You Win Some, You Lose Some; Lindar Media and the Gambling Commission Agree to a Regulatory Settlement

You Win Some, You Lose Some; Lindar Media and the Gambling Commission Agree to a Regulatory Settlement

you-win-some,-you-lose-some;-lindar-media-and-the-gambling-commission-agree-to-a-regulatory-settlement

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In September of 2022, the Gambling Commission conducted a compliance assessment and initiated a licence review into Lindar Media’s operations. After acknowledging the shortcomings and proactively presenting an action plan to the Commission, the operator has agreed to pay a regulatory settlement.

The Gambling Commission acknowledged Lindar Media’s transparency, cooperation and proactive approach to rectifying the failings; noting the shortcomings predate the many changes made to the safer gambling and anti-money laundering (AML) processes that have been introduced since the audit period. Lindar Media was also noted to be making significant efforts towards addressing some of the failings before the investigations were finalised. None of the failings showcased evidence of criminal spending within Lindar Media or that there was any financial upside for the business as a result.

The Chief Executive Officer for Lindar Media, Savvas Fellas, commented on the evolution of Lindar Media since 2022 by saying: “My focus since 2022 has been centred around maturing the day-to-day operations through the development of the senior leadership team. We’ve implemented scalable processes that provide consistency as we grow andbuilt technology-driven models that underpin compliance and safer gambling promises to our players; all of which are aligned with our mission of offering progressive, value entertainment with delight and transparency.”

Since 2018, MrQ.com has strived to push boundaries and redefine what it means to be a casino brand. Growing from a small team of professionals with ambitious visions, the brand has been working meticulously to keep up with the demands of the industry. The failings listed by the Gambling Commission took place during a period of exponential growth with the investigations being conducted prior to the organisation’s implementation of its core senior leadership team. Significant investments were allocated to AML and safer gambling to raise the standards of the policies and procedures that guarantee MrQ continues to be a reference of excellent practice within the industry.

Lindar Media shares the Commission’s commitment to improve compliance standards across the industry and continues to work proactively with the Gambling Commission to ensure these oversights are not repeated.

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Source: Eastern European Gaming