The U.K. Gambling Commission’s fining of the Corinthian Club in Glasgow, Scotland £70,000 for money laundering violations has led to the facility closing as a casino and reopening as a nightclub.
The commission found that the casino—owned by the Scotsman Group—didn’t have proper controls for stopping money laundering and terrorist financing. It also failed to collect sufficient information to identify problem gamblers. The commission levied the fine in August 2021.
The commission’s report stated that the former casino did not “establish and maintain appropriate risk-sensitive policies, procedures and controls to prevent money laundering and terrorist financing.” It added that the Corinthian Club failed to “promptly interact with customers who may have experienced significant harm and losses.”
The reopening of the former casino as a nightclub occurred after the Scotsman Group appeared at the Glasgow licensing board to report on the business’s new incarnation, which will, said the applicant, be a “luxurious labyrinth of booths and nooks.”
An attorney for the applicant declared, “What is happening here is the casino part of the premises is being excised from the property. For the record, it is going to be that license that will be surrendered if you are willing to grant the variation today.”
The licensing board approved the change.
