QuinnBet, the online betting business established by the family of the former billionaire industrialist Sean Quinn, has been reprimanded by the UK’s Gambling Commission and will pay more than €710,000 to avoid a formal sanction. The gambling company founded by Sean Quinn will pay £609,104 (€710,397) in a settlement, rather than be slapped with a penalty, over issues related to anti-money laundering checks and oversight of vulnerable customers. The commission found QuinnBet (Gibraltar) Limited, the operator of the gambling platform, was in breach of the Licence Conditions and Codes of Practice and Social Responsibility Code Provisions. The decision states that…

Want to continue reading?

Join today with an Annual membership and unlock full access to The Currency and The Wall Street Journal for just €200 – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .