Leading iGaming and sports betting operator bet365 has been slammed with a penalty in New Jersey where it operates in partnership with the Hard Rock Hotel & Casino. The gambling company was accused of taking bets on events that had already been concluded, in violation of local regulations.
As a result of its violations, the gambling operator was handed a $33,000 fine.
Bet365 Had Accidentally Listed a Replay on Its Sportsbook
The New Jersey Division of Gaming Enforcement (DGE) understood that bet365 took wagers on a mixed martial arts match that had actually taken place the previous week. As it turned out, bet365 had listed the replay of the event on its sportsbook.
In addition to that, bet365 was accused of offering prohibited wagers between February 3, 2022, and January 23, 2023.
Mary Jo Flaherty, interim director of the DGE, pointed out that the regulator agreed to settle the violations with bet365 thanks to the operator’s immediate remedial action. As a result, she issued a civil penalty in the amount of $33,000 to bet365.
The money will be sent to DGE’s Revenue Unit.
Not Bet365’s First Violation
A month ago, bet365 was lambasted by the DGE over other violations and forced to pay out $519,000 to its players. The order stemmed from bet365’s decision to revisit its odds without first notifying the regulator.
The state authority understood that bet365 had, between 2020 and 2022, “unilaterally revised odds for a significant number of wagers.” This happened after bet365 was provided with incorrect odds by its partners, prompting it to make the changes.
While the DGE agreed that the operator could alter the odds, it noted that such a move should have been first consulted with the regulator.
Back then, Flaherty said that the failures “are problematic as to bet365’s business ability to conduct online gaming and the integrity and reliability of its operational systems.”
In the meantime, bet365 was just selected as a sponsor of the UEFA Champions League, marking the first time the league has had a betting sponsor. As per the deal, the operator’s branding will feature across stadium LED boards, media backdrops and UEFA’s digital channels.
