Ladbrokes owner hit with record penalty by the UKGC

[News Hound]

The owner of the UK high street betting giant Ladbrokes have been hit with a £17m fine by the UK Gambling Commission

Read the full article here: Ladbrokes owner hit with record penalty by the UKGC - Casinomeister

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[PMKFRUITPRO]

Good.

 

[bamberfishcake]

Yes, I second that notion!

Bandits deserve it for knowingly ripping off customers.

Shame it was not double that figure, or even better, enough to bankrupt the theives.

 

[philderby]

Chunk of change right there

 

[Mr_Slot5]

Doubt 14m will make a dent in their profits, what are their annual profits like?

It’ll be the threat of loss of license that hits more IMO. Pretty much the other way round to the Maltese casinos I think who I feel wouldn’t be too perturbed by losing their UK license but will feel the hit of any fine.

The thing that gets me is that we see case after case on here of low rolling people getting nothing but grief with SOW bollocks yet really it’s the obvious 6 figure cases that are rightly seeing the punishments dished out for and what are the focus of UKGC investigations. There’s a whole world of difference between Mr Bloggs who deposits £100 a week and the nefarious punter ploughing in thousands a week.

The whole thing is a mess and there has to be a meet in the middle balance that doesn’t involve innocent casual depositors having withdrawals held to ransom.

 

[dunover]

Can rename themselves 'Launderbrokes'

 

[Jono777]

Does not surprise me.

Although having no real inside info and only dealing been with CS and one issue which went to management a few years back, they always came across as clueless twats!

 

[Mr_Slot5]

Never had an issue with Ladbrokes. Had some decent wins there. Been with them 10 years or so.

 

[Jono777]

Never had an issue with Ladbrokes. Had some decent wins there. Been with them 10 years or so.

Despite my occasional issues (only one being what could be described as an ongoing niggly issue which took several emails to resolve) I do remember some good times and I was a very regular depositor back in the day.

They ran some awesome weekend promos on their MG download client and the shop was only a 5 minute drive away to collect on my lucky days.

This thread has jogged another memory, wife won 1K from a 50p stake on this 3 reel ATM styled slot with Stars on the reels and gold coins, unsure of the name, Money Spinner or something like that.

They weren't clueless when they handed me the cash over the counter without even asking to see ID

 

[bamberfishcake]

Let's call it 17 mill of karma for displaying the wrong RTP and ripping players off

GVC - Coral and Galacasino showing the wrong RTP to players, possible breach of license - Page 5 - Casinomeister Forum

 

[Mr_Slot5]

Despite my occasional issues (only one being what could be described as an ongoing niggly issue which took several emails to resolve) I do remember some good times and I was a very regular depositor back in the day.

They ran some awesome weekend promos on their MG download client and the shop was only a 5 minute drive away to collect on my lucky days.

This thread has jogged another memory, wife won 1K from a 50p stake on this 3 reel ATM styled slot with Stars on the reels and gold coins, unsure of the name, Money Spinner or something like that.

They weren't clueless when they handed me the cash over the counter without even asking to see ID

Yes I joined whilst the old MG client was still operational there. I remember they took a dip when they were Playtech focussed straight after the ditching of the MG client but soon improved again.

I really can’t grumble as the GVC group of casinos is where I hit my all time biggest withdrawal (only a couple of k but still my biggest win to date).

 

[OliverCooper]

The owner of the UK high street betting giant Ladbrokes have been hit with a £17m fine by the UK Gambling Commission

Read the full article here: Ladbrokes owner hit with record penalty by the UKGC - Casinomeister

Omg, that was really bad day for Ladbrokes. 17 million that`s sick! Thanks for link

 

[Guntis]

Ladbrokes is crafty fuck. rs; they never asked for a piece of paper until a few weeks back. I didn't give them anything, and they set an annual loss limit of 18k for me, meaning I'm free to deposit all this money right now in one go or stretch it through the year... Of course, they want it as soon as possible, lol.

I also like their (and not only) responsible gambling reminders, whose true intent is to encourage me to make a deposit.

 

[ads2003uk]

St ledger is just around the corner, sadly they'll recoup a few million from the online bets nationwide that weekend.

 

[goatwack]

If we're to go by some of the older figures stated in articles, Ladbrokes make around £1.5mil per day in profits, so this token fine dished out has inconvenienced them for approximately eleven days. Ooh, I'm shuddering!

All this further proves is that the UKGC don't care about player protection, and are more concerned with people's shocked reaction to what seems a large fine. When in reality it's about as impactful as fining Shell £50 million or Ezra Miller $60 for drunk & disorderly behaviour.

It's self-serving, it's cynical, not to mention good publicity for the UKGC, that they're truly not messing around anymore, that they won't stand for it.

And yet they must know that. To actually have an effect on the likes of Ladbrokes, you'd have to dole out a larger fine that that, surely. Because this penalty will be forgotten before the month is out, and will have achieved nothing, in relation to making the company sit up and actually take note.....

 

[electronictonic]

Can rename themselves 'Launderbrokes'

They have been affectionately known as Ladcrooks for many a year on the Betfair community forums I guess they are living upto the name.

 

[kou187]

That's fuck all for a company that huge, it's like if one of us peasants lost a fiver on the bus, And that's why we all call them Ladcrooks!