Compliance Updates

BetVictor Hit with £2M UKGC Fine

Published

3 years ago

February 25, 2022

Niji Narayan

Reading Time: < 1 minute

BV Gaming Limited, trading as BetVictor, is set to pay a total of £2 million ($2.7 million) in regulatory action after an investigation led by the UK Gambling Commission (UKGC) revealed fairness, social responsibility and money laundering failures.

The operator, which runs a series of sites – betvictor.com, betvictor.mobi, hbingo.co.uk, heartbingo.co.uk and parimatch.co.uk – will pay the money as part of a settlement with the Commission.

The settlement money will go to the National Strategy to Reduce Gambling Harms.

Leanne Oxley, Gambling Commission Director of Enforcement, said: “As a gambling regulator our focus is on ensuring that gambling in Britain is fair, safe and crime-free, and BetVictor failed consumers by breaching rules aimed at achieving these objectives.

“Non-compliance – no matter what the reason – will never be a viable business option for gambling businesses. We will always be tough on operators who fail in this way.”

Related Topics:BetVictor BV Gaming Limited Leanne Oxley UK Gambling Commission UKGC

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.