Bet365 Fined Again in NJ for Unauthorized Bet Changes

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00:00Meanwhile, another fine for them along the same lines in New Jersey.

00:07What happened here?

00:08Yeah.

00:09And we just reported on this yesterday, Craig.

00:11Bet365 has now twice in the last two months, it was in July and then again in August, that

00:18they were fined for doing just this in New Jersey, for changing bets after the fact without

00:25New Jersey's permission.

00:29And they're not happy about that.

00:31New Jersey is not happy about that, that this is a consistent issue for Bet365 because we're

00:38not talking about a small sportsbook here that doesn't have the money or the capacity

00:43to make sure that all of their markets are correct.

00:46Bet365 is potentially the biggest regulated sportsbook in the world.

00:53They make money hand over fist.

00:55It's owned privately by Diane Coates in the UK.

01:00They're not hurting for money.

01:01They're not hurting for resources.

01:04And yet now they've been fined, I think it's about $550,000 over these two different fines

01:12from New Jersey for changing bets after they have been placed and after they should have

01:19settled without New Jersey Gaming and the Attorney General's office oversees that.

01:23We reached out to them as well.

01:24And they did not comment on whether Bet365 would be facing some kind of backlash or some

01:30kind of fine that they have to pay for doing this with Mason.

01:36Because remember, it's not that they said, well, we might, no, they sent out the email

01:41saying we are going to settle these bets this way.

01:46And so we can't say, you know, they came to their senses and decided not to do it.

01:51Well, no, they did do it.

01:53And maybe somebody said, hey, wait a minute, remember how Jersey said that we can't do

01:57this again?

01:58And, you know, you would love to know what those conversations with the Slack channel

02:02looked like when in those those waning hours of Tuesday morning.

02:07I don't know if I'm New Jersey and I have specifically said now, don't do this again.

02:14And they do it again.

02:15I'm coming back with a fine, even though they decided against it.

02:21It's, you know, it's a black eye enough, like you said, Craig, with the Jordan with

02:25the Mason issue.

02:26But now we're looking at this being a repeated issue and not just a repeated issue, but something

02:34that they did after being clearly told by one of the best regulators in the U.S., don't

02:41do it again.

02:42We will take further action against you.

02:45So we're clearly going to be watching this.

02:49It takes some time for these issues to work their way through the DG.

02:53So I don't know when we would get an answer on it if we ever do it all, you know, right.

02:58I guess if we go two years without hearing about them getting fined, then they didn't

03:01get fined.

03:02But I can't see the DG being too happy about this.

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