This Online Casino Got Fined With Record Number £7.8 Million!
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The UK Gambling Commission and GambleAware
The UK Gambling Commission’s job is to review the gambling sector, which includes looking at social responsibility within the online gambling industry and protects players from any misuse from any online casino. They also analyze and issues statements in areas that are lacking or found to be flawed.
UKGC is also taking a big part in regulating gambling legislation and supervising gaming law in the UK. They are also responsible for advising the national and local government on gambling-related issues.
UKGC issues licenses to online casinos, which gives them control to issue fines and revoke licenses, and is tasked with investigating and prosecuting illegal gambling within this sector. All serious actors in the gambling industry is sanctioned with a UKGC license and this is a huge sign of comfort for a player to feel safe gambling. Until now?
It’s not the first time UKGC has taken affirmative action against online casinos.
In 2014 the online gambling site Canbet, which was under UKGC’s regulation, was sentenced to repay millions to swindled customers. This was such a huge hit on UKGC’s credibility in handing out licenses to online casinos. Although they resolved the issue, they failed accordingly to protect UK gamblers from rouge casinos.
In September 2014, another online casino site regulated under UKGC named BetButler, disappeared surprisingly after already received complaints from players about slow payout and withdrawal times. This site left only one message stating:
“The Board of BetButler Limited has been approached by a third party regulated gaming business to acquire the customer database, including all balances and pending withdrawal requests, of the business. This process will take some days to complete.”
Although BetButlers financial situation had been investigated many months before this, UKGC was criticized for not taking action before it was too late.
GambleAware is offering information to help people to be aware of their gambling and what safe and responsible gambling mean. They are the leading charity in the UK to assist in gambling-related issues and problem-solving. They are a completely independent charity organization funded solely by donations.
They aim to stop people from getting into gambling-related problems, such as a self-destructive way of gambling and everything regarding any financial impact.
Tips to Manage Your Gambling Experience
As most casinos offer a “responsible gambling” page, this is a good place to start once you are thinking of registering at an online casino. A casino often offers their customers the option to limit the amount that is possible to bet and/or deposit. This is always accessible through contacting the customer support and you can even demand this to be an option.
This kind of “safeguards” helps you if you feel like you are having a hard time controlling your gambling and can set your deposit limits, loss limits, wagering limits, and session time limits.
A casino that is offering the possibility to implement a reality check function into your account can be life-saving if you are the kind of person that gets lost in time spent. This will notify you whenever you have played for 15, 30, or 60 minutes depending on your settings. It will also inform you how long you’ve been consecutively playing as well as how much you have won and how much you have lost.
Decide how big your gambling budget should be each month. Be honest with yourself.
- Decide what you think is an acceptable amount to lose in a month
- Keep a log on how often you play
- Keep a log on the duration of each session
Here are some links that might be of interest to you:
Know how the casinos frame their welcome bonuses in this Best Casino Bonus for New Player
Get a better understanding in how to utilize and control your gambling experience by reading 6 Reasons why most people fail at online casino
Read about and find online casinos sites UK
Read more about BeGambleAware
Last Updated on September 5, 2020