Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling?
If I am a gambling operator, I will ensure that as part of the recruitment process, that applicants state whether they are suffering from gambling addiction or not. And I will have them undergo a gambling addiction test. It is not meant to discriminate against anyone but to protect my business. Anyone whose results shows that they are high in gambling addiction, they will be screened out and not be selected. That way it saves me loss of money in the Long term when they eventually get employed. 
Topic: What if an employee of a betting company misuses company funds for gambling? - page 4. (Read 537 times)
March 29, 2024, 11:32:59 AM
March 29, 2024, 11:27:26 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
I doubt any casino owners will allow such an issue slide without taking drastic measures against such an employee to recover their funds, even if it means arresting such an employee and alerting the family members to pay a substantial amount before being released under a signatory bail. For me, such an employee would have to work from them on, for half the amount of wages he already receives till whenever it has balanced the books for monies he/she gambled away.
Such an excuse of gambling addiction shouldn't make an employee use company funds because he/she must understand that there must always be a time to give account or present the account of business done for a day, week, month and year.
March 29, 2024, 11:26:21 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling?
Are you in this situation? Are you asking us if you should do it because they might not be harsh on you if you claim to be an addict?
This reminds me of that thread where someone asked if we'd trust an employee who is a known gambler.
It doesn't matter. If you steal from a company you will be fired and most likely they'll notify the police. Maybe if this was a small family owned company and you gave the money back or worked overtime for free, but 99% of such crimes will be prosecuted.
March 29, 2024, 11:20:37 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling?
I don't think the company will understand, because they will be suffering a direct impact over the sustainability of their business, what can completely compromise the capacity of this company paying their operational expenses, besides paying gamblers' withdrawals. In other words: the mistake of a single employee can lead the casino to bankruptcy, if the issue isn't addressed in time.If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment?
Maybe. It will depend on who this employee is, what he has already done for the company and how the relationship with his boss is. Then the manager may be more or less strict with him when deciding for an appropriate punishment.If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
As said earlier. It will always depend on who the employee is. If I see he is a good person, but is struggling to fight addiction back, I could have mercy, but if the bad character of the employee is immediately identified, I wouldn't be merciful to his cause. In every cases, the fact is that the employee has to be instantly removed from his functions in order to not generate further prejudices for the business. 
March 29, 2024, 11:20:12 AM
It is unlikely that this will happen in online casinos because only a few people have access to open their hot wallets or cold wallets.
In fact, in many online casinos, only the owner can access it.
In land-based casinos, supervision is also very very strict, CCTV is definitely everywhere.
It would be very stupid if anyone dare to use/steal casino money to gamble again, the consequences could be very harsh and cruel considering that land-based casino owners are clearly not just ordinary people.
In fact, in many online casinos, only the owner can access it.
In land-based casinos, supervision is also very very strict, CCTV is definitely everywhere.
It would be very stupid if anyone dare to use/steal casino money to gamble again, the consequences could be very harsh and cruel considering that land-based casino owners are clearly not just ordinary people.
March 29, 2024, 11:19:55 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
This is a betrayal of trust and malversation of funds or can even go to qualified theft, gambling addiction is not a good reason why you steal from your company.
The company puts you in that position because they trust you. You are so lucky if your manager forgives you but even if you are forgiven you should pay the money that you diverse, because if the manager tolerates your wrongdoing and forgives you without paying.
Those who will hear this story will think that using other people's money is ok as long as you ask for forgiveness.
It is okay to forgive and to make mistakes is human but you have to be responsible for all your mistakes and pay for them.
March 29, 2024, 11:10:27 AM
Don't forget that casino or betting company are like normal companies we operate by employed employees to help the companies to generate money and, you found out that your employees is using the company money to build houses, buy cars and moving from one club partys to parties with the company money.
If you find such employees in your betting company is to use police to arrest he or she, so that you can recover your money back because if you fail to take action on such issues, it can make your casino or gambling center to collapse which I have seen many casino owner who have fold up for such issues because they failed to take action on time.
If you find such employees in your betting company is to use police to arrest he or she, so that you can recover your money back because if you fail to take action on such issues, it can make your casino or gambling center to collapse which I have seen many casino owner who have fold up for such issues because they failed to take action on time.
March 29, 2024, 11:08:41 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
I'm not sure if a betting company will be silly to allow a casino funds to be controlled by a single person. Companies knows the risk associated with their money so what they do is they make sure that the money of the company is deposit into account with multi signature, a single person can't move money without the consent of others and any money that is move will be accounted for, that's why transparency is need by the financial secretary, every money spent most be pen down and where the money went.
Similarly, crypto casino aren't different from this, funds are kept in a multi sig wallets before anyone can access the wallet and incase any person from the company use the money for anything, it can be trace and if they found out that there is some foul play, investigation would be carried out and if it warrant been sack, that would be decided by the company. I just think of will be foolish for any person to even try such scam to his company.
March 29, 2024, 11:05:07 AM
There are punishments that will deter such behaviors. I do not care if the employee is addicted or not. Don't steal my companys funds. If I go bankrupt, will the employee stick with me. I will not accept such behaviors that is detrimental to the growth of my organization. I will arrest the employee until I recover all of the monies that he employee stole.from me. After we have done that, then we will talk about therapy. If you are not hard on that employee another employee will steal from you and the cycle will continue. I will never come such behavior..Never.
March 29, 2024, 11:04:16 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
Any casino has a rule not to hire people who gamble as employees. If casino owners (managers) become aware of their employee's addiction to gambling, then this employee will be fired even before he reaches the stage of gambling addiction. This is common practice. If we generalize in relation to business (a casino is a business), then any employee who interferes with business or creates a threat to business through his actions, then this employee will simply be fired. There can be no other options here. 
March 29, 2024, 10:59:55 AM
That casino staff would know before he could even manage to spend a thousand from casino funds, they audit it every time. Wherever he gambles, the staff would know since they are a network of gamblers.
But if he really is that good and manages to pocket more money from the casinos then he'd be kicked out of his job unpaid. That's probably a slap to the wrist punishment but we know Casinos are managed by unforgiving leaders, so it might not be the case.
But if he really is that good and manages to pocket more money from the casinos then he'd be kicked out of his job unpaid. That's probably a slap to the wrist punishment but we know Casinos are managed by unforgiving leaders, so it might not be the case.
March 29, 2024, 10:58:30 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling?
Misuse of company's fund is an illegal offense and that for sure going to make the company sue the employee for even touching the funds and using it for gambling.If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform
No. It won't be an excuse even if the nature of business of the company is gambling. What he did is a crime.
what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
And that's why he has to face the charges that will be made against him. He has to deal with the consequences. 
March 29, 2024, 10:57:39 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
What to do is very simple. I will arrest him until he pays all the money back. He can do whatever he likes with his salary but not company's money. The mistake that the casino owner did was to employ a gamble addict, since you said that the employer knows he is battling with his addiction. No matter how hard the addicted employee is, he must gamble with company's funds. This is because addicted people don't think about their actions or the outcome of their actions. The moment that adrenaline feelings have been activated, they can even steal or sell their property to gamble.
The mistake is not that they employ someone that is addicted. The mistake is that they employ an ignorant person. Someone that knows he can go to 5 years or more years in jail will not be stupid to use company's money for anything not to talk of gambling. 
March 29, 2024, 10:57:14 AM
I sometimes see how news appears in the news feed about how a bank employee or another person who is connected with the cash desk can steal this money in order to place a bet and give it back, but this is an unjustified risk, because if they lose, they will go to jail and They will give back even more money than they lost. Surely employees of bookmaking establishments who have access to money do the same. Of course this doesn't happen often, but it can happen at any time. That is why only remote employees who have been verified by various methods can have access to money, up to the question of whether you have alcoholics or addicts in your family. Generally speaking, this will happen, but the employee should not be allowed to have access to all the money, but only to that small part that is required for work.
March 29, 2024, 10:53:56 AM
I don't think it will be forgiven at the level you are thinking. They will still be punished and the lighter punishment will be to just kick him out of the company which I think is the very least he will receive. The worst part is if it's proven that the employee has not only done it once but many times and the amount is too much he needs to pay it back so that the business could make a little bit of profit from what he has done.
Still, this is a case inside a company so they have the authority on what punishment they would like or what cases they want to file against the person who did it. So, it's all up to his boss.
But, so that it won't be repeated and no one will try to do the same thing as he did, I bet he will take the punishment to a higher level for a good lesson to everyone employed in his company.
Still, this is a case inside a company so they have the authority on what punishment they would like or what cases they want to file against the person who did it. So, it's all up to his boss.
But, so that it won't be repeated and no one will try to do the same thing as he did, I bet he will take the punishment to a higher level for a good lesson to everyone employed in his company.
March 29, 2024, 10:52:54 AM
The mistake that the casino owner did was to employ a gamble addict, since you said that the employer knows he is battling with his addiction. No matter how hard the addicted employee is, he must gamble with company's funds. This is because addicted people don't think about their actions or the outcome of their actions. The moment that adrenaline feelings have been activated, they can even steal or sell their property to gamble.
I would not blame the employee but the employer who didn't prevent that from happening by employing an addict. If I don't know that he is a gamble addict, I will get him arrested. However, it depends on how much money that we are talking about. You cannot give fish to a cat to secure it for you. I also believe that casino owners must give a proper orientation to their worker never to gamble, because they know the consequences it will bring to their business.
I would not blame the employee but the employer who didn't prevent that from happening by employing an addict. If I don't know that he is a gamble addict, I will get him arrested. However, it depends on how much money that we are talking about. You cannot give fish to a cat to secure it for you. I also believe that casino owners must give a proper orientation to their worker never to gamble, because they know the consequences it will bring to their business.
March 29, 2024, 10:49:46 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
There will definitely be consequences that the employee would face.
Remember that the employee misused the company funds for his own game. Regardless of what the purpose may be, be it for gambling or anything else, it does not change the fact that he used funds without the consent of the company for his own gain. That person may be charged with theft and I doubt that casinos would take it lightly as that would be a blatant violation of trust and honesty by the employer.
If I were the owner of that casino and I discovered that my employee stole funds for his own gain, I will let the law decide on what the punishment would be. At the end of the day, business would be business and once you break the trust, you face the music with all its might.
March 29, 2024, 10:48:17 AM
Gambling companies are the same as other companies, they have an employee code of ethics where if there are employees who violate ethics and use company money illegally then they will be very likely to be punished and expelled from the company. Because they are the same as criminals who steal people's money and use it for themselves - and they are not worth keeping around and leaving them alone. Even for whatever reason, gambling again or because their wife is about to die, stealing company money is still theft and that is a criminal act, and they deserve to be punished.
March 29, 2024, 10:44:12 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
I really doubt that this incident will be forgiven since trust is everything on casino industry especially if it’s involved money. If I’m a casino owner, I will not tolerate this behavior because my company life is based on the funds for gambling so if I have an employee that can’t handle his addiction then he is already considered as incompetent to the job description he is taking part.
Immediate termination is always the right choice here because trust is already broken while there’s a lot of chance that this will occur again in the future because it’s an addiction problem and not a simple mistake at work that related human error. Allowing employees that mix their personal problem to work especially if the problem is related to his work is already a big red flag.
March 29, 2024, 10:39:40 AM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling? If this employee claims that he is battling from gambling addiction, will he be considered for a lighter punishment? If you own such a casino or betting platform, what will you do to such an employee, understanding that addiction to gambling can make people make decisions that are unexpected.
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