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Operators can be in no doubt about our expectations. The body proclaimed that the fresh specifications will also mandate that such operators regularly verify any information with which they are supplied by high-value individuals and habitually conduct ‘gambling harm checks’ in order ‘to spot any signs of harm. If significant improvements are not made, we will have no choice but to take further action and ban such schemes....
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In the United Kingdom and the Gambling Commission regulator has announced the launch of new rules that have been designed to prohibit iGaming operators from offering irresponsible VIP customer schemes.The organization used an official press release to pronounce that the revised guidance is part of a campaign ‘to strengthen consumer protection’ and was formulated in consultation following the emergence of ‘repeated instances’ where operators had demonstrably failed ‘to protect high-value customers.’Tough terms:The authority stated that the provisions of its latest direction are to require online gambling firms to hold up-to-date evidence concerning the identities, source of funds and occupations of their VIP players and continually assess whether anyone in this pool is exhibiting signs of ‘gambling-related harm’ or heightened vulnerability....
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