32Red Fined for Severe Player Issues: APCW Perspectives for 22 June, 2018

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22 June 2018, 12:44 pm
APCW

32Red Fined for Severe Player Issues: APCW Perspectives for 22 June, 2018

The UK Gambling Commission has issued a £2 million fine to online
operator 32Red for money laundering and social responsibility failures.
Additionally, we're covering news from America and Malta, plus the
controversy involving Fixed-Odds Betting Terminals won't go away!

WATCH ON YOUTUBE

https://www.youtube.com/watch?v=H7_ukMXjkn4

Links to News Stories:

32Red Fined: https://www.bbc.com/news/business-44544950
FOBT Controversy: https://www.theguardian.com/uk-news/...terminal-curbs
US Sports Betting: http://www.igamingbusiness.com/news/...sports-betting
Malta Gaming Act: https://europeangaming.eu/portal/com...a-from-july-1/
22 June 2018, 2:29 pm
Cash Bonus

Wow. That’s one really big fine. Another informative video with a lot of great insights, J. Todd. It’s Much appreciated :)
22 June 2018, 3:57 pm
Former Member 14

Quote:

Originally Posted by vtyunby65

Wow. That’s one really big fine.

lol@vtyunby56... £2Mil to them, would be chump change!

Maybe £10+ Mil, would be reason to raise an eyebrow but certainly not £2Mil :no:
22 June 2018, 4:47 pm
JamieG1981

Quote:

Originally Posted by AussieDave

lol@vtyunby56... £2Mil to them, would be chump change!

Maybe £10+ Mil, would be reason to raise an eyebrow but certainly not £2Mil :no:

Actually reading a thread might slow him down from his goal of posting as many generic, one sentence, pointless responses as humanly possible.

Sent from my SM-G935F using Tapatalk
23 June 2018, 2:17 am
Progger

32Red, is bigger than expected..

http://www.igamingbusiness.com/news/...ue-record-2016

2Mill ...sweet...
24 June 2018, 8:50 pm
joeyl

We don't know how much of the £750k was redeposits from previous winnings and how much was lost in total.

Anyway the bookies take £40m+ from roulette, slots and virtual cockroach races etc via fobts weekly (x 2 more years+ I hear) over here and the commish are fining 32red £2m for in the past letting a player play when maybe 32red shouldn't have? Ahem righteo lol.
24 June 2018, 11:27 pm
Former Member 14

@joeyl - nice to see your still around, mate. Have always enjoyed reading your comments :)
27 June 2018, 4:05 am
ocreditor

Quote:

Originally Posted by joeyl

We don't know how much of the £750k was redeposits from previous winnings and how much was lost in total.

Anyway the bookies take £40m+ from roulette, slots and virtual cockroach races etc via fobts weekly (x 2 more years+ I hear) over here and the commish are fining 32red £2m for in the past letting a player play when maybe 32red shouldn't have? Ahem righteo lol.

Good points!