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Violation Tracker UK Individual Case

Company: Ladbrokes Coral Group
Current Parent CompanyEntain PLC
Parent at the Time of the Penalty Announcement: Entain PLC
Penalty: £5,900,000
Year: 2019
Date: 31 July, 2019
Offence Group: consumer-protection-related offences
Offence Type: gambling industry violation
Violation Description: Ladbrokes Coral Group agreed to pay £4.8 million in lieu of a financial penalty and divest £1.1 million that was resonably suspected to be Proceeds of Crime, in settlement of a finding by the Commission that Ladbrokes and Coral had failed to put into place effective safeguards to prevent customers suffering gambling harm and against money laundering.
Action Type: agency action
Settlement Type: Regulatory Settlement with payment in lieu of penalty
Agency: Gambling Commission
HQ Country of Parent: Isle of Man
Ownership Structure of Parent: publicly traded
Major Industry of Parent: entertainment
Specific Industry of Parent: sports betting
Source of Data(click here)