William Hill fined 19.2 Million

[Polarbear]

From the article

William Hill let new customer bet £23,000 in 20 minutes. One person was able to spend and lose £70,134 in a month, while another deposited £73,535 and lost £14,068 in four months.

1st thing is I must say I'm not a gambler. I play cards for small stakes and have put the odd accumulater on footy matches but nothing bigger. It wouldn't bother me if gambling was shut down tomorrow but that isn't the point here.

I'm really rather confused by the whole thing. William Hill and all other gambling firms modus operandi is to part gamblers with their money. It seems from reading this, and please correct me if I am wrong, they have to also operated as gamblers anonymous and also money laundering police.

I'm curious how they are meant to do this. Do they phone up one of the above gamblers and ask them how much they have in their bank account and whether that can actually afford to gamble? Are they supposed to track where money has come from? If someone bets £10 grand is it not their buisness.

The other thing is how have the gambling commision come up with a 19.2 mill fine. It seems rather a random figure. WHo gets it? UK PLC? Gambling addiction charities?

It should be me, I need to feed my Rum habit.
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Triumph Trophy Launch Edition

[Nobby the Bastard]

It primarily due to the money laundering element.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Triumph Sprint ST 1050

[Easy-X]

People will always gamble, drink, fuck the wrong people and do all manor of dubious things, there's no stopping that. The question is when are people's vices being activiely exploited and what can we do about it
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Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter

[grr666]

I have had more than a few vices in my life but gambling has never even been on my radar. I couldn't even bring
myself to do it staying in Las Vegas for a few days.
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Currently enjoying products from Ford, Mazda and Yamaha
Ste wrote: Avatars are fine, it's signatures that need turning off.

[TbirdX]

I expect they doffed their caps, said we're very sorry sir it won't happen again, paid the 19.2 mil out of the XXX* mil plus they made out of problem gamblers and then laughed themselves stupid all the way to the pub, while instructing their web game guys to put a "I'm not a problem gambler' tick box onto the website.

Shall we pencil another hearing in, in say five years......










*Insert large figure here
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VFR800X - TTR250

[Polarbear]

[MCN]

I don't care about gambling, drinking and smoking businesses suffering from clampdowns.
The sooner we can throw off the hunger for vice the better.
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Disclaimer: The comments above may be predicted text and not necessarily the opinion of MCN.

[Easy-X]

Some perspective:

Gambling £14 billion (Gross Gambling Yield, 2022)
National Lottery ~£8 billion (half yearly sales are just over £4 billion according to Camelot)
Drink £50 billion (Gross Revenue, 2022)
Retail £495 billion (Sales, 2022)
Porn? Ironically I found it difficult to find any hard numbers for the UK porn industry Probably only a few billion as America dominates this sector.
Religion? Fuck all compared to the above, hundreds of millions at the most.
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Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter