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  1. #1
    PromoteCasino is offline Private Member
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    Default More Big Fines In The Uk £14,000,000

    So another 3 gambling companies have been fined totally nearly £14,000,000. With another company having to surrender their license to operate in the UK.

    Daub Alderney £7.1m, Casumo £5.85m and Videoslots £1m

    Where will it stop next?

    Source story on the BBC https://www.bbc.co.uk/news/business-46382717
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  3. #2
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  5. #3
    PromoteCasino is offline Private Member
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    I know I had the impression they were on rocky grounds already.

    I suppose its one way of offsetting the revenue loss for the government from the FOTB machines max bet being reduced.

    It is a hard one for me to take I know the casinos have to do their KYC, but if one asked me where I get my money from I would tell them to shove off and go elsewhere. Ever heard of invasion of privacy.
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  6. #4
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    Default

    Did they charge a 93% admin fee to Videoslots?

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  8. #5
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    Quote Originally Posted by wonderpunter View Post
    ouch... can casumo handle it?
    Should be not a big problem...the players still play...


    Quote Originally Posted by Triple7 View Post
    Did they charge a 93% admin fee to Videoslots?
    Quick math....93%....u are right

  9. #6
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  11. #7
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    Quote Originally Posted by wonderpunter View Post
    ouch... can casumo handle it?


    Quote Originally Posted by PromoteCasino View Post
    I know I had the impression they were on rocky grounds already.
    What have I missed here? I thought they were one of the more solid newer brands?

  12. #8
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    Daub Alderney... Poetic justice, I'd call this!

    Received an email from Lucky Jar Affiliate program 2018/11/29 (just received in now checking emails). In short, they've terminated my aff account, on the grounds of T&C's, which, as far as I can tell involves not sending players or some other BS... I haven't promoted them for ages. So it's no loss.

    Thing is though, maybe this is their plan, to close aff accounts in an effort to offset the UKGC fine. Who knows.

    A heads up to be aware!
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  14. #9
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    UKGC is really on it these days!

  15. #10
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    Quote Originally Posted by JoeHarris View Post
    UKGC is really on it these days!
    They are now collecting money for Xmas gifts
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  16. #11
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    Quote Originally Posted by doovde View Post
    What have I missed here? I thought they were one of the more solid newer brands?
    Casumo have been around for 6 or 7 years already and they are likely one of the top brands in the world, at least of any started within that timeframe. I'm sure the fine will sting, but unlikely to have any major effect.
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  17. #12
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    Default UK Gambling Companies Fined

    Saw the following interesting news posted today:

    "On Thursday, the UKGC said the three companies—Daub Alderney, Casumo, and Videoslots—failed “to put in place effective safeguards to prevent money laundering and keep consumers safe from gambling-related harm.” Daub Alderney was ordered to pony up £7.1 million ($9.06 million), while Casumo has to pay £5.85 million ($7.4 million) and Videoslots would pay £1 million ($1.28 million) in lieu of financial penalty."

    To read more click here: https://calvinayre.com/2018/11/29/bu...rds-hit-fines/

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  19. #13
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    At least they allowed them to pay a penalty instead of paying a penalty

    Rick
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  21. #14
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    Quote Originally Posted by universal4 View Post
    At least they allowed them to pay a penalty instead of paying a penalty

    Rick
    Universal4
    LOL

    TBH I was wondering what the hell that actually meant. In lieu of financial penalty.
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  23. #15
    casinoguideuk is offline Public Member
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    Expect to see a lot of design changes making sure these T&Cs are shown on affiliate sites now..

  24. #16
    PromoteCasino is offline Private Member
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    Quote Originally Posted by casinoguideuk View Post
    Expect to see a lot of design changes making sure these T&Cs are shown on affiliate sites now..
    Already a massive change although I do still see big sites with Brand+Bonus showing no t&cs next to it. Very frustrating.
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  25. #17
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    Quote Originally Posted by PromoteCasino View Post
    Already a massive change although I do still see big sites with Brand+Bonus showing no t&cs next to it. Very frustrating.
    Surprising too, I'd expect the affiliate managers to be right on their case about it. I'm taking no risks on my site.

  26. #18
    PromoteCasino is offline Private Member
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    Surprising too, I'd expect the affiliate managers to be right on their case about it. I'm taking no risks on my site.
    Me too, any mention of a bonus/promotion I have added t&cs makes a big difference with the page rankings as the t&cs show up as the main keywords.
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  27. #19
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    £5 mil, thats a lot of money. Is it the end of Casumo in uk?

    "A review of Casumo's business, which began in January, found that the company had failed to check customers properly and monitor their activities."

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