Regulation

Winner and Titanbet owner closes in UK over GC probe into VIP failings

Playtech-owned operator surrenders licence after investigation rather than face £3.5m penalty over “serious and unacceptable” failures in AML and social responsibility

PT Entertainment Services (PTES) has surrendered its UK licence following a UK Gambling Commission (UKGC) investigation that uncovered “serious and unacceptable” failures in its treatment of VIPs. The company, owned by Playtech, operates the Titanbet and Winner brands from its headquarters in the Isle of Man. An investigation was launched by the UKGC in March…

Gambling Commission | Online gambling | Playtech | Problem gambling | Regulation | Sports betting | UK | VIPs

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