Unlicensed online casinos face $5million fine in gambling crackdown

Under the recently proposed regulations, operators of online casinos risk fines of up to $5 million for establishing an unlicensed website.

The government would only ever grant 15 licenses under the plan, and a public registry of authorized brands would be kept up to date.

Rule-breakers risk losing their licenses in other countries after receiving take-down notices and being referred to foreign regulators.

 

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The newly proposed regulations for online casinos aim to crack down on unlicensed operations, with fines reaching up to $5 million for those found running unauthorized websites. Under the plan, only 15 licenses will be granted, and a public registry of approved brands will be maintained to ensure transparency. Operators who break the rules face severe consequences, including the potential loss of licenses in other countries, as they will be reported to international regulators following take-down notices. This approach emphasizes stricter control and accountability in the online gaming industry.