The Gambling Commission has fined Casumo with £6m ($8.23m) on the basis of 2019 review.
The review reflected that Casumo has defaulted in various social responsibility and financial procedures. The operator stated that it acknowledges and accepts its shortcomings in fulling implementing and executing necessary measures.
The audit was carried for a period of October 2019 and January 2020 which reflected failure of the company in interacting with problem gamblers and providing inadequate checks of documentation.
As per Gambling Insider, Suter-Hadad, CEO said: “Since joining Casumo last year, my focus has been on putting in place a new senior leadership team and Personal Management Licence holders with extremely strong industry experience, and the knowledge and expertise to ensure we are a compliance-led business.
“In addition, recognising that key processes fell short in the past, I took immediate action to implement fundamental operational changes, so that Casumo is now a gaming group with compliance and responsible gambling at the heart of its business and culture.”