BETAT - Closing its doors

[CM_BETAT]

3 hours ago, catapultaudio said:

Okay so I read the UKGCs statement as, they have not been shown satisfactory details as to where  the funds used to purchase the casino came from is that correct?? 

If so I'd have thought the taxman and the police would be "helping to clarify" the situation soon enough, no? 

Indeed catapultaudio..

Should this have been a matter of concern to the police, then of course, the police would have been involved. But this is nothing of the sort. Like I said, in the latest audit the gambling commission were clear that a license would be issued should an application happen now.  

[pinnit2015]

Officially leaving UK, on 2nd January, for 'strategic reasons' 

[ValDes]

Thanks for the heads up, Mr P.  

@CM_BETAT, additional info on the matter will certainly be much appreciated. Thank you in advance.  

[pinnit2015]

Brexit, really?

 

[cocopop3011]

10 hours ago, pinnit2015 said:

Brexit, really?

 

No way!!!! Brexit can only mean good things for the UK. It may take some time for that to happen but I believe that to be true. Their loss imo. 
 

It’s making me wonder if other operators will pull out once we’re officially out

[pinnit2015]

4 hours ago, cocopop3011 said:

No way!!!! Brexit can only mean good things for the UK. It may take some time for that to happen but I believe that to be true. Their loss imo. 
 

It’s making me wonder if other operators will pull out once we’re officially out

No comment 

Maybe the rep can add what was the outcome of their appeal to the UKGC over licence revocation cos i'm sure that had the potential to play a bigger part in the decision than something that's not even happened yet.

I think A. Taxes and B. RG compliance/possible fines are a bigger deterrent to UK facing casinos. 

[ValDes]

8 hours ago, pinnit2015 said:

No comment 

Maybe the rep can add what was the outcome of their appeal to the UKGC over licence revocation cos i'm sure that had the potential to play a bigger part in the decision than something that's not even happened yet.

I think A. Taxes and B. RG compliance/possible fines are a bigger deterrent to UK facing casinos. 

.... plus C. UK customers among the most difficult ones to deal with and most probably D. epic, pandemic proportion of SE/Gamstop fraud among UK players. 

[pinnit2015]

31 minutes ago, ValDes said:

.... plus C. UK customers among the most difficult ones to deal with and most probably D. epic, pandemic proportion of SE/Gamstop fraud among UK players. 

Agree but surely part of the issue is that, under MGA for example, the SE only applies to the actual brand, not across all sister sites/white labels etc like in the UK so it's natural that most SE issues would flow from the UK given this?

Also, casino's don't exactly help themselves here when they actively allow players to register exactly the same details on other sites and don't prohibit at the point of a/c creation (L&L stop you as soon as you enter the details for example the others not all the time..)

[pinnit2015]

As for GS; yeah, not including a space in certain fields seems to circumvent it etc. You’d have thought someone would have thought of that.

We can be quite creative in the U.K.

[ValDes]

I've seen many people in vulnerable situations choosing fairness and admitting their fair share of guilt instead of  going  with pathetic fraud attempts...  A matter of self-dignity and first 7 years I guess.  

You are totally right about GS and UKGC RG related 'strains' - would have been a much better idea to consider all pros and cons and come up with complete plan (like A to Z) prior blowing off the entire business with revolutionary requirements without providing any tools for the purpose.... Sigh! 

Anyway, it is what it is but the fact remains - the concussions on the UK gambling market continues with full steam and no one out there knows or could see the end of it. 

[pinnit2015]

1 hour ago, ValDes said:

I've seen many people in vulnerable situations choosing fairness and admitting their fair share of guilt instead of  going  with pathetic fraud attempts...  A matter of self-dignity and first 7 years I guess.  

You are totally right about GS and UKGC RG related 'strains' - would have been a much better idea to consider all pros and cons and come up with complete plan (like A to Z) prior blowing off the entire business with revolutionary requirements without providing any tools for the purpose.... Sigh! 

Anyway, it is what it is but the fact remains - the concussions on the UK gambling market continues with full steam and no one out there knows or could see the end of it. 

Agree,we have a culture now of no responsibility amongst players but sitting side by side that is casinos previously willing to take money off SE players though knowing they could trot that out if they won.

What’s important is sorting it out and, though I don’t have any stats easy to hand, I don’t know if there’s much of a solution at present. Now seen the move of GS players playing in non UKGC jurisdictions and claiming ‘they shouldn’t have let me, money back please’; another symptom of the same mentality I guess.

Google payday loans UK irresponsible lending and you’ll see some common threads (though different, some similar commentary)

 

[cocopop3011]

9 hours ago, pinnit2015 said:

Google payday loans UK irresponsible lending and you’ll see some common threads (though different, some similar commentary)

Oh you mean the borrow £100 with a 5000% APR ones 

[pinnit2015]

3 minutes ago, cocopop3011 said:

Oh you mean the borrow £100 with a 5000% APR ones 

Now capped at x2 the original amount borrowed so usually in and around the 1000% mark 

Speaking of which, they've all gone to the wall as well; 3 more into administration this week 

Moral of story:

Casino's are evil, offering vice like hobbies to the degenerates and must be curbed

Payday lenders target vulnerable groups of folk but can still operate at a mere 1000% interest rate

Ironically, the 2 go hand in hand 

[ValDes]

On 1/3/2020 at 11:31 PM, pinnit2015 said:

Now capped at x2 the original amount borrowed so usually in and around the 1000% mark 

Speaking of which, they've all gone to the wall as well; 3 more into administration this week 

Moral of story:

Casino's are evil, offering vice like hobbies to the degenerates and must be curbed

Payday lenders target vulnerable groups of folk but can still operate at a mere 1000% interest rate

Ironically, the 2 go hand in hand 

Call it 'perks of modern society/economy'... 

[pinnit2015]

More details re Maxent: https://www.gamblingcommission.gov.uk/news-action-and-statistics/news/lessons-from-maxent-limiteds-licence-revocation-change-of-corporate-control-and-source-of-funds-concerns

You don't need to be a rocket scientist to read into what's been said 

No doubt the rep will wishy wash it all away as they have done before. 

Nothing to hide? After the provision of this further material, evidence of source of funds remained outstanding.

Course not. 

But yeah, it's Brexit's fault apparently 

 

[ValDes]

Yeah, read the article today and oh my, even the UKGC tone of voice which is usually rather diplomatic and soft this time say it all...  

On top of that Slotty Vegas complaints are piling by the day on both international and DE AskGamblers versions. All re delayed payments. So far handled accordingly by their reps, but...

[pinnit2015]

6 minutes ago, ValDes said:

Yeah, read the article today and oh my, even the UKGC tone of voice which is usually rather diplomatic and soft this time say it all...  

On top of that Slotty Vegas complaints are piling by the day on both international and DE AskGamblers versions. All re delayed payments. So far handled accordingly by their reps, but...

You get a Regulator and you are purposely HOLDING back and not disclosing information to them, somethings not right.

If it looks like a duck, quacks like a duck, don't be surprised to find it's a duck. 

Sad end to, what i believed, was an excellent casino back in the day *UK wise - if it wasn't for those pesky kids at the UKGC and Brexit*