William Hill sets aside £3m for imminent Gambling Commission enforcement
Operator flags expected fine for Mr Green brand following 2018 investigation
William Hill has made a provision of £3m ahead of imminent enforcement from the UK Gambling Commission over systemic compliance failings in its Mr Green business.
The operator – which reported its full-year financial results today – confirmed it soon expects to conclude a regulatory settlement with the UKGC in line with the £3m fine provision.
An online outlook section of the firm’s 2019 report read: “At the time of the Mr Green acquisition, the UK facing gaming business was subject to an investigation arising from systemic compliance failings following a corporate evaluation undertaken by the Gambling Commission in summer 2018.
“Since we completed our acquisition, we have implemented enhanced policies and processes designed to ensure that the business meets all requisite compliance standards.”
The compliance failings relate to Mr Green’s UK-facing gaming business.
On 4 February, Mr Green instructed UK-facing affiliate partners to cease casino advertising with immediate effect.