Online Casino News From Around the Globe

888 Fined £7.8m by Gambling Commission For Allowing Self Excluded Punters To Gamble

The UKGC has made it clear in the last few months that they will not hesitate to enforce the powers they have. Large fines like that of Lottoland and others are a clear message that they mean business and are not just another regulatory body without teeth. Today however saw something unprecedented as one of the largest UK gambling companies 888 were fined a record £7.8m for allowing 7,000 self-excluded players to continue playing on their sister bingo network. Following an investigation the UK gambling Commission found that 7,000 customers who had voluntarily self-excluded themselves from playing on the company’s’ casino, sportsbook and poker sites were able to access their account on the 888 bingo platform. This “ loophole” continued for 13 months and enabled customers to depots up to £3.5 m in their accounts. The Commission was scathing in their finding regarding 888 and said,” While 888 did have self-exclusion procedures in place, they were not robust enough and failed to protect potentially vulnerable customers.” To make things even worse one such individual was able to stake £1.3m in bets over 13 months of which at least £55,000 of this money was stolen from his employer. The penalty of £7.8m will be divided among various causes with £4.25m going towards fighting gambling addiction and the rest to the customers affected. CEO of the Gambling Commission, Sarah Harrison went on to say,” Safeguarding consumers is not optional. This penalty package of just under £8m reflects the seriousness of 888’s failings to protect vulnerable customers. The 888 sanction package will ensure those affected don’t lose out, that the operator pays the price for its failings via a sum that will go to tackling gambling-related harm, and that independent assurance will be given to see that lessons are learnt.” 888 reacted to the disastrous publicity and hefty fine by saying,” The company accepts the conclusion of the review and is committed to providing players with a responsible as well as enjoyable gaming experience.” As crazy as it sounds many point out that the outcome for 888 could have been a lot worse as there was talk of them possibly losing their UKGC…

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Colombia Looking To Block Online Gambling Payment Providers

We reported in the past on Columbia becoming the first South American jurisdiction to formally regulate and legalize online gambling. This was fueled by the granting of the first online license to local operator In addition to the granting of a local license. Colombia’s gaming regulatory agency Coljuegos also blacklisted illegal international operators in an effort to create a level playground for local licenses which has not gone too smoothly. On Tuesday Juan B. Perez Hidalgo, president of the Coljuegos said at a an Event of Accountability at the Ministry of Finance that they plan on taking “step up actions against illegal games of chance.” Hidalgo said that the regulator also planned to “intensify controls and we will seek the tools that the law allows us to reach people who are literally stealing resources for the health of Colombians.” One of the measures looking to be implemented was the possibility of holding meetings with the financial sector that would block payments to international gambling sites that were not regulated and that were serving local punters. Gomez believes that payment blocking will help a lot in making them more effective in the fight against illegal international…

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Crown Resorts Challenges Lottoland Down Under With CrownLotto

The online lottery market in Australia is heating up. As we reported the entry of Lottoland into the Australian market was received very well by punters. No secret that Aussies are among the biggest spenders in the gambling industry. Much like in the UK lottoland has come under fierce opposition from the traditional lotteries like Camelot in the UK as they are taking a large portion of their customer’s base without having to pay a single penny to good causes. Another major move from the Crown Resorts online branch, CrownLotto is set to raise even more controversy. They are expected to launch their CrownLottto product early in September and will work on the same model as Lottoland. Punters will be able to bet on the outcome of a lottery instead of actually purchasing a ticket. The idea here is to attract the younger players who are not too keen in to purchase in retail stores. Using the same insurance model as Lottoland, CrownLottto will pay the same amount as the winning ticket. A Crown Bet spokesman commented on the new initiative,” We’re launching these products to meet the clear and growing customer demand that is driven by huge jackpots in overseas draws.” Unlike lottoland CrownBet is looking to limit opposition from the Australians and Newsagent Association (ALNA) by pledging to give a percentage of its earnings to local groups. This is in sharp contrast to Lottoland who have come under fire from lawmakers for not giving back anyth9ng to the community, Lottoland entered the  Australian market in 2016 when the US Powerball had a record $1.6 billion prize in January 2016. Recently Lottoland have signed a deal to with William Hill which will see them add a lottery betting tab to William Hill’s website. It remains to be seen if Lottoland will now announce that they will be giving a portion of their earnings to local communities and follow…

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Research Shows Lack of Sleep Can Cause Increased Gambling

It is always interesting to have a look as studies on how the mind influences us in making decision regarding gambling. A recent study by Christina Baumann, Professors of Neurology at the University of Zurich found that people who sleep five hours or less are more prone to taking risk even if they do not realize they are doing so. This is a problem with politicians and world leaders whose decisions can have major repercussions for all of us. Many cite the example of Donald Trump who is known only to sleep around 5 hours a night. The authors of the study go on to say that this finding may even explain the 2008 global financial crash. They study was based on results from 14 men in a financial game for which they gambled for cash. The men aged between 18 and 28 were subject to only five hours of sleep a night while asking them to play an online gambling game. The options for the participants were to accept an automatic payment of 20 Swiss Francs or gamble for an amount up to 100 Swiss Francs which would offer them a larger price but could also result in them ending up with nothing. As the lack of sleep started taking effect as the week went on, 11 of the 14 men started taking more risks and those who were classified as risk-aversive actually became risk-seeking. What was worrying is that when asked the men themselves did not thing that their behaviors had changed. The study showed that lack of sleep not only increased risker behavior but that one is nor  even aware that it is indeed…

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Expansion of Online Gambling Putting More Punters at Risk In UK

The gambling market in the UK is bracing itself for a crackdown amongst increasing pressure on the government to address problem gambling. New data compile by the UK gambling Commission will add more fuel to the fire as it shows more than 2 million UK citizen are classed as problem gamblers. The data also shows the scope of gambling as a whole with 63% of British adults reportedly gambling in the past year. Of those 1.4% of gamblers were classes as problem gamblers. Online gambling activities were prone to create risky gambling habits. The online gambling casino, bingo and slot machines attracted 34.9% of problematic gamblers which was followed by betting machines at 31.7%. Softer types of gambling like scratch cards and lotteries were the least risk with only 6% on people playing the National lottery being classified as at-risk gamblers. This was followed by 10.6% for scratch cards. In terms of variety of gambling activities, the research found that the more types gambling that punters participate in the higher the chances of individual becoming addicted. People participating in seven or more types of gambling, 26.1% were problem or risk gamblers. Unfortunately people who were unemployed are more likely to be at risk with a 10.1% rate of problem and at risk gamblers. Of those employed only 4.6% were found to be having a problem with gambling. The elderly or retired sector of the population were the least prone to become problematic gamblers with only 1% found to be at risk for becoming problematic gamblers. Executive director for the Gambling Commission Tim Miller explained the importance of the study,” We have a clear commitment to make gambling fairer and safer and these figures show that this is a significant challenge. Success will depend upon us, the industry, government and others, all working together with a shared purpose to protect…

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