customers starting in April<\/a>.<\/p>\nCompelling Evidence<\/h2>\n
In its investigation into Mr Green, the UKGC found multiple examples of anti-money laundering and social responsibility violations.<\/p>\n
\u201cIn particular, the investigation found that Mr Green had failed to provide social responsibility interaction with a customer who won \u00a350,000, but then gambled it away and deposited thousands more pounds; took 10-year-old evidence of a \u00a3176,000 claims payout as satisfactory evidence of source of funds from a customer who had deposited over \u00a31 million; and accepted a photograph of a laptop screen showing currency in US dollars on an alleged crypto trading account as adequate evidence of source of funds,\u201d according to Moody’s.<\/p>\n
The research firm did not say William Hill, which has a \u201cBa1\u201d grade with a negative outlook, is in imminent danger of a downgrade. Moody’s \u201cBa\u201d ratings imply \u201cspeculative elements and are subject to substantial credit risk.\u201d <\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"A recent $3.84 million penalty levied by the UK Gambling Commission (UKGC) against online gaming firm Mr Green could pose some risk for parent company William Hill Plc if the matter isn’t resolved, according to a ratings agency. Last month, the UKGC hit Mr Green with the fine because of what the commission called \u201csystemic […]<\/p>\n","protected":false},"author":46,"featured_media":128651,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,13592],"tags":[],"acf":[],"yoast_head":"\n
Mr Green Fines Could be Problematic For William Hill, Says Moody's<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n