Gambling Industry Fines up by 12.1% in First Half of 2024

The first six months of 2024 saw global gambling regulators issue fines totaling $85.3 million (£67 million / €79.3 million) marking a 12.1% increase on the same period in 2023, according to our Gambling Fines & Sanctions Tracker

The majority of financial penalties stemmed from anti-money laundering (AML) and social responsibility failures alongside various breaches of gambling operators’ licensing conditions.

Australian gambling regulators were responsible for the highest total of fines with $44.9 million across the first half of the year.

The largest financial penalty was the AU$67 million fine ($44.6million / £34.9 million / €41 million) levied on SkyCity Adelaide Pty Ltd following proceedings initiated by the Australian Transaction Reports and Analysis Centre (AUSTRAC).

2024 H1 Gambling Industry Fines

• Total Amount Fined – $85,341,397 / £67,020,682 / €79,361,467 – up by 12.1% year-on-year
• Number of Fines – 21
• Largest Fine – $44,647,948 / £34,922,827 / €41,538,557

Fines by Country

• Australia – AUD$67.5 million / $44.9 million / £35.1 million / €41.7 million
• Netherlands – $21.6 million / £17.1 million / €20 million
• UK – $8.3 million / £6.5 million / €7.7 million
• United States – $7.8 million / £6.1 million / €7.25 million
• Italy – $1.4 million / £1.1 million / €1.35 million
• Sweden – $1.06 million / £838,646 / €986,201

Figures for the first half of 2024 have dropped by 77% compared to the second half of 2023. However, 2023’s second half figures were largely inflated by the settlement agreed by Crown Resorts and The Australian Transaction Reports and Analysis Centre (AUSTRAC) that saw the casino operator pay AU$450 million ($309.9 million / £244.5 million / €275.3 million).