LC International Limited

About LC International Limited

LC International Limited is a company that has been established since 1992 and operates in the online gaming sector. It is headquartered at Suite 6, Atlantic Suites, Gibraltar, with its registration number being 46808. The company's managing director is Neil Cotter. LC International holds licenses from several regulatory authorities, including the UK Gambling Commission, Gibraltar Gambling Commission, and the Malta Gaming Authority, under license numbers 54743, 010-012, and MGA/CRP/688/2019.

The company operates eight casino brands, which include bwin Casino, Coral Casino, Foxy Games Casino, Gala Casino, Gamebookers, Ladbrokes, Party Casino, and Sportingbet. Its game portfolio includes both online casino games and sports betting options.

LC International's regulatory review, initiated on 17 August 2022, came after a compliance assessment identifying certain failings in the company's processes to prevent money laundering (ML) and ensure safer gambling practices. Between December 2019 and October 2020, the company did not comply with specific License Conditions and Codes of Practice (LCCP), particularly related to the prevention of money laundering and terrorist financing, customer interaction to reduce gambling harms, and the identification of customers with multiple accounts.

Following this review, LC International took remedial action and agreed to divest a sum of €544,048.03, in addition to making a payment of €13,455,952 as an alternative to a financial penalty, totalling €14,000,000. This outcome was part of a broader set of actions, including a public statement and a variation to apply conditions to the company’s license.