Bet365 pay the price for Regulatory Failures

[News Hound]

Bet365 has agreed to pay in excess of £500,000 after coming to a regulatory agreement with the United Kingdom Gambling Commission

Read the full article here: Bet365 pay the price for Regulatory Failures

 

[jasonuk]

So the cost of doing business once again... no surprises there sadly.

 

[thr0b]

Thought their free games had tightened up a bit in the last week or so.

 

[pinnit2014]

500K out of a fortune of 7.7 billion?

That gotta hurt ?

 

[satchnz]

More costs to eventually be passed onto us poor customers…

 

[judgenico]

More costs to eventually be passed onto us poor customers…

yep thats anothor rtp reduction right their

 

[jasonuk]

I doubt it, they won't care because it is a rounding error and will barely register on their balance sheet.

For 2022-2023 they made £3.39bn in revenue, although they posted an operating loss because the profits have either gone to the CEO as salary, or been invested in their expansion plans for new territories.

They will have made that £500k back in revenue in just 75 minutes... so no they won't care... and that's how they like it, pay a pitiful fine once every two years, continue to breach the rules at every opportunity.

 

[Webzcas]

In their defence, Bet365 have been pretty stringent in ensuring their compliance with any and all regulation across the board, whilst not excusing this particular event mind.

Just ask many of their historical affiliate partners whose accounts at bet365partners.com nee bet365affiliates.com that they closed down.

This is not a dig, just an observation.