White Hat Gaming strengthens social responsibility standards following UKGC investigation Share
UK Gambling Commission (UKGC) has ordered
White Hat Gaming to pay a £1.3 million regulatory settlement after an investigation identified ‘inadequate anti-money laundering and social responsibility procedures’.
The operator’s payment has been made ‘in lieu of a financial penalty’ and will be directed towards delivering the National Strategy to Reduce Gambling Harms.
In a statement, the UKGC stated that its assessment looked into the handling of seven customers’ accounts with the operator after concerns were raised at a compliance assessment in March 2019.
The regulator revealed that it had identified failings in the way White Hat Gaming identified and managed customers who were at higher risk of money laundering and problem gambling’.
A UK Gambling Commission assessment of an online gambling business has led to the operator overhauling its approach to social responsibility and the prevention of money laundering. The assessment - part of the regulator’s ongoing compliance work - identified failings in the way online operator White Hat Gaming identified and managed customers who were at higher risk of money laundering and problem gambling. Inadequate anti-money laundering and social responsibility procedures led to failures including not establishing the source of funds for a customer who lost £70,000 in three months and ineffective interaction with both a second customer who lost £50,000 in just six hours and a third customer who lost £85,000 in just over one hour.
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The New Mexico racetracks have submitted a bill, HB 101, that would allow massive gambling expansion to take place at the five licensed racetracks, although the expansion would be under the direction and control of the state lottery commission, and 15 million of the projected 40 million in increased taxes would be allocated to the state lottery coffers for college scholarships. The bill is very vague about the monetary benefit to the tracks.
HB 101 insists that the massive gambling expansion would not interfere with the state/tribal gambling compacts. The bill can say that is the case, but the state/tribal gambling compacts gave the tribes absolute exclusivity over table games, such as baccarat, blackjack, poker, craps, roulette, wheel of fortune, etc. This bill would allow the track/lottery complex to operate those games at the tracks, thereby eliminating that exclusivity.
Brent Hoberman: UK levelling up requires a bold National Lottery steward Share
CBE) has stated that the government faces a critical choice in revitalising the
National Lottery by breaking its ‘current status quo’ – allowing a vital institution and funding resource to be modernised.
Writing in
City AM, the former founder of Lastminute.com remarked that any plans for the government to ‘level-up the UK’ would require significant help from the National Lottery.
Yet, maintaining its current format, Hoberman believes that the National Lottery will struggle to support the government’s agenda in a post-Covid world.
Having joined SAZKA Group’s ‘
BetBull and beBettor form social responsibility alliance Share
BetBull will cooperate with responsible gaming data firm
beBettor on customer affordability.
beBettor will provide the operator with affordability data using its APi services, enabling automated instant geo-affordability checks for the company’s UK customers.
This will allow BetBull to better understand its customers and provide more tailored protection for each player.
Furthermore, the affordability checks identify those most at risk of financial harm, such as those close to or experiencing bankruptcy or who are on insolvency registered. The two firms aim to protect customers from gambling related harms associated with spending beyond their means.