UK Gambling Commission Fines Stake.com Operator for $394K
Lina Almans
20 June 2022
Comment 0
The UK Gambling Commission (UKGC) has fined TGP Europe Limited, operator of several gambling brands in the UK, for a total of $394K.
TGP Europe manages 19 gambling sites operating under a White Label* solution, including the popular brand Stake.com, which was launched in the UK market in late 2021.
The fine was imposed due to violations related to social responsibility and anti-money laundering measures by TGP Europe.
One of the issues identified was allowing customers to continue gambling despite multiple warnings about their unsafe gambling behavior.
The company also failed to implement an adequate system for assessing the risks of money laundering and terrorist financing, which could allow players to use fake or stolen documents to gamble.
As a reminder, there have been suggestions of potential links between TGP Europe and Alvin Chau, the “junket king”, who was sentenced to 18 years in prison in China.
*White Label is a business solution that grants an operator access to a fully prepared gambling resource for launch.
Best Bonuses
Win Win Promo Code – Valid Bonus Code Today
Active Until: 22.12.2028
Get 100% first-deposit bonus for sports betting, followed by extra bonuses on the 2nd, 3rd and 4th deposits after the welcome bonus has been wagered.
BitStarz Bonus Code – Welcome Bonus
Active Until: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Active Until: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Active Until: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Active Until: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Active Until: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
