Sports betting has only been up and running in the state since January 1st, but already we’ve seen huge fines for DraftKings and Barstool Sports in Ohio. All together, the Ohio Casino Control Commission has collected $900,000 in fines just this year for a variety of violations. First, the fines for DraftKings stem from a direct mail campaign in the state which ended up being sent to some young adults under the legal gambling age. It seems that some of those on the list were not yet 21 years old. There were also violations for not including a problem gambling…

The UK Gambling Commission has issued 888 Holdings a fine of more than $10 million as a result of “failings” in its handling of vulnerable customers. In a statement published earlier on the UKGC website, the national regulatory body said the fine represents a record financial penalty and follows the discovery of “significant flaws” in 888’s social responsibility processes. The UKGC, which announced in May that it was to review 888’s UK license, found that a technical failure in the operator’s systems meant over 7,000 customers who had chosen to self-exclude from the casino and sport platform, as well as…

New Jersey online gambling regulators have issued a PokerStars fine of $25k for failing to ensure that out-of-state players couldn’t play on PokerStars New Jersey site. The fine was issued to Canada’s Amaya Gaming, who own PokerStars. On Wednesday, the New Jersey Division of Gaming Enforcement (DGE) published a January 20 decision detailing how a “software flaw” enabled out-of-state patrons to gamble at PokerStarsNJ.com, in violation of the DGE’s strict intrastate gambling rules. The DGE said its investigation had revealed that “a limited number” of patrons had been allowed to wager while outside New Jersey’s borders “for a short period…

US financial services company Western Union has agreed to pay a federal penalty of $586 million (€545.2 million) after admitting to clearing transactions related to illegal online gambling activities. According to the Financial Times newspaper, Western Union allowed agents to send money to illicit internet gaming operations in Costa Rica, thus violating US laws regarding anti-money laundering. Western Union pleaded guilty to the named violations, which included “aiding and abetting wire fraud”, as well as failure to maintain an effective campaign in regards to anti-money laundering activities. The company has also agreed to have its financial transactions monitored by an…

Billionaire Sheldon Adelson’s casino company is paying almost $7 million to U.S. authorities to end a more than five-year corrupt practices investigation of the firm’s former relationship with a consultant in Macao and China, company and federal officials said Thursday. With the agreement, Las Vegas Sands Corp. resolved twin probes of more than $60 million paid to an unnamed agent retained in 2006 to acquire a Chinese basketball team, plus other business dealings that include a Beijing real estate deal to promote casinos on the Cotai Strip of Macao, U.S. Justice Department and FBI officials said. The $6.96 million penalty…

Casino tycoon and billionaire Steve Wynn is no stranger to lawsuits or controversy as Wynn Resorts and Steve Wynn have had their fair share of battles over the years. What Wynn is not accustomed to is losing and that is exactly what happened with his lawsuit against James Chanos, a hedge fund manager and the founder of Kynikos Associates. It all started on the UC Berkeley campus in 2014 during the Logan Symposium investigative journalism conference where Chanos said he had shorted Macau casino operators because he was worried about violations of U.S. anti-bribery laws and the general way business was done…