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Ladbrokes Coral Escapes Fine for Secrecy over Gambler’s £1M Theft

Niji Narayan

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Ladbrokes Coral Escapes Fine for Secrecy over Gambler’s £1M Theft
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The British betting and gambling company Ladbrokes Coral is set to escape a fine for telling the victims of a £1m theft by a problem gambler that it would only compensate them if they did not report the case to the regulator.

The Gambling Commission began investigating Ladbrokes after it was revealed that the company encouraged gambling addict Tony Parente – and people he admitted stealing from – to sign a non-disclosure agreement (NDA).

The regulator has issued “guidance” to companies about their use of NDAs, and told Parente it was “satisfied that the NDA you were signatory of did not breach any of our licence conditions or regulatory requirements.”

Ladbrokes showered Parente with thousands of pounds worth of gifts over two years as he lost up to £60,000 a day with money he later admitted he had stolen.

Labour MP Carolyn Harris said the decision that Ladbrokes cannot be fined over the NDA showed the commission was not fit for purpose. “Until we reshape the gambling regulations in this country, the industry will continue to exploit and hold vulnerable gamblers to ransom,” she said.

She added that the commission was “complicit in what is actually abuse – of power and of individuals.”

“In this particular instance the full details were reported by the operator and we have since issued them with advice over their conduct regarding NDAs. We have also ensured that all future NDAs make clear that parties to the agreement can inform the relevant regulator,” the commission said.

Ladbrokes could still be fined for encouraging Parente to keep betting with free gifts, cashback on losses and bonuses. “We are still to conclude all matters relating to this individual and are unable to comment further at this stage,” the commission said.

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Conferences in Europe

Prague Gaming Summit 2020 speaker profile: Panagiotis Skyrlas (Head of Information Security & Compliance – Group DPO at Betano-Stoiximan) 

Alex Marginean

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The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe.

On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “Market Rundown: Ukraine, Poland and Greece”

As mentioned in earlier press releases, Prague Gaming Summit 2020 will bring a brand new format of speeches and more trending themes as it did in the early years.

Among the leading experts that will share their latest information, you have the opportunity to hear a fresh update about the new regulation of the Greek gambling industry from Panagiotis Skyrlas – Betano-Stoiximan

Panagiotis Skyrlas holds the position of Head of Information Security and Compliance at Betano-Stoiximan and has over 20 years of experience in the areas of Information Security, Risk Management, Compliance, and Data Privacy. He has completed numerous licensing projects and regulatory consultations in many European countries such as Greece, Romania, Cyprus, Portugal, Austria. He has served as DPO for over 10 years. Since 2018 he also holds the position of Vice President of the Institute of Information Systems Audit and Control Association.

Do not miss this unique opportunity to learn and networking with the leaders of the industry.

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Here is a testimonial that has been left by Dr. Raffaela Zillner, one of the attending delegates of the 2019 edition of Prague Gaming Summit:

A conference of great quality. Not only excellent content is presented by top experts, but also the industry is moving closer together through many networking opportunities.

Dr. Raffaela Zillner, LL.M

Secretary General, Austrian Association for Betting and Gambling

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Conferences in Europe

Prague Gaming Summit 2020 speaker profile: Anastasios (Tassos) Panagiotaros (Sales Director at Golden Race – Virtual Sports & Betting Solutions)

Alex Marginean

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The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe.

On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the “You Thought Millennials Are Hard To Please? Are You Ready For Generation Z?”

As mentioned in earlier press releases, Prague Gaming Summit 2020 will bring a brand new format of speeches and more trending themes as it did in the early years.

Among the leading experts that will share their latest information, you have the opportunity to hear more about Virtual Sports  from Tassos Panagiotaros – Golden Race – Virtual Sports & Betting Solutions

Tassos Panagiotaros holds the position of Sales Director at Golden Race, the leading Virtual Games provider.

Tassos started his career as a Software Engineer in the Telecoms industry. He soon switched to the Operations and Sales, having held, in the last 20 years, Senior and C-level positions in Public Listed companies, in Gaming, IT and Telecoms sectors, in different countries worldwide.

His academic background includes a BSc in Physics from the University of Patras, Greece, and an MBA from the University of Strathclyde, UK.

Do not miss this unique opportunity to learn and networking with the leaders of the industry.

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Here is a testimonial that has been left by Donata Szabo, one of the attending delegates of the 2019 edition of Prague Gaming Summit:

Fantastic event: well-organized, interesting and keeping up with the latest trends; a leader in its field!

Donata Szabo

Junior Legal and Research Manager at GamblingCompliance

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Asia

China Vows to Work with Philippines to Combat Online Gaming Crimes

Niji Narayan

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China Vows to Work with Philippines to Combat Online Gaming Crimes
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China has vowed to work closely with the Philippines to combat cyber-criminal activities arising from Philippine Offshore Gaming Operations (POGOs), according to a statement issued by the Chinese Embassy in Manila.

“The Chinese side would like to continue to work closely with the Philippines to combat such crimes as telecommunications fraud, illegal online gambling, money-laundering, illegal employment, kidnapping, extortion, torture, murder and the like so as to effectively protect the legitimate rights and interests of nationals of the two countries, and to promote the China-Philippines friendship and cooperation,” said the statement.

The embassy released the statement after local media reported that the Ministry of Public Security of China has cancelled the passports of thousands of Chinese nationals working for the Philippine Offshore Gaming Operations (POGOs).

In order to crack down on cross-border telecom fraud crimes, the embassy said China’s Ministry of Public Security has obtained a list of Chinese nationals suspected of committing long-term telecom fraud crimes abroad, who are classified as the persons prohibited from exiting China according to the Exit and Entry Administration Law of China.

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