Credit Checks To Be Carried Out On UK Gamblers

Well that's the thing, you earn more you take on bigger houses, more exp cars etc. - unfortunately, if the cards come a crashing, no one helps you :p
I grew up with farming heritage. Very much the ‘if you don’t have the money you don’t have the goods’ mindset.

My grandad died a wealthy man but to look at him you’d have never guessed. Always moaned about the ‘flash’ gits ?
 
I grew up with farming heritage. Very much the ‘if you don’t have the money you don’t have the goods’ mindset.

My grandad died a wealthy man but to look at him you’d have never guessed. Always moaned about the ‘flash’ gits ?
I get that but at the same time, if that was the case, no one would mortgage and we'd all be paying another persons mortgage via renting for no benefit.

But, yeah, over commitment has been, and still is, an issue via a lot of people (including myself :p)
 
I get that but at the same time, if that was the case, no one would mortgage and we'd all be paying another persons mortgage via renting for no benefit.

But, yeah, over commitment has been, and still is, an issue via a lot of people (including myself :p)
Well the housing market is a whole other issue. Grandad retired and bought a property freehold in the mid 90s for 250k. Upon his passing a few years back my nan had the same property valued at £1,000,000. An eye watering % of increase in the market since those mid 90s days.

Either it’s madness or I’m just getting old ?
 
Well, I'll have none of it - no KYC, AML, SOW, Soft Checks, Hard Checks, Open Banking, Limits, Timers, Autospin/Bonus Buy/Audio Bans.. bugger off!

I'll continue to take a chunk of "cash" that I believe I can afford to spend, lump it into my friendly neighbourhood Curacao joint, and be done with it.

And the only questions I'll ever be asked are (1) would you like to play in our slots races, and (2) in which cryptocurrency would you like your 25% monthly cashback / 1% rakeback, or (3) what's your Google authenticator code, so we can process your withdrawal in about 3 seconds flat.
 
Yep, I got a call out of the blue last week. Guy says, just need a quick chat about affordability regarding your account, have you got time.

I replied “no I haven’t, just close the account please”.

This will result in Casinos losing thousands of players some voluntarily, some won’t pass affordability. Either way, as has been mentioned lately, this is the beginning of the end.

Casinos lose more players, counteract by reducing rtp’s (which are already disgusting), even further. Online gambling is just about dead for the UK.
 
Sure is, how things have changed, years ago I was always one to play land based, while all my mates moved to online, cutting down travel time, petrol costs etc but eventually I saw that actually online was better value, lower stakes, better RTP, potentially bigger payouts all in the comfort of your own home, without spending money and time travelling to the casino.

Fast forward some years and the gap has massively closed and it’s starting to become more and more appealing to go back to land based over online, even with the cost of fuel to get there and higher min bets.

My experience lately is blackjack, roulette and poker are ALL easier to win at land based compared to online, make of that what you will, and you can even have winnings put straight into your bank account now, and far less intrusive SOF/SOW checks.
 
The golden years for me were before UKGC - 2005-2014-ish. Playing at almost any casino worldwide. All the US retro-style ones with the ambient "casino sounds" in the lobby. Late nights at Redbet in the WMS section, playing in Euros. Microgaming sessions at Jackpot City.

All seems like a very long time ago, never to return..
 
Yeah not keen on the credit check method.

I had a disagreement with a mobile phone provider a few years back over a final payment when switching provider. Long story short they defaulted me over £50…and I believe mobile phone providers aren’t covered by the same regulator as other credit facilities, so they didn’t even have to send a default notice prior to the default being applied.

On the plus side it eventually hastened my decision to buy my handsets outright and pop in a sim I can use for £10 a month that’s gives me pretty much all the data I need. Much cheaper over the long run, plus with the iPhone I can sell it for a decent price after 2 years and buy the latest one at half price when factoring in what I made back on the old one :)
the same thing with virgin net, a credit check is stupid coz we not asking casinos for credit, we spend our money, is like going to a restaurant oh wait you cant be served we need credit check
 
I doubt it will reduce SOW checks unless there is a holistic approach to each customer using a centralised system, which may be on the way anyway, or even if use already to a degree.

The clue is kind of in the description; Source of Wealth is to find out where the money came from under AML guidelines and the reason a casino is 'legally' obliged to ask for customer invoices etc.

Due to the nature of money laundering, they are obliged to trace to the original source, so if you are self-employed and your customer pays you 15k, and you gamble 15k, they need to know the legitimacy of those funds to combat laundering.

Affordability is purely about if you can afford to gamble and not really to do with AML. It's about if you can afford to deposit the money that you do. They should take withdrawals into it as well, but they won't, or don't, I don't think.

p.s. Just to add maybe a more direct answer to your question - I don't think so. You shouldn't really get a SOW check on a 50 depo (I don't think so anyway, seems a bit overkill) that leads to a huge withdrawal, but many casinos use the AML requirement to frustrate the customer.
no one uses casinos for money laundering except them self casino owners, as regular customers, we have no chance, we all get checks from our bank, and Casinos have no trained staff to even deal with credit checks, this is how money laundering is down from Central London 10m 50m 100m, not 100quit or 500quit


 
Soft search or not, this would not sit easy with me full stop. If you go for any form of credit, especially something like a mortgage, if there is a whiff of you even spinning 50 pence on a slot, the answer for said credit would be "Computer says no."

The UK is pretty much done as a market for the independents to operate in. Well done UKGC, your over zealous antics in the guise of regulations have killed what is and has been a decent industry for consumers and those B2B's that have a vested interest in it.
 
There is some business-facing information on TransUnion's website about how they assess gambling affordability. They don't just use your personal financial data, they also make assumptions about your disposable income based on your age and postcode. I know from experience that the results can be wildly inaccurate as I have a dormant Betway account that had a £130pm deposit limit applied after one of these searches. TransUnion knows nothing about my income as I receive it through Revolut rather a bank.
 
There is some business-facing information on TransUnion's website about how they assess gambling affordability. They don't just use your personal financial data, they also make assumptions about your disposable income based on your age and postcode. I know from experience that the results can be wildly inaccurate as I have a dormant Betway account that had a £130pm deposit limit applied after one of these searches. TransUnion knows nothing about my income as I receive it through Revolut rather a bank.
if they check by postcode I should get £100k pm limit lol
 

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