Ladbrokes pays off problem gambler to keep quiet

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Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
The gambler, a British citizen who ran a property business in Dubai, later admitted to having stolen from his clients in order to fund his high-roller habit, which cost him up to £60,000 in a day.

After five of his victims made a complaint against Ladbrokes for allegedly accepting stolen funds, the bookmaker agreed to pay them a combined sum of £975,000.
Bloody hell!
 

steveh35

Ueber Meister
Joined
Aug 25, 2010
Location
doncaster
I don't go near Ladbrokes anymore they would not let me choose a deposit limit of less than £25 a month which I thought was wrong as I should be able to decide if I want a £10 limit at a casino, there was no option to take short breaks on the site either without going through an email process so I decided to close it down altogether.

I got a snotty manager agent who clearly did not like people taking up her time closing their account and having to plow through loads of questions I was glad to get rid of the shower, badly run and not customer friendly.
 

SteveBr

Senior Member
webmeister
MM
Joined
Sep 20, 2017
Location
East Yorkshire, UK
Wow!
How the other half live, eh.

Very damaging to Ladbrokes this if true. Paying him and the people he stole from so they don't inform the UKGC will cost them more than the £1 million they forked out there.

It's my birthday at the weekend, I bet I don't get a few grand in my account :eek2:
 

snorky510238

Chief glockenspiel maker
Joined
Jan 12, 2018
Location
Uk
I used to play the FOBTS (low rolling) at all bookmakers. They are all shockingly bad in terms of rtp but without doubt Ladbrokes were the worst.
 

Casinomeister

Forum Cheermeister
Staff member
Joined
Jun 30, 1998
Location
Bierland
If these allegations are true - which I suspect they are, the UKGC should set an example and revoke their license. The UKGC "talks the talk" - let's see if they are willing to "walk the walk".
 

lotusch

A little mix of Dutch and Irish
Joined
Jun 3, 2013
Location
Dún Dealgan
If these allegations are true - which I suspect they are, the UKGC should set an example and revoke their license. The UKGC "talks the talk" - let's see if they are willing to "walk the walk".


Exactly my thoughts.
Shocking story this.

I never ever played here myself as they never appealed to me.
For sports betting and stuff in use good ol' Paddy Power.

This should cost them dearly!!!
 

SpinUk

Meister Member
PABnonaccred
MM
Joined
Oct 10, 2012
Location
London
This is starting to look more like a criminal case than a civil case the further you look at it. Major, major issue for them, their licence and brand.
 

Bloatgoat

Senior Member
webby
Joined
Nov 29, 2017
Location
Somewhere
They settled to pay back to prevent any investigation from the regulator. But this is a bit odd. People can hide their gambling addiction for a very long and good time. It's like being in quick-sand, deeper and deeper to the point you cannot go back anymore. The VIP threatment is no diffferent then any other where they spoil their clients based on their estimated revenue. I was a VIP too in a local casino once; and they really did their best to keep me as a player haha. That's just part of the nature; get aboard the high-rollers and keep 'm satisfied.

In Holland was a simular case. A high roller who was an accountant of for example Subaru in the Netherlands and spend 23 million euro's in a local casino. The casino completely bypassed all the regulations by letting the guy enter the building used by staff and not visitors. This way there was a 'workaround' to not be noted on paper that often in the casino. At the end of the day; the casino and subaru had a settlement and the case was sort of closed.

But it's amazing to see on how lives are being destroyed by a gambling addiction. The guy proberly had everything and gambled this away in just a few years in time.
 

snorky510238

Chief glockenspiel maker
Joined
Jan 12, 2018
Location
Uk
Yes sadly the more you lose in a casino the more you are lorded and made to feel special by the management. It’s not difficult to see the ulterior motive.
 

conker

Dormant account
Joined
Feb 10, 2012
Location
UK
The attempted cover up is the saddest part, if it turns out to be true. I believe Hill's have some previous with this sort of behaviour.

It really paints a very shady / greedy picture of the business of gambling. Let's hope there are some repercussions, should it come to light that they were preying on this man.
 

Bloatgoat

Senior Member
webby
Joined
Nov 29, 2017
Location
Somewhere
Thats what settlements are for. The people who had their money stolen are paid back. The guy who lost everything has nothing. And this whole situation is simply extinguished and dont see any legal actions taken into it. The casino proberly did start having a problem when it did not make that settlement.
 

snorky510238

Chief glockenspiel maker
Joined
Jan 12, 2018
Location
Uk
In some ways harsh as it may seem you can’t blame a casino for taking your money it’s what they are in the business to do. I have met some great pub landlords in the past but they didn’t restrict everyone to two pints a night for their own well-being. Gambling is a terrible addiction. I myself am a self confessed compulsive gambler. I have been to hell and back in the past believe me. The one thing that is absolutely definite is that you are the only one who can cure yourself. I never thought it would be possible and it took me years to get it under control and to gamble within my means. Now I really enjoy it. I think this is a thing that comes with experience as when you are younger you can’t see the wood for the trees so to speak.
 
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