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Monzo offers option to block gambling transaction.

Niji Narayan

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Photo credits: Bitcoin Exchange Guide.com
Reading Time: 2 minutes

Monzo, a UK-based bank that offers only mobile-based banking services, has come up with a unique service for those who want to self-exclude from all gambling activities. A soon-to-be-introduced feature in the bank’s app will allow the users to to block all gambling transactions from their Monzo accounts.

At present, Monzo’s policies about problem gambling include identifying certain behavioral patterns, initiating a “sensitive, tactful conversation” with the customer and then leading them to the direction of the GamCare charity, which provides free software to block customers’ access to gambling sites.

The new blocking functionality to its mobile app will come into effect “in the next few weeks.”

The feature will be included in the app’s settings, which, if switched on, will prevent the use of customers’ Monzo accounts from being used for gambling purposes, be it online or land-based.

Monzo said its new feature will rely on identifying merchant category codes, and the company will “do our best to block any payments you try to make” to merchants whose codes indicate a gambling connection.

Should a customer decide to disable the feature, Monzo will require them to “chat with customer support first.” Should the customer still wish to disable the feature following this chat, Monzo will impose a 48-hour time-out before the customer can make the switch on their mobile device.

Monzo calls these steps “positive friction” intended to ensure customers do not “impulsively” disable the self-exclusion, but do so only after they have had the chance to “understand the implications and make a considered decision.”

Monzo recognises that the feature “isn’t a perfect or catch-all solution” but the company pledged to tinker with the tech following its release in the hope of helping customers avoid financial problems related to gambling, rather than closing the barn door after the cows have bolted.

Monzo is also considering allowing customers to set a “30-day rolling gambling limit” that would prevent gamblers from exceeding their spending, requiring a “trusted friend” to authorise gambling transactions, lowering limits on cash withdrawals and other payments, and setting aside money for bills in a “protected” zone that ensures customers cannot blow the rent or car payment on gambling.

Last year, the GambleAware charity issued a report that claimed the industry’s retail self-exclusion scheme was performing well, but investigative media poked a few holes in that claim. In March, Paddy Power Betfair rolled out a new electronic self-exclusion system, replacing its retail paper-based system.

Online gambling accounted for 96 per cent of self-exclusions in a recent UK market study and the UK Gambling Commission has been spanking numerous UK operators for failures in their individual self-exclusion programmes.

 

Source: calvinayre.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Sports Betting and Online Casino Operator Betzest goes live with RedRake Gaming

Zoltan Tundik

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Online Casino Betzest released the full suite of RedRake online gaming content into their portfolio.

Betzest increases their offering in a new partnership with RedRake which will give their players the opportunity to access to RedRake full range of online slots and jackpots.

The online casino and sports betting operator Betzest, is experiencing massive growth since its launch in 2018 and increased its portfolio to over 1400 online slots.

Marius Filip, Founder/CMO at Betzest, said: “We’re thrilled to have gone live with RedRake, and continue our revenue growth with innovative games from many of the industry’s leading game studios. Betzest has gone from strength to strength in the last 11 months, as we continue to sign up and launch more top casino providers. Stay tuned as we have a few exciting things coming up in the next period of time.”

Nick Barr, Managing Director at Red Rake Gaming, said: “We are delighted to have been selected as the next casino provider in Betzest’s roadmap. We are very encouraged by the results we have seen coming from the Betzest players and confident this will continue to grow as we release our newest games in the portfolio. Red Rake Gaming and Betzest have the same goals, to provide players with the best gaming experience, so we could not be happier working with the Betzest team.”

 

About Betzest

Betzest is an online sportsbook and casino company offering sports betting and casino type games. Betzest also offers Live Betting, Live Casino and Virtual Sports services. Today Betzest has more than 50 employees across four offices all committed to delivering amazing player experiences on each of their verticals, partnering with top providers of only the highest quality.

About Red Rake Gaming

Red Rake Gaming, an online casino provider, offers a wide and varied portfolio of top-performing games across various markets including Belgium, Italy, Spain, Portugal, Romania, Malta and the UK. As a boutique provider to the iGaming industry, we pride ourselves on working closely with our partners to drive their revenues through our high-quality game production, exclusive promotions and flexibility to accommodate their individual needs. Coming from a strong social background, Red Rake Gaming content has already been proven in the social casino space, with all the success from social applied to our real money gaming. Since its inception, Red Rake Gaming has experienced significant growth, and demand for featuring rich games continues to strengthen. With over 30 top-performing slots, video bingo’s, video poker and table games, Red Rake Gaming has games to meet all operators’ requirements.

For more information on industry-leading content, please visit: www.redrakegaming.com

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1ClickGames figured how to replace human labour with innovative ATM and POS

Vlad Poptamas

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1ClickGames has created a business solution that will satisfy both clients and customer needs. The main goal of each gaming business whether land-based or online is to reduce costs and make most processes automated. Less human labor, more machine, this is the credo of 1ClickGames innovational products for retail business.

 

1ClickGames is happy to announce the updated mobile POS terminal and Interactive Lottery Terminal/ATM.   Mobile POS (point of sale) – is an Android-based retailer terminal, which can operate anytime and anywhere, and is loaded with all the necessary cashier functions. The device has a touch screen, printing module, and a new Android system. Terminal supports a full range of lottery games and sports bets; which all can be adapted to the market you operate in to satisfy your customers’ needs.

The Interactive Lottery Terminal/ATM is a self-services machine, that provides multiple intuitive modern technologies to significantly increase engagement with a customer. It provides cashless payments, lottery ticket purchase, payout of winning ticket or exchange. The ATM is available in English, Spanish, German, French, Italian and additional languages.

 

Maxim Terehovich, 1ClickGames CEO: Technology does not stand still and we keep pace with the times. We constantly monitor customer needs, problems or desires, creating products that will start working from the first-time client will turn it on. Our company understands the importance of making gaming portative, providing services in the regions with bad infrastructure or low internet accessibility. The POS and ATM are great solutions for companies that want to automate some of their selling processes and reduce expenses on employees.

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Losers and Winners of Online Gambling in China

Niji Narayan

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Photo source: aljazeera.com
Reading Time: 1 minute

Countless ordinary Chinese people, driven by greed and ignorance, have fallen into online gambling like the moths flying towards the fire.

In 2018, Chinese handset maker Gionee was forced into bankruptcy liquidation. The reason was that Liu Lirong, the owner of Gionee, gambled and lost more than 1 billion Chinese yuan in Saipan Island, leading to a shortage of operating capital and final bankruptcy.

Traditional Confucianism holds that gambling means greed and depravity. Many Chinese literary works and academic studies have portrayed Chinese gamblers and many people think that Chinese people are fond of gambling.

Before the rise of online gambling in many countries, China’s neighbouring countries once set up casinos in border areas with China to attract Chinese tourists and gamblers. Gambling-related criminal cases caused a lot of trouble for the Chinese government. Under pressure from the Chinese government, casinos in many border areas had been shut down.

The rise of online gambling has changed the story. Gaming companies have been able to spread their tentacles into every corner of China with the help of internet.

The reason why the gaming companies in the Philippines employ a large number of Chinese employees is that all of the Chinese employees can speak Chinese and most of the customers they serve are Chinese citizens.

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