The Rank Group penalized for €500,000 fine
In our news, we regularly report on the work of regulators whose job it is to monitor the providers of online gambling. One of the authorities' tasks is player protection. As a result not too long ago, Mr Green was fined €312,000 by the Dutch regulator. Even the video game developer Electronic Arts is having problems with the Belgian authority. This time, we are reporting on the UK Gambling Commission, which has fined the Rank Group £500,000.
A loss of £1 million in just 24 hours
The Rank Group operates the land-based Grosvenor Casino, which can also be visited online. In the casino, a player who obviously suffers from a gambling addiction lost a whopping £1 million in just 24 hours. After an investigation, the UK Gambling Commission concluded that the operator failed to intervene in the risky gambling behaviour of the individual.
The punishment could have been much higher
Since the Rank Group demonstrated openness and cooperation during the investigation and acknowledged the misconduct, the UK regulator condemned the operator to a fine of only £ 500,000, which could have been much higher.
That's just one of the reasons why you should only play in a licensed online casino. A trusted provider is, for example, SlotsMillion, which has a license from the regulator of Malta.