Videoslots Limtied has been ordered to pay £2 million after the UK Gambling Commission flagged social responsibility and anti-money laundering failures during an investigation that took place in February 2022.
The online casino operator was founded in 2011 and is headquartered in Malta. It is licensed by the Malta Gaming Authority, Swedish Gambling Authority, the UK Gambling Commission, the Danish Gambling Authority and the Italian Gambling Authority. It runs videoslots.com, videoslots.co.uk and mrvegas.com.
The UK Gambling Commission said the operator will pay the sum as part of a settlement with the authority. It also highlighted the following shortcomings:
Social responsibility failures included:
Anti-Money Laundering (AML) failures included:
Lastly, the UK Gambling Commission said that the entire settlement paid by Videoslots will go to socially responsible causes.
'The KSA has imposed upon our company a penalty that is both outrageous and unsubstantiated'
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