In Australia, in order to apply for a mortgage/loan, (although 'Responsible Lending Laws' are now being revised in the wake of COVID-19), previously banks could demand information relating to:
- Netflix/FOX subscriptions
- Uber eats/Food delivery services
- Buy now, pay later platforms
- Coffee purchases
- Lunch/dinner expenses
- Friday night drinks
- Cinema/theatre excursions
The criteria for determining whether or not a mortgage/loan was financially viable had become
"overly prescriptive, and responsible lending has become restrictive lending. You’re having people justify Netflix and Uber, which is ridiculous … banks were becoming overly cautious for fear of litigation down the track.”
Substitute UK casinos for banks and this really does appear to be the reality, under poorly written and misunderstood UKGC guidelines, that has led to the very intrusive SOW practices some casinos are now demanding, because of fear of litigation and massive fines.
As I have said before in other threads, there is no way I would provide a casino with unredacted bank statements that show specific expenditure - income source if I had no choice, but the rest is my business, and nothing at all to do with a casino.
A casino, ffs! Believing they have the right to analyse my spending patterns, when even banks no longer require this level of detail, and then to add insult to injury, determine not only if I can afford to gamble, but to set arbitrary deposit limits 'for my own protection'.
I repeat...A casino, ffs!!!
Rant over!