined US$21 million (£17,000,000) – the largest fine in UKGC history, after the Commission found anti money laundering (AML) irregularities at Entain's Coral and Ladbrokes online businesses as well as several land-based betting shops.

As of October 2022, the UK's gambling regulator had charged 16 operators a total of $48m (£45m), with CEO, Andrew Rhodes, stating that "the message is starting to get through".

The narrative around gambling in the US has shifted dramatically recently, with critical coverage from the New York Times, Wall St Journal and other major media outlets highlighting the shortcomings of the industry.

Former US gambling-regulator Richard Schuetz spoke with USA-Casino.com and said that in the future he expects more fines, and more gambling-regulation in the US in 2023:

"Regulated gambling brands would be advised to be proactive about addressing any of their own deficiencies before the media and consumers do so, rather than expending their collective lobby efforts on 'The Straw Man' which they focus efforts on 'burning down' – offshore, international gambling operators... Many regulatory agencies are overwhelmed, and under-prepared for the challenges that come with regulating in the gambling space. It is imperative for gambling regulatory agencies to find the right people for the job – people with first-hand experience and understanding of the gambling industry – and whose prime directive is consumer protection, not quick and easy tax-profits."

With increased scrutiny and likely increases in cases of problem gambling it's quite likely that the global gambling industry will see a wave of new marketing and licensing regulations in 2023 - geared towards consumer protection.

View the full report and 2022 gambling industry fines data at USA-Casino.com.

About USA-Casino.com

USA-Casino.com is an independent American casino guide & casino news portal which provides detailed & up-to-date land-based and online casino information  - covering all 50 US states.

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