Source of Wealth / Source of Funding

[Hellridah]

Ok Twenty Minutes Ago I was just asked by Videoslots Casino for evidence of source of wealth funding 

as I explained earlier New Zealand has laws including the Privacy Act 2020  which makes it illegal to request 

evidence we basically don't have to under our laws unless we have given expressed permission . 

Now before I was being nice about things now I'm not obviously you idiots don't get the message so here's another 

one roughly 290k people were live streaming across 3 streams LIVE and multiple affiliates were involved we are PULLING 

from Malta completely and as I said Curacao is being watched your laws are being examined as we speak . 

 

Others and Myself are Terminating all Malta Casino Accounts there will be no Draconian requests for New Zealand gamblers 

I absolutely refuse to endorse such measures as to empower a random business entity thousands of miles away from my home 

country with such legal powers as to ask for how one makes a crust and are not evening lending any money that is just outright 

lunacy and piracy on the high seas and its coming to an end for a lot of players right now keep watching and You'll know oh so 

too late your mistake . 

 

au revoir 

 

p.s 

 

They even have the audacity to withhold my last deposit after springing a random legal clause on me : my fine friends that is 

called theft and legal entrapment you'll see not a cent more or any documents . Any New Zealander that reads this stay away 

from any Malta Casino trust me after being in this wretched game these many years I've heard it all and seen it all Curacao is safe for now . 

 

They've empowered casino's with the ability to further deny cash outs on multiple levels R.I.P Malta its your own fault . 

[Flatzem]

[Hellridah]

Ask yourself the question would you send documents to a random person over the internet fully trusting them with your income source 

and with identification that is all you need to obtain credit not going to happen then there's basically the law which says pretty much  F U we don't have to

provide a thing give a round of applause for the visionaries in Malta apparently their trying to stop criminals . 

I'm sorry but which criminals are you trying to stop exactly none in their right minds would attempt to launder through a casino they tend to use crypto wallets and 

things that don't hit the radar you silly prats nobody believes the anti laundering excuses your simply trying to keep the wealth in Malta by any means necessary now 

watch it all bleed away to Curacao all they need to do is sit there like king farouk and soak up all the players real smart move guys [whistles] . 

[Blackjax]

1 hour ago, Astaroth said:

Ask yourself the question would you send documents to a random person over the internet fully trusting them with your income source 

and with identification that is all you need to obtain credit not going to happen then there's basically the law which says pretty much  F U we don't have to

provide a thing give a round of applause for the visionaries in Malta apparently their trying to stop criminals . 

I'm sorry but which criminals are you trying to stop exactly none in their right minds would attempt to launder through a casino they tend to use crypto wallets and 

things that don't hit the radar you silly prats nobody believes the anti laundering excuses your simply trying to keep the wealth in Malta by any means necessary now 

watch it all bleed away to Curacao all they need to do is sit there like king farouk and soak up all the players real smart move guys [whistles] . 

A casino recently asked me to send a selfie with my house visible in background. I just played the money and closed my account. Not going to show all that for $50.

[cocopop3011]

On 5/12/2023 at 7:06 PM, Blackjax said:

. I just played the money and closed my account

Haha, you're starting to sound like Afi  

[Afi4wins]

6 hours ago, cocopop3011 said:

Haha, you're starting to sound like Afi  

That's a good thing to do actually...one that all discerning players should do and follow! Never become a slave to casinos!!! 

[pinnit2015]

The reform of the Gambling Act in the UK, whilst not delivering a full KO to the regulated market here, will certainly have the count at 8. Still tbc but looking like

5 seconds between spins? Wtf - 5 second spins with no autoplay. That's a chore, not a hobby.

No bonus's? Meh - hardly is any now anyhow cos of a few reasons

Enhanced affordability checks which is basically saying: open banking, so someone on minimum wage can pretend to know what they're looking at. 

Stakes between 2-15 quid: they stopped short of a max stake of say 2 quid across the board. 

What the UKGC are doing is taking some headline grabbers: Someone loses 70k in 5 hours etc and using these, which i'm sure are hardly in a majority of cases, to dictate policy.  They even say: well, 8/10 players will not be subject to enhanced checks - so, the patterns of the 20% are driving policy changes that are so draconian they are to the point of madness. 

(checks in the background are mentioned which means soft searches for i imagine, pretty much everyone though)

My favourite though was enhanced powers to get ISP's to block certain off shore gambling companies...er, VPN's? That makes that new action pretty much pointless.  'Court Action' against black market sites? Arf, Arf - court against against a money laundering operation whose business is registered to a shed in Curacao? Good luck with that. 

New Ombudsman to allow redress to punters where casino's have failing with respect to player protection - can see them being flooded already with people crying about having lost - dunno if it'll cover general operator incompetence mind you. 

meanwhile, as places like Willy Hill offer up their 86% slots, not a peep (if they're that concerned about protecting players they should at least look at that because %'s like that are verging on robbery)

[Afi4wins]

5 minutes ago, pinnit2015 said:

The reform of the Gambling Act in the UK, whilst not delivering a full KO to the regulated market here, will certainly have the count at 8. Still tbc but looking like

5 seconds between spins? Wtf - 5 second spins with no autoplay. That's a chore, not a hobby.

No bonus's? Meh - hardly is any now anyhow cos of a few reasons

Enhanced affordability checks which is basically saying: open banking, so someone on minimum wage can pretend to know what they're looking at. 

Stakes between 2-15 quid: they stopped short of a max stake of say 2 quid across the board. 

What the UKGC are doing is taking some headline grabbers: Someone loses 70k in 5 hours etc and using these, which i'm sure are hardly in a majority of cases, to dictate policy.  They even say: well, 8/10 players will not be subject to enhanced checks - so, the patterns of the 20% are driving policy changes that are so draconian they are to the point of Madness. 

(checks in the background are mentioned which means soft searches for i imagine, pretty much everyone though)

My favourite though was enhanced powers to get ISP's to block certain off shore gambling companies...er, VPN's? That makes that new action pretty much pointless.  'Court Action' against black market sites? Arf, Arf - court against against a money laundering operation whose business is registered to a shed in Curacao? Good luck with that. 

New Ombudsman to allow redress to punters where casino's have failing with respect to player protection - can see them being flooded already with people crying about having Lost - dunno if it'll cover general operator incompetence mind you. 

meanwhile, as places like Willy Hill offer up their 86% slots, not a peep (if they're that concerned about protecting players they should at least look at that because %'s like that are verging on robbery)

Verging on robbery? Oh maaan...that is ALREADY daylight robbery!!! 

[Hellridah]

Looking back its a shame how much has changed over the years at one point things were looking rather good 

but I think its the age old case of greed and politics but here's the thing its like those silver and gold towns in the wild 

west when it runs dry your going to end up with ghost towns ...or ghost islands as it were . 

 

As I've stated many times before the players are the lifeblood of the industry when they dry up as will the industry 

that's just deductive logic . 

[pinnit2015]

It's hard to think of a lot more industries that have really capitulated over the years - the one you're looking at today has shifted so widely from that it was, even back in 2016.

Hard to pinpoint any sole reason, sort of like a melting pot between Government intervention (USA/Australia etc), inept Regulators (UKGC), increased political influence, a wider societal element (culture of players), some casinos going public (increased shareholder pressure) and casino practices in general.

It'll still continue though, albeit in a more slimmed down (a la Monarchy) form - certainly here in the UK. The real blow will be any limits to high rollers - who are pretty much the lifeblood of the slot element of a casino. 

Easy to think back with rose tints but in 2013/14 you could deposit, maybe grab yourself a perk to keep playing for long (i remember playing MG games over a weekend with 50 quid deposits), play slots that weren't robbing you at <90%  and at a proposed 5 seconds a spin, and never get asked for a P60. Only speak from here but one thing that had improved is the payout speed but casino's misuse their 'document request at withdrawal' still. 

You were spoilt for choice as well here years ago - had 50 to put in and probably had a good 8-10 casinos to choose from, depending on what perk you fancied. Money certainly goes nowhere near as far as it did - at 88% RTP's that's a mathematical given. 

For a lot of people it's time to move on and i don't blame them

[Hellridah]

In a lot of cases quite certain poor management skills are to blame for a lot of things then there's the regulators which in my opinion 

have somewhat turned Malta into a rotten sandwich I mean who's going to take a bite and with a lowered RTP easier to set fire to the money 

first so yeah I'm playing in curacao [shrugs] for the moment . 

[pinnit2015]

Bit of a linkage there as well - poor casino practices gave weight to allowing some 'pressure groups' to call them out as not doing x,y,z: which in turn, brings in the regulator who, to look like they're all powerful, use a sledge hammer to crack a nut.  Shouldn't really be a surprise that where some casinos specifically use data/marketing to target addicts there won't be some backdraft on the industry. 

You kind of see that in other areas where there is de-regulation - companies 'trusted' to monitor themselves, they don't and then comes the call for regulation when folk realise they're in a viper's nest. 

There must be some data on links between RTP drops and addiction - for me personally, if i had a good run on a deposit but never got to take anything out, but had play time - re depositing to play right again doesn't enter my head. If folk are busting out in record times then there comes that temptation to re-depo. The fact these various white papers never even mention RTP, kinda says it all. 

The guise of 'we're here to protect players as a casino'm is a joke as well:

 - protecting them from having casino's randomly pulling out: selfie on ur street nonsense?

 - protecting them from casinos using their own t's and c's (many of which are back of a ***** packet) to deny legit payouts

-protecting them from: hand over your companies accounts before we process withdrawals

Meh

[Hellridah]

Basically in a nutshell as far as it goes with source of funding / and source of wealth document requests for validation I see a number of 

security risks these risks were identified by a number people not merely myself : 

1. The Risk of Someone Using the Information for a fraudulent purpose . 

2. The Risk of Someone Using the Information for a Political purpose . 

3. The Risk of Someone Leaking the information to the media . 

Bottom line the word is Risk then there are the many clauses which can be invoked to deny cash outs that really is the jist of it so to speak 

and with the growing amount of fraud and information leaks going many will opt to just not comply that's the hard core fact of the matter and

something that needs to be reconsidered as player security and their privacy will erode under the current circumstances as a rule of thumb I don't 

trust nothing over the internet 100 percent never will . 

[pinnit2015]

There's a lot of instances where you have to wonder just how data security conscious casinos are:

Eg. those that still insist you send information via email....unencrypted email? Sure, what can go wrong.....If i told my bank to start exchanges sensitive info via my Outlook account I'd be met with a: no chance. 

How likely are they to restrict access to the info to small, vetted, employees? er.......Bare in mind as well, a lot of the staff in these places aren't exactly paid mega money so it couldn't be hard for groups to target such staff with the promise of ££££ if they slipped them a few details (I'm sure it happens as i know it happens elsewhere)

When GDPR came out, particularly around data minimisation, it was almost an acknowledge that your data will be leaked (and we've seen it happen with large companies with greater security protocols than a casino) so the best thing you can do is LIMIT what is shared/given to you. What do some casino's do? They refuse documents as they aren't unredacted, even though they don't actually need THAT other data if you send in (which is in itself a possible breach of data laws). -ergo increasing their data leak risk.

Pretty sure some casino hold more info and data points on you than your mortgage provider - which, when you think about it, is pretty insane.