Stride Gaming Prepares to Be Handed £4 Million Fine

This story was published more than 5 years ago.

Internet betting group Stride Gaming has set aside £4 million to pay a fine that it expects to be handed down by the UK Gambling Commission.

The announcement was made in Stride's latest trading update, revealing that one of their subsidiaries was operating in the UK but circumventing some of the laws that it was obligated to abide by. The company said that this is due to a "backdrop of more challenging trading conditions", while also stating that the company was "implementing further measures to ensure that Stride continues to maintain high standards in the provision of responsible gaming."

The potential fine would be one of the largest in the UKGC's history, coming after 888 Holdings was fined £7.8 million and the £6.2 million penalty paid by William Hill.

It's thought that one of Stride's subsidiary betting sites was found to be out of compliance in regards to the UK's anti-money laundering and social responsibility controls. No official word on what the violations are was available as of press time, but Casino Listings will update this story as we learn more.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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4 October 2018 - 6:39pm

You don't want be it that list as a company, with the record fines I mean but obviously they're ready for it and quite aware it can't be avoided.
First time (for me anyway) hearing of a brand so willing to pay it's fines before even being imposed.