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Vbet Casino – The UK Gambling Commission has announced that Vivaro Limited, trading as vbet, will pay a regulatory payout of £337,631 following a series of defaults.
The settlement follows an investigation that highlighted failures in Vivaro Limited’s processes to prevent money laundering and safer gambling.
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This investigation follows a compliance review conducted in April 2021 and resulted in the initiation of a regulatory review against Vivaro Limited (Vivaro) section 1161, General Remote Operations License No: 000-044662-R-324273-017.
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The regulatory review discovered flaws in Vivaro’s processes to prevent Money Laundering (ML) and safer gambling.
Between October 2020 and June 2021, Vivaro failed to comply with a number of License Terms and Code of Practice (LCCP), namely: paragraphs 2 and 3 of License Terms 12.1. 1, requires the prevention of money laundering and terrorist financing.
Licensing Condition 12.1.2 requires operators based in foreign jurisdictions to comply with the Money Laundering, Terrorist Financing and Remittances Regulation (Payer Information) 2017
Paragraphs 1 and 2 of Social Responsibility Code (SRCP) Clause 3.4.1, require licensees to interact with customers in a manner that minimizes the risk of customers experiencing gambling-related harm and viewing review the Commission’s guidelines for customer interactions.
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In accordance with our Statement of Licensing and Regulatory Principles, Vivaro will pay in lieu of the £337,631 penalty package.
Our investigation and subsequent regulatory review revealed: failure to implement Vivaro Anti-Money Laundering (AML) policies, procedures and controls, deficiencies in policies. responsible gambling practices, procedures, controls and practices, including implementation weaknesses. Register or login at VBET | Your account has been successfully verified | Place a minimum of 3 Pre-match selections or multiple Live bets with a minimum of €5+ (or currency equivalent) and a minimum of 1,50+ odds per round | Get 100% Bonus up to €50 Free Bet in 2 stages (up to €25 each), no matter your stake | Complete T&C apply
Vbet is not a new source of betting as the company has been around since the early 2000s, specifically in 2003. Vbet was born in the regions of Georgia and Armenia as a standard betting site, and 5 years later, A bookmaker’s website has been established. opened under the name Vivaro. By the way, the bookie has more than 120 “booths” on the mainland Since the launch of the website, the company’s history has taken a big turn and begun its journey towards Europe. Thus, Vbet has become the official betting partner of Arsenal football club. Its ambassador is the most famous football player of Armenian origin – 1998 World Champion in the French national team Youri Djorkaeff.
They currently have offices in Malta and Armenia (headquarters) and are licensed in the UK, Malta and Curacao. The Vbet betting platform is provided by parent company Betconstruct, one of the leading software providers in the industry. So, let’s take a look at this Vbet review about the most interesting things about the bookmaker: the odds, the convenience of the website and the app, the bonuses, and more.
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Recently, the official representation of bookies on the Internet looks very different than it does now. Initially, the bookmaker Vbet operated under the address www.vivarobet.com, but now the company has simplified the name to www.vbet.com, changed the website and improved the betting service. This website is available in 10 languages, including Russian, English, Armenian, Georgian, Spanish, Korean, Chinese, Japanese, Turkish and Portuguese.
Vbet betting site is made in dark colors. Pink and green are a dilution of the “dark theme”. This combination looks harmonious and unobtrusive, and the contrast highlights only the necessary parts of the menu and captions.
The bookie has a good statistical base, with the help of tools integrated in the website interface, creating maximum convenience for the analysis of sports events. Navigating the site has a classic look and feel and lacks comments or innovation.
The website design can be safely called one of the best today: intuitive and simple, convenient for quick bets on sports events. The simple and convenient registration form allows you to quickly log in and place your bet in just one minute. Immediately after logging in, you can proceed to add your account.
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Your personal account at Vbet can be opened in one of nine available currencies, the most common of which are dollars, euros and rubles.
You can replenish your betting account through the following payment systems: Skrill, Neteller, VISA SafeCharge, Moneta.ru and Yandex.Money, Alfa-Bank, VISA Yandex.Money, AstroPay, DotPay, EcoPayz. The minimum deposit amount depends on the deposit method, from 10 cents to 5 dollars.
The bookies use the same method for withdrawals. Applications are processed quickly, no more than 1-2 hours.
Bet V’s review of payment systems shows that betting commissions for each system are not credited and payout percentages can only be subject to the rules of your chosen payment system .
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Verification is done before the first withdrawal, but it is better to start immediately after the first deposit – so that there are no delays in payments. The list of required documents covers some points, but there’s nothing wrong with that.
The bookie has prepared a welcome offer for Vbet to replenish account balances for new users. However, we have yet to see any Vbet deposit bonus or receive any promo codes.
The platform offers Vbet bonus up to €20 if you deposit and bet €10 on 3 events or more within 14 days after registration. The bonus must be activated in your account in the “Bonus” section and can be used for free bets with odds of 1.5 or more.
Vbet Betting offers Vbet signup offer to new users for the first deposit. When depositing more than €5, the bookie calculates a 100% increase on the deposit with a maximum value of €100. For the second replenishment of the account, the bookie has awarded 125% of the additional amount. In either case, the prize must be wagered. To do this, the deposit must be 15 times the single or combined bet with a coefficient of at least 1.9.
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Vbet’s review shows that this bookie has a line that offers more than 25,000 daily bets on 30 sports. Of course, this number varies depending on the time of season, but the average value remains well above 20,000.
The line of sports betting platform Vbet has a wide range of sports and inexperienced players can get dizzy with the competitions presented. In the tradition of European bookmakers, the biggest representatives here are football, tennis, basketball and hockey. In addition, sports such as volleyball, handball, American football and baseball are also well represented. Players can also bet on horse races, choose Warrior bets, and more.
Other sports are less represented at Vbet, but their presence in the lineup can sometimes surprise you. So there are even uncommon games like badminton, golf, cricket, darts, pesapallo, foosball and netball.
Usually, users bet on the big matches of the tournament. Here you will find – KHL and NHL. They have the lowest margin and, therefore, high odds. Bets on regular international competitions, such as the World Championships are also profitable. Also, here you will find the best NFL odds. The bookie covers markets in the Premier League, La Liga, RPL and other popular European leagues, including the European Cup.
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Cultural, financial and political events are predictable. For example, guess the movements of major currencies, the winners of different TV shows and election results.
Besides boxing and tennis, football and hockey, Esports is widely covered – Dota 2, League of Legends, Rocket League StarCraft. And there are bets that are completely unrelated to sports.
Vbet sportsbook review shows that the house’s Live section is well developed. The line includes many sports with a good schedule of events.
Along with the traditional view, Esports tournaments are well covered. For ease of monitoring, a multi-monitor mode is provided. High quality infographics that come with many facts. In addition, in real time, there are notifications of upcoming events and central matching with event results. And live streaming is available.
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The mobile version will be launched automatically when entering the bookie’s website from a mobile device. The interface is adapted for small screens, so placing bets from a smartphone or tablet is as comfortable as on the main website. Users can register, deposit and withdraw funds and use all parts of the site to place bets.
High quality developed iOS apps with rich functionality. This app can be downloaded from the AppStore to place bets without being tied to a computer. This version is even more user-friendly than the mobile site.
The official Android app can be downloaded from the website using the mobile version of Vbet. The functionality of this program is highly commendable. Users can access live pre-match, casino games and other popular sections.
Vbet sets do not have the lowest margins on their service, so the degree of odds can hardly be called high. Therefore, the likelihood of opposite outcomes is expected to be the same for a dependent event