PADDY POWER: GAMBLER LOST HIS HOME, JOBS AND FAMILY

 


Bookmaker Paddy Power encouraged a problem gambler to keep betting until he lost five jobs, his home and access to his children, according to a report by the Gambling Commission. 


The company also failed to perform sufficient checks to ensure customers were not using its betting machines to launder the proceeds of crime. The betting regulator said Paddy Power would make a voluntary payment of £280,000 to a “socially responsible” cause following its findings.


Paddy Power will also review procedures designed to prevent money laundering and problem gambling and agree to share details of its own failings with the rest of the industry. But politicians and campaigners called for a review of the industry following the report, as they warned of an out of control gambling epidemic in the UK.

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