Uploaded August 2026 | Updated September 2026, 2 weeks ago
An online gambling business is to pay more than £600,000 after an investigation revealed anti-money laundering and social responsibility failures.
QuinnBet (Gibraltar) Limited - which runs quinnbet.com - will make a payment of £609,104 as part of a regulatory settlement with the UK Gambling Commission.
The company lists its head office at Cannon Lane in Gibraltar.
The Gambling Commission found ineffective controls meant signs of potential gambling harm - including high deposits and increasing stakes - were not always flagged for manual review.
In one example, a customer placed around 4,800 bets in one day and 7,000 the next.
Another customer’s stakes escalated to more than £215,000 in a single day, with multiple bets over £5000.
Anti-money laundering failures included allowing customers to deposit significant sums without their source of funds being established.
In one case, a customer whose payslips showed monthly earnings of around £2,000 was able to deposit and lose £9,000 in four days.
Most of the £609,104 payment will go to the UK Government’s Consolidated Fund. It also includes £193,118 in disgorgement.
QuinnBet will also contribute towards the Gambling Commission’s investigation costs.
The Commission’s Director of Enforcement, John Pierce, said QuinnBet had taken "immediate action to make significant improvements to its systems and controls".
He warned other operators to "learn from this case" and avoid making the same mistakes.
QuinnBet is currently advertising for a Safer Gambling Agent in Gibraltar - a role it says will help strengthen its responsible gambling initiatives and ensure regulatory compliance.
An online gambling business is to pay more than £600,000 after an investigation revealed anti-money laundering and social responsibility failures.
QuinnBet (Gibraltar) Limited - which runs quinnbet.com - will make a payment of £609,104 as part of a regulatory settlement with the UK Gambling Commission.
The company lists its head office at Cannon Lane in Gibraltar.
The Gambling Commission found ineffective controls meant signs of potential gambling harm - including high deposits and increasing stakes - were not always flagged for manual review.
In one example, a customer placed around 4,800 bets in one day and 7,000 the next.
Another customer’s stakes escalated to more than £215,000 in a single day, with multiple bets over £5000.
Anti-money laundering failures included allowing customers to deposit significant sums without their source of funds being established.
In one case, a customer whose payslips showed monthly earnings of around £2,000 was able to deposit and lose £9,000 in four days.
Most of the £609,104 payment will go to the UK Government’s Consolidated Fund. It also includes £193,118 in disgorgement.
QuinnBet will also contribute towards the Gambling Commission’s investigation costs.
The Commission’s Director of Enforcement, John Pierce, said QuinnBet had taken "immediate action to make significant improvements to its systems and controls".
He warned other operators to "learn from this case" and avoid making the same mistakes.
QuinnBet is currently advertising for a Safer Gambling Agent in Gibraltar - a role it says will help strengthen its responsible gambling initiatives and ensure regulatory compliance.
