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UK Gambling Commission fines 2 online casinos

UK Gambling Commission fines Casumo and Videoslots casinosThe UK Gambling commission has once again fined two online casinos holding gaming licences in Great Britain: Casumo and VideoSlots. These two online casinos haven’t fulfilled their obligation to protect players and have been heavily fined. VideoSlots is going to have to pay one million pounds sterling and Casumo 5.8 million ! This online gaming watchdog system in Great Britain has many means of sanctioning deviations by online gaming operators. This isn’t the first time that the Gambling Commission has imposed major sanctions on legal casinos in Britain. Several casinos have been involved: 32Red, William Hill, LeoVegas, Ladbrokes Coral, Betfair and 888 Casino to name a few.

Live Dealers Casino brings you more on the financial sanctions imposed on VideoSlots and Casumo by the UK Gambling Commission (UKGC).

Lack of protection for online players

The two casinos, legal in Britain, Casumo and VideoSlots didn’t respect one of the many obligations imposed by the UKGC: to protect players. These online casinos didn’t verify the origin of certain players’ money and let others gamble irresponsibly. Online gaming operators, casinos and also online poker sites and sports betting sites are under the obligation to make sure that players don’t become addicted. They are also obliged to verify that the amounts placed on gaming tables or in slot machines are in line with their incomes. Whereas these sites looked the other way  regarding the large deposits of certain players without worrying if the money really came from their accounts. The UK Gambling Commission noticed several ommissions by these two operators and several other online operators could be affected by sanctions.

Hitting at the purse is the British online gaming watchdog’s most radical solution. In the case of further violations, operators, who don’t bide by the UKGC’s gaming rules could lose their licence. Like in a football match, an online gaming operator who gets two warnings gets a red card and could be excluded from the English gaming market.

>>> Read : “Gambling Commission inflicts a heavy fine on 32Red Online Casino

Other online gaming sites within the sights of the UKGC

The English online gaming regulator’s aim is to check that online gaming operators respect  regulations. So online casinos have a duty to prevent addicted gamblers from playing in their casinos or to check on the source of players’ funds. All legal online casinos in Britain put the UKGC’s policies and procedures in place. The Customer or Retention Service has to investigate to identify the source of funds and check that players don’t gamble above their means. The United Kingdom Gambling Commission is very busy and has issued warnings to 9 operators and is to set up investigations into six other groups. Three groups have had their licences withdrawn. From Italy to Spain, from Britain to Malta and Belgium, online gaming commissions insist on responsible gambling. The online gaming licences granted to operators come with obligations. If these obligations aren’t met, the first sanction is financial and then simply loss of the licence.

By |2019-01-07T15:33:28+00:00January 9th, 2019|Gambling Commission, Online casino|0 Comments

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