Online Casino Transfer: News - Gambling Company Goes Unprecendented

01/16/2010		Online Casino Style: News Gambling Company Goes Unprecedented
Home History Games News Dictionary		An unheard of piece of news has popped up on the radar in Sweden, putting an unidentified online gambling company in the news for their gesture. According to reports – which are lacking some details, as it seems that all the parties involved are preferring to remain anonymous – an internet gambling company has gone so far as to refund stolen monies to a company, which had been taken and bet by a gambling addict on their site. The amount, a staggering 4.9 million kronor, has been voluntarily returned, though the addict will still be responsible for her actions. The gambler, who stole and bet the equivalent of $673,000 at the online casino, was in charge of an Uppsala’s company’s financial division, and took the opportunity to filter off as much as 15 million kronor over a period of months, in order to finance her gambling addiction. The loss of funds was a huge detriment to the firm, which had to fire a number of employees to account for the lack of money. Since she has been discovered, the woman has been sentenced to prison for three years, and was ordered to repay 10 million kronor to her former employer. The remaining 4.9 million kronor had been bet and lost, was long gone into the pockets of players at the internet casinos and untraceable by the courts. According to a report by the local newspaper The Local, a confidentiality agreement accompanied the casino’s offer to repay the sum. Part of the reason was the fact that her great losses may not have been entirely her fault. According to the site’s terms and conditions, no player will be able to lose more than €2,500 in a 24 hour period; their accounts should be frozen, preventing addictive reactions. According to the plaintiff, she was able to lose as much as a million in one evening, as well as access thousands of kronors in bonuses in a restricted account. Some are interpreting the generousity of the online casino in question as an admission of culpability. “It’s obvious that the gaming company understood that something was wrong. If the woman’s account of how the company acted is accurate, she has definitely been used and therefore it’s appropriate for a repayment to take place,” the prosecutor in the case, Kenneth Brattström.

01/16/2010

Online Casino Style: News
Gambling Company Goes Unprecedented

An unheard of piece of news has popped up on the radar in Sweden, putting an unidentified online gambling company in the news for their gesture. According to reports – which are lacking some details, as it seems that all the parties involved are preferring to remain anonymous – an internet gambling company has gone so far as to refund stolen monies to a company, which had been taken and bet by a gambling addict on their site. The amount, a staggering 4.9 million kronor, has been voluntarily returned, though the addict will still be responsible for her actions.

The gambler, who stole and bet the equivalent of $673,000 at the online casino, was in charge of an Uppsala’s company’s financial division, and took the opportunity to filter off as much as 15 million kronor over a period of months, in order to finance her gambling addiction. The loss of funds was a huge detriment to the firm, which had to fire a number of employees to account for the lack of money.

Since she has been discovered, the woman has been sentenced to prison for three years, and was ordered to repay 10 million kronor to her former employer. The remaining 4.9 million kronor had been bet and lost, was long gone into the pockets of players at the internet casinos and untraceable by the courts. According to a report by the local newspaper The Local, a confidentiality agreement accompanied the casino’s offer to repay the sum.

Part of the reason was the fact that her great losses may not have been entirely her fault. According to the site’s terms and conditions, no player will be able to lose more than €2,500 in a 24 hour period; their accounts should be frozen, preventing addictive reactions. According to the plaintiff, she was able to lose as much as a million in one evening, as well as access thousands of kronors in bonuses in a restricted account. Some are interpreting the generousity of the online casino in question as an admission of culpability.

“It’s obvious that the gaming company understood that something was wrong. If the woman’s account of how the company acted is accurate, she has definitely been used and therefore it’s appropriate for a repayment to take place,” the prosecutor in the case, Kenneth Brattström.