The Gambling Commission has handed Casumo a financial penalty of £6m ($8

The Gambling Commission has handed Casumo a financial penalty of £6m ($8.23m) followers a 2019 review.

Casumo has been assessed to have got failed in a series of social responsibleness and financial procedures. The operator says it has acknowledged the determination and “accepts its shortcomings inward fulling implementing and executing necessary measures”.

The breaches were highlighted in an audit which was conducted 'tween October 2019 and Jan 2020. The scrutinize analysed the rapid growth Casumo had experient when starting up.

The Gambling Commission found the operator was weakness inwards interacting with problem gamblers, non checking sources of cash in hand expeditiously and providing inadequate checks of documentation.

The Gambling unfaltering hired a new CEO to help mitigate these issues, as Shelly Suter-Hadad was brought due to her see inwards building compliance-led gaming groups and functioning control.

Suter-Hadad said: “Since connection Casumo shoemaker's last year, my centering has been on putting inward put a unexampled senior leadership team up and Personal Management Licence holders with super warm manufacture experience, and the knowledge and expertise to ensure we are a compliance-led business.

“In addition, recognising that cay processes drop unforesightful in the past, i took prompt litigate to implement fundamental frequency in operation(p) changes, so that Casumo is at present a gaming radical with compliance and responsible for(p) gambling at the pump of its stage business and culture.”

The Commission has observed thither has been an advance inward policies and processes with the hiring of Suter-Hadad.

Although a penalty has been handed out, Casumo will hold its play licence and has been allowed to carry on offering its services to UK customers.

As voice of the licence, Casumo has been instructed to hire independent auditors.