Jump to content
Sign in to follow this  
Making Plans

Leo Vegas

Recommended Posts

Another dodgy sponsor - fined £627k for misleading ads and not protecting vulnerable customers. No link but it''s on the BBC business page.

Share this post


Link to post
Share on other sites
Hardly to sort of Company "the best club in the land" would want to be associated with or for that matter the owners of this board who carry their adverts.

Share this post


Link to post
Share on other sites
Of course, this is a pittance in comparison to some of the fines fielded by more reputable companies and sponsors of other clubs such as AIA/AIG etc

Ultimately, it’s a pretty dramatic stretch to try and suggest that this in any way reflects on Norwich City, in my opinion anyway.

Share this post


Link to post
Share on other sites
Money talks, sponsorship is money.

I still don''t like the fact our main sponsor is a betting shop and will continue to boycott the personal purchase of replica shirts (or other stuff) with this sponsor on.

Petty to some I''m sure.

Share this post


Link to post
Share on other sites

"LeoVegas has become the latest betting firm to be fined for accepting bets from problem gamblers who had asked to be barred, as a planned industry-wide self-exclusion scheme is delayed.

The Gambling Commission forced LeoVegas to pay a £600,000 penalty for a series of transgressions after a review of the company’s licence to operate in the UK.

The majority of the failings relate to self-exclusion systems, which allow gamblers to bar themselves voluntarily from placing bets with a company.

The regulator found that 1,894 LeoVegas customers were sent marketing material despite having signed up to its self-exclusion scheme. More than 400 customers were allowed to bet £200,000 over two months, without the company speaking to them first or applying a 24-hour “cooling-off” period."

Makes a nonsence of the idea that these grubby companies are trying to self regulate.


Share this post


Link to post
Share on other sites
[quote user="nutty nigel"]Does this mean we''re no a community club then[:^)][/quote]

No, we are a community club because by endorsing LV we are encouraging the gambling community to bet more than they can afford to lose.

Share this post


Link to post
Share on other sites
Guest
Is it the gambling or the level of gambling?

Would it be acceptable for Gala Bingo?

Or Camelot?

Or Health Care Lottery?

Share this post


Link to post
Share on other sites
What does this have to do with us being a community club. Or is this just the usual hateful drivel from folk who believe a community family football club is tinpot.

The changes in gambling legitemacy was through conservative government launching the national lottery which targeted the poorest people in society in order to give further tax cuts. Successive greedy government''s deregulated the industry. Now these companies get to regulate themselves. Problem some of them are as greedy and heartless as the governments that spawned them.

Share this post


Link to post
Share on other sites

" in order to fund tax cuts" 😀

Where does the money go? 

The precise breakdown of where the money goes depends on the actual level of sales, the types of game being sold and the period of the licence that has been reached. The average breakdown for every £1 of ticket sales in 2015/16 was (totalling 99p due to rounding in each category):

  • 53p paid to winners in prizes
  • 25p given to good causes
  • 12p to the government in lottery duty
  • 4p paid to National Lottery retailers on tickets sold
  • 5p retained by the operator to meet costs and returns to shareholders.

Share this post


Link to post
Share on other sites
I guess it depends on what is a good cause. An extra nurse at a children''s hospice or the churchill papers.

Share this post


Link to post
Share on other sites
And if there was no lottery who would have financed these causes and what do they do with the money now the lottery finances it?

It''s amazing how gullible some people are..

Share this post


Link to post
Share on other sites
[quote user="Van wink"]

"LeoVegas has become the latest betting firm to be fined for accepting bets from problem gamblers who had asked to be barred, as a planned industry-wide self-exclusion scheme is delayed.

The Gambling Commission forced LeoVegas to pay a £600,000 penalty for a series of transgressions after a review of the company’s licence to operate in the UK.

The majority of the failings relate to self-exclusion systems, which allow gamblers to bar themselves voluntarily from placing bets with a company.

The regulator found that 1,894 LeoVegas customers were sent marketing material despite having signed up to its self-exclusion scheme. More than 400 customers were allowed to bet £200,000 over two months, without the company speaking to them first or applying a 24-hour “cooling-off” period."

Makes a nonsence of the idea that these grubby companies are trying to self regulate.


[/quote]

😂🙈

Clueless.

Share this post


Link to post
Share on other sites

nutty nigel wrote the following post at 02/05/2018 8:52 PM:

And if there was no lottery who would have financed these causes and

what do they do with the money now the lottery finances it?

It''s amazing how gullible some people are..

Yes indeed, if anyone believes government would have invested in the "good causes" to the level that the lottery fund has they are extremely gullible.

Share this post


Link to post
Share on other sites
That worked well.

VW, you’re clueless. It will never be perfect because people can’t be trusted - on both sides of the coin.

However, regulation continues to become more stringent, especially on the high street, but on line gambling is still a minefield as it is largely and essentially faceless.

The fine that LeoVegas have incurred will ensure that their due diligence processes are improved. As such, those that got all pious about our association with them should welcome this rather than use it to try and claim some moral high ground.

I still don’t recall the thread when Coral were fined £2.3m in December. They’re our official betting partner or some such title aren’t they? Did that pass us all by?

Oh, and just to reiterate, LeoVegas have been fined £600k+ for failing their vulnerable customers. In the last five years banks have been fined over £250bn for failing theirs, but where is the average Joe really getting stiffed??

Open your eyes, folks.

Share this post


Link to post
Share on other sites
And anyone who believes that people enjoying a reduction in the high rate of tax are buying lottery tickets live in cloud cuckoo land...

Share this post


Link to post
Share on other sites
"The fine that LeoVegas have incurred will ensure that their due diligence processes are improved."😇Wasnt it you telling us many months ago that the industry was cleaning its act up, well done on that one.Someones been pulling the wool over your eyes buddy, or suckered you in! 👍

Share this post


Link to post
Share on other sites

nutty nigel wrote the following post at 02/05/2018 9:13 PM:

And anyone who believes that people enjoying a reduction in the high

rate of tax are buying lottery tickets live in cloud cuckoo land...

Good point 😂😂

Share this post


Link to post
Share on other sites
I''m in Portugal at the moment where gambling is 100% illegal - you are not even allowed to play bingo for prizes.There is no horse racing, no dog racing and no betting on football matches.Anyone who is British cannot log into their UK bookmakers account from here (unless

you know how to circumvent the block) but doing that is illegal too - if

they catch you which of course they can''t.The exception to all this is of course Government run lotteries and scratch cards of which there are plenty of options - 3 or 4 different lotteries a week and in excess of 10 different scratch cards.Even so the Portuguese are ferocious gamblers even though the average wage here is around 500 Euro a month.The newsagents/bar/cafe up the road is packed out with people, who legally are not allowed to gamble, buying a whole range of scratch cards one after the other. It''s just like being in a UK Bookmakers shop without the TV screens and gaming machines.On a Euro Millions night you can easily queue up for an hour and that''s with 3 tills going flat out for 2 or 3 hours.There is a tax of 20% on all winnings, including on Euro Millions wins, which doesn''t seem to deter people one little bit.

Share this post


Link to post
Share on other sites
It''s not so funny when a pensioners first port of call is to get their lottery on. Sometimes 10 lots of numbers. Then the government bring out a Wednesday draw.

Gullible wannabes like winky don''t see it though. Too busy fantasising about two houses and a bank of season tickets....

Share this post


Link to post
Share on other sites

nutty nigel wrote the following post at 02/05/2018 9:45 PM:

It''s not so funny when a pensioners first port of call is to get their lottery on. Sometimes 10 lots of numbers.

Spending the silver pound.....let them have a bit of fun, they''ve earned it!

Share this post


Link to post
Share on other sites
[quote user="Van wink"]

nutty nigel wrote the following post at 02/05/2018 9:45 PM:

It''s not so funny when a pensioners first port of call is to get their lottery on. Sometimes 10 lots of numbers.

Spending the silver pound.....let them have a bit of fun, they''ve earned it!

[/quote]
If these practices were used by Leo Vegas you wouldn''t have the same flippant view of it. The lottery is aimed at the people who can least afford the tickets. When enough people have maxed out on their numbers the government brought out a second draw knowing that these people would find the money somewhere. Often at the expense of food and even heating. Yes many gambling companies are also responsible for similar misery but what opened the door in the first place?

Share this post


Link to post
Share on other sites
If anyone had any doubt about the stowmarket 2s incompetence after the Galloway coffee debacle then this is all you need to know

Only when we are owned by a wealthy foreign owner with the Messiah leading the team will we have something to cheer again

Share this post


Link to post
Share on other sites
[quote user="nutty nigel"]If these practices were used by Leo Vegas you wouldn''t have the same flippant view of it. The lottery is aimed at the people who can least afford the tickets. When enough people have maxed out on their numbers the government brought out a second draw knowing that these people would find the money somewhere. Often at the expense of food and even heating. Yes many gambling companies are also responsible for similar misery but what opened the door in the first place?
[/quote]Since when has it been compulsory to play the lottery?

Share this post


Link to post
Share on other sites
My old gran used to love getting a couple of lottery tickets, she loved the excitement of buying the ticket, checking her numbers and knowing she was helping out good causes😀

Share this post


Link to post
Share on other sites
It would be interesting to know just what percentage of online gambling customers are so-called "problem gamblers," ie. those who lead themselves to financial ruin or those who neglect themselves or their families in order to feed the ''addiction.''

There are, of course, quite a number of these people but I should think these numbers pale into insignificance by comparison with the those who like a harmless flutter for a bit of fun. I do. Sometimes I win, sometimes I lose .... but no addiction is involved. I enjoy it ... the operative word being ''enjoy.''

Any attempt at legislating against these operations runs the risk of throwing the baby out with the bathwater, whereby pandering to the vulnerability of the few is taken into account at the expense of the many.

Government should, amongst other things, aim to provide me with a safe society and a safe country. I do not need it to protect me against myself.

The fact that some do is another matter, but should not be an over riding consideration. Often gambling by the vulnerable can accompanied by other addictions. Stem this source of self-destruction and another means will likely be found.

Fundamentally, the problem is with the individual and not gambling in it''s self and surely there are many avenues of assistance that are available to those effected in an adverse way.

Admittedly, online gambling sites present an added dimension that will need close monitoring in every possible and sensible way, but this is, by far, far, not the biggest of the many problems created by the mushrooming of the world-wide-web.

We are getting there.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...