The UK’s gambling regulator has struck four of their licensees with fines that total £4.5 million. The fines were in response to the operators having a lack of attention to anti-money laundering processes, customer due diligence and social responsibility obligations.
After some time spent looking into the vast majority of the casino operators who hold a UKGC licence, the regulatory body found four offenders, including InTouch Games Ltd (£2.2 million), Betit Operations Ltd (£1.4 million), MT Secure Trade (£700,000) and BestBet (£231,000).
InTouch, which operates mFortune, PocketWin and Mr Spin, took little interest in finding where their customer’s funding was coming from – this is something the UKGC has been investigating since April of 2018. InTouch was found to have their financial triggers too high to flag warnings when players were depositing and withdrawing large amounts, resulting in concerns that money laundering...Read More
It’s not in distant memory, that the one and only Tiger Woods has made a comeback to his decorated career by winning the PGA Championship. A William Hill gambler spent his time biting his nails as he had $85,000 on the line after an against the odds bet on the, 14 year dry, golfer. James Adducci, the gambler managed to bank himself $1.19 million, after being given the odds of 14-1.
Adducci explained that “A month before is when I knew I was going to do it. I had been thinking a lot about this. I watched Tiger’s performance at the Tour Championship, and things seemed to be going his way. I looked at how well he did there, and some other factors you can’t put stats behind. It wasn’t about the stats for me. The fact that this was going to be his first major in front of his kids, I was convinced he would win.”
Darren Rovell of the Action Network drew attention to the fact that Adducci had the second highest earnings based on the event, banking around $250,000 more than the 2nd place golfer Xander Schauffele. The Direct of Trading at William Hill stated that...Read More
Norway is preparing to slightly change their regulatory scheme, with elements to improve payment transactions. The Norwegian government announced the new measures that will change the processing rules and will prevent gambling operators from offering unauthorised gambling services.
Outlined in the new scheme was the fact that there is an existing ban on payments both to and from unlicensed operators. The new additions stating that this ban extends to companies in charge of payments on behalf of unlicensed operators – as many companies used this as a loophole.
Trine Skei Grande, Minister of Culture and Gender Equality said that...Read More
William Hill, one of the UK’s household names has had another run in with the UK’s Advertising Standard Authority. This time for a Tinder campaign that crossed the line by associating gambling with sexual success.
A complaint was made by a Tinder user, who took offense to William Hill’s advert that appeared in March to promote the upcoming Cheltenham racing festival. The advert was sent as a direct message to users, with the tagline “Stuck in the friend zone? You won’t be for much longer if you use this Cheltenham free bet offer.” The user felt that the advert was in violation of the UK’s advertising code, by linking gambling to progressing sexual relationships.
The team at William Hill released a statement to say that they were suggesting that usually, Tinder users “shop around” on the app and that they should consider William Hill when shopping around for places to bet. After their statement and with much backwards and forwards with the ASA, they had apparently retracted this statement and agreed that the advert had “potential to be interpreted differently” William Hill removed the ad and conducted a review of their other Tinder promotions. Interestingly enough, Tinder stepped forward to say that they saw nothing wrong with the ad before adding it to their platform and hadn’t received any complaints about it afterwards...Read More
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