UK fines Ladbrokes €6.4m over problem gamblers

The UK has fined bookmakers firm owner GVC £5.9m (€6.4m), after its Ladbrokes unit failed to keep track of problem gamblers.

The fine, following recent legislative scrutiny in Britain on addiction and problem gambling, marks a step-up in anti-money laundering oversight and bookmakers, said Kyle Phillips, director of corporate and financial crime at law firm Fieldfisher.