The UK Gambling Commission has warned Coral regarding money laundering issues in its retail betting shops, claiming that nearly £1 million was tied to drug dealing.
The Commission said that one of Coral's customers used questionable funds resulting in the requirement for Coral to repay the £90,000 profit from one customer at a north-east England shop.
The man remains anonymous as he awaits sentencing. He wagered more than £1 million with various operators.
Bookmakers are opposing an EU regulation that would require betting shops to perform checks on gamblers spending over £1,700, an decrease from the current £10,000.
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