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Learning lessons:However, McArthur used the press release to pronounce that the regulator is continuing its investigations into PTES Limited even though the firm has ceased trading ‘as the lessons from this tragic case must be learned by all operators’. The regulator’s investigation purportedly determined that the operator had moreover provided the Sheffield-based customer with VIP status without first verifying whether he could indeed afford the amounts of money with which he was gambling.Severe shortcomings:The Gambling Commission used an official Wednesday press release to proclaim that its inquiry had uncovered ‘serious systemic failings’ in the now-shuttered operator’s anti-money laundering and social responsibility protocols alongside ‘more general failings’ regarding the way the firm had ‘interacted with its highest spending customers....
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Chris Bruney had purportedly been granted VIP status by the two domains but took his own life in April of 2017 at the age of just 25 shortly after gambling away some £119,395 (6,370). It purportedly furthermore explained that its subordinate’s United Kingdom license had already been due to expire in October, which is the same month it had made a charitable donation worth £620,000 (0,800), and that it has since ‘invested significantly’ so as to ensure similar breaches do not re-occur.McArthur reportedly stated…“This is a tragic case that came to light after I was contacted by the family of the young man who very sadly took his own life....
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