This is why casinos prefer offshore license

[Italian Panic]

What are your thoughts on this?

This doesn’t surprise me at all, because casinos are just doing their job; this man probably should have stopped sooner or asked for help to get out of this situation. Addiction is a nasty business, and the money of people in these extreme situations should probably be frozen and handed over to a guardian before things like this happen. I have heard of online casinos that made 3.5 million dollars in their second month of operation; we can see that this is a matter of some significance. This money come from somewhere.

[Nightwatchmare]

People can claim that casino are preying on them all they want but the truth they keep avoiding is that signing up with a casino is a personal choice, if you are willing to gamble then you should be willing to lose money, a person can't be careless enough to lose over $200k in gambling and then blame the casino for it, i understand why the regulators do the things they do but sometimes people should be held accountable for their own actions and maybe the world will be a better place.
I have personally never seen a casino that would force a person to deposit money onto their site, with most casinos you can even close your account if you want to, but once someone gets careless everyone wants to blame the casino, we should blame the gamblers too, I don't blame the casino when I lose money to it.

Casino owners do not always feel happy when gamblers are always winning if it is possible for gamblers to lose huge amount of money under short period of time casino owners would be happy, and they can even make gamblers to keep losing, this is the reason governments regulate casino so as there will be player protection. When a gambler won £260,000 and losses £200,000 under 12 days this show that the casino do not care to protect the gambler and make him gamble responsible or for him to take a break when he was losing, they care how the gambler will lose the £260,000 he won, so the regulators did the right thing to fine three casino operators own by Rank Group.

[Yeesha]

This is probably one of the reasons why some casinos avoid getting licensed by strict regulators, as they might end up losing a significant amount of their capital in penalties.

Just like what happened to Grosvenor Casinos, whose owner was fined £5 million after failing to meet its social responsibility obligations including a case involving a player who lost £250,000 within just 12 days without any recorded safer intervention by the casino.
What are your thoughts on this?

What exactly do you expect from casinos? They don't really care if a player loses a huge amount of money. In fact, they would be happier if the player lost everything in one day and deposited more money just to keep playing. That is simply business for them. Casinos will never be happy with strict government regulations because they know how they make their money from players. Getting a licence in the first place already puts certain restrictions on them. They would be even happier if they were not required to obtain a licence, as that would allow them to operate freely and do whatever they wanted with players' money.

Their only concern is on how they will accumulate profits, why will it matters to them if a player loses, after all it is their gain. But still, they use to be extra careful about it. So, does not want players to lose unnecessarily, because if anything happens to the customers, then the casino will have so much to lose. If the customers keep losing and the casino failed to take any safety measure, the players will definitely quit from that particular casino, and what will happen to the casino if the players or customers stop using it? The casino will definitely collapse. And that will be the end of their business, profits and everything that get from it. So as a result of that, the casino will not risk it.

[NanLomarig]

What are your thoughts on this?

I'd say for players a strict regulator is a good sign, since it means someone actually checks if the casino protects them. A case like that, with no intervention at all, shows why those rules exist. Honestly I'd rather play where a fine like that is possible than where nobody checks anything.

[9ja Amaka]

People can claim that casino are preying on them all they want but the truth they keep avoiding is that signing up with a casino is a personal choice, if you are willing to gamble then you should be willing to lose money, a person can't be careless enough to lose over $200k in gambling and then blame the casino for it, i understand why the regulators do the things they do but sometimes people should be held accountable for their own actions and maybe the world will be a better place.
I have personally never seen a casino that would force a person to deposit money onto their site, with most casinos you can even close your account if you want to, but once someone gets careless everyone wants to blame the casino, we should blame the gamblers too, I don't blame the casino when I lose money to it.

Casino owners do not always feel happy when gamblers are always winning if it is possible for gamblers to lose huge amount of money under short period of time casino owners would be happy, and they can even make gamblers to keep losing, this is the reason governments regulate casino so as there will be player protection. When a gambler won £260,000 and losses £200,000 under 12 days this show that the casino do not care to protect the gambler and make him gamble responsible or for him to take a break when he was losing, they care how the gambler will lose the £260,000 he won, so the regulators did the right thing to fine three casino operators own by Rank Group.

This is business. In the gambling business, when the casino loses, the gamers are making the profit, when the gamers lose, the casino is making the profit.

Also, the rules are there to protect the gambler. But gamblers sometimes fail to read the rules. If the investigation wasn't done, this news won't be outbreak.

Casinos, on their own part, sometimes are relentless in enforcing that gamblers comply with the rules. The Rank Group genuinely brought this upon the company.

[Miles2006]

Casinos now take full responsibility for a player irresponsible gambling? I Believe the license operators must have provided the rules first and if a casino decides to register with a specific license then they probably know the outcome. As stated by the op concerning the charge, if the gambler aggressively played the game and then end up losing everything, I don’t mind what the casino did at the moment to either stop the gambler basically casinos also want to earn profit. From my point of view the casino should be ready to face any penalty because they did sign up for that while I don’t find the law best definitely a regulation would have saved the gambler from making a mistake who knows? Or maybe a restriction for some time, I know casinos don’t intend to stop the attempt.

[Fiatless]

Casinos now take full responsibility for a player irresponsible gambling? I Believe the license operators must have provided the rules first and if a casino decides to register with a specific license then they probably know the outcome. As stated by the op concerning the charge, if the gambler aggressively played the game and then end up losing everything, I don’t mind what the casino did at the moment to either stop the gambler basically casinos also want to earn profit. From my point of view the casino should be ready to face any penalty because they did sign up for that while I don’t find the law best definitely a regulation would have saved the gambler from making a mistake who knows? Or maybe a restriction for some time, I know casinos don’t intend to stop the attempt.

I am not holding brief for these casinos, but sometimes these casinos don't intentionally break the terms and conditions of their licence. Unprofessional staff might be the reason why they fail to obey the law. Some staff might fail to carry out the policies of the casino because of ignorance or nonchalance. However, any casino that willing break the law should be sanctioned. But regulators would have to do a thorough investigation before imposing these sanctions. Gambling sector investors would avoid a country that has strict regulatory laws. So there is need to be flexible and considerate.

[FinneysTrueVision]

All those shady casinos from Curacao and Anjouan that have countless unresolved complaints would never survive in the UK. That’s not to say that every casino licensed in those places is a scam, but there is far less accountability and protections for players.

Gamblers might be aware of the risks of playing on a casino with a license that isn’t from the most reputable regulator but they accept the tradeoffs for the increased freedom. UK and US casinos, for example, don’t allow crypto deposits as far as I know and everything is more strictly controlled.

[Antotena]

Casino owners do not always feel happy when gamblers are always winning if it is possible for gamblers to lose huge amount of money under short period of time casino owners would be happy, and they can even make gamblers to keep losing, this is the reason governments regulate casino so as there will be player protection. When a gambler won £260,000 and losses £200,000 under 12 days this show that the casino do not care to protect the gambler and make him gamble responsible or for him to take a break when he was losing, they care how the gambler will lose the £260,000 he won, so the regulators did the right thing to fine three casino operators own by Rank Group.

They don't have any reason to be. No gambler likes it when they see their money taken away from them. Have you lost winning streak because one team fail to score one goal or conceded when the match was about to end, those are the kind of games that gives you sleepless night. If the casino lose money, they should remember when gamblers lost to them. There is nothing that should justify been angry just because they won, they also win millions from them.

If not for the fact that gamblers lose to casino at most times, you really think the casino are going to be working? It's give and take, the casino gives and take from other side while many gives casino bit few take from casino, that's the reality of gambling.