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3 million) but escaped any such sanction by pre-emptively forsaking its license.3 million) but escaped any such sanction by pre-emptively forsaking its license. It purportedly furthermore explained that its subordinate’s United Kingdom license had already been due to expire in October, which is the same month it had made a charitable donation worth ￡620,000 (0,800), and that it has since ‘invested significantly’ so as to ensure similar breaches do not re-occur....

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Learning lessons:However, McArthur used the press release to pronounce that the regulator is continuing its investigations into PTES Limited even though the firm has ceased trading ‘as the lessons from this tragic case must be learned by all operators’. The regulator’s investigation purportedly determined that the operator had moreover provided the Sheffield-based customer with VIP status without first verifying whether he could indeed afford the amounts of money with which he was gambling.Severe shortcomings:The Gambling Commission used an official Wednesday press release to proclaim that its inquiry had uncovered ‘serious systemic failings’ in the now-shuttered operator’s anti-money laundering and social responsibility protocols alongside ‘more general failings’ regarding the way the firm had ‘interacted with its highest spending customers....

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Chris Bruney had purportedly been granted VIP status by the two domains but took his own life in April of 2017 at the age of just 25 shortly after gambling away some ￡119,395 (6,370).”Advanced assessment:In responding to the findings of the investigation, London-listed Playtech reportedly told the BBC that it had decided to close the websites run by PTES Limited prior to the initiation of the Gambling Commission’s action. Operators must do everything in their power to interact with customers responsibly....

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uk reportedly surrendered its license last year before the damning results of an official investigation into its social responsibility and anti-money laundering processes could be released. I want to thank them for their bravery in bringing his case to our attention and we are grateful for the way they have worked with us in such terrible circumstances so that we could understand what happened.According to a Wednesday report from the British Broadcasting Corporation (BBC), PT Entertainment Services (PTES) Limited was being examined by the Gambling Commission for alleged failings into the way its VIP scheme had checked whether players could actually afford their losses....