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Online Gambling Operators Must Make It Easier And Fairer For Players To Withdraw Their Cash - Media, Telecoms, IT, Entertainment - UK

Online gambling operators have been warned that they must removeunfair restrictions placed on customers withdrawing money fromtheir gambling accounts or face enforcement action by the GamblingCommission. The Competition and Markets Authority (CMA), which has beeninvestigating the gambling sector after finding that a number ofgambling operators use unfair practices and terms and conditions,has published enforcement action against twofurther operators. The two operators concerned, Jumpman Gaming and Progress Play,had been imposing maximum limits on the amounts that customerscould withdraw from their accounts, leading some customers towithdraw their money in instalments over an extended period. TheCMA considered that these terms were more likely to enticecustomers to gamble again where they might otherwise have made awithdrawal. Jumpman Gaming and Progress Play have agreed to amend theirterms and conditions to remove these unfair restrictions, alongwith other terms which allowed the operators to confiscate moneyfrom players' accounts when the players had not logged in for acertain amount of time, or where the players did not meet theiridentity check rules within a specific timeframe. With regard to the latter restriction, the CMA has emphasisedthat, whilst companies need to be able to make appropriate andproportionate identity checks to help prevent money laundering andfraud, confiscating someone's money simply because they do notprovide information within a specific time frame, is not consideredto be a justified course of action. Gambling Commission expects all online gambling operators http://vegasonline4s4.metablogs.net/some-challenging-ideas-for-vegas-products tofollow suit The Gambling Commission has expressed its support for thechanges being made by the two operators subject to the CMA'senforcement action, and confirmed that it expects gamblingoperators across the sector to apply the same standards. TheCommission's press release on the issue also refers to the new rules published on its website on 1 August2018, which make it quicker and easier for the Commission totake action for breaches of consumer law, and points out that thisincludes taking action where operators breach the principles laidout by the CMA. For further information on the new enforcementaction rules, which take effect on 31 October 2018, see our Augustbriefing: Gambling Commission strengthens consumer-related licenseerequirements: new LCCP to apply from October 2018 .

For the original version including any supplementary images or video, visit http://www.mondaq.com/uk/x/735698/Gaming/Online+Gambling+Operators+Must+Make+It+Easier+And+Fairer+For+Players+To+Withdraw+Their+Cash

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How to manage your online gambling budget

With such a strategy, you can not only stretch the existing budget for a long time but also get rid of the high financial risks with which the game involves larger bets. That is, playing at minimum rates is not only as economical as possible but also almost completely safe. For this game process, minimal risks are inherent, which means that it is suitable even for beginners; Playing slots with a minimum budget, you can save not only at the expense of the size of bets but also at the expense of the number of lines. The aggregate budget of the game process is calculated as the product of the unit rate on the number of lines. That is, with a decrease in the number of lines, the amount that is at stake is automatically reduced.

For the original version including any supplementary images or video, visit http://baltimorepostexaminer.com/how-to-manage-your-online-gambling-budget/2018/09/20

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