William Hill Is Fined £6.2 Million
Nothing has been heard about William Hill for a long time. However, recently it became known that their bookmaker department received a fine of £6.2 million.
Punished for Irresponsibility
Bookmaker William Hill was punished for irresponsible behavior. From November 2014 to August 2016, the operator was violating the Anti-Money Laundering Act, and also was not following the social responsibility rules.
According to UKGC (United Kingdom Gambling Commission), William Hill was accepting inordinately high deposits for a total of £1.2 million from a group of people within the specified period of time. As it turned out, they were involved in a criminal organization and thus tried to launder the stolen money.
Deputy Leader of the Labour Party and shadow Culture Secretary Tom Watson stated on his Twitter:
William Hill fully admitted the guilt and fully cooperated with the UK gambling commission. The operator is waiting for a fine of £5,000,000 for breaking the law. Also, they will have to pay £1.2 million to the victims of the scammers.
A fine of six million pounds is by no means the worst thing that could happen to an operator. In fact, William Hill got off cheaply, as there are much larger fines in the gambling industry history. Take, for example, the story of 888 who were forced to pay $10,000,000 due to the programmers’ error. However, PokerStars will remain the leader in the matter of law violation as they had to pay $870 million to the state of Kentucky.