VGCCC fines MintBet $65K

VGCCC fines MintBet $65K

Added:
VGCCC fines MintBet $65K

MintBet was fined for allowing a consumer to wager for an excessive duration of thirty-five hours over the course of a fifty-hour period. 

MintBet was fined sixty-five thousand dollars by the The Victorian Gambling and Casino Control Commission for failing to prohibit a customer from betting even though the customer appeared to be experiencing problems with their gambling. The customer’s account was only terminated after they reported problems.

The customer placed 327 bets and ultimately lost over twenty thousand dollars. In order to ensure that this doesn’t happen again, MintBet must now explain their plans to the commission. The commission will then determine whether further action is required.

The deputy chief executive officer of the commission stated that they take this seriously and would not put up with gaming websites that don’t go by the regulations in order to protect users.

On their website, MintBet does include information regarding warning signals of compulsive gambling, such as excessive time or financial commitment to gambling.

This is a continuation of a pattern in Australia where regulators are harshly penalizing land-based and online casinos for improperly managing problem gambling.

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