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Banking Problems For European Online Gambling Operators
UK's Royal Bank of Scotland has recommended to its online gambling clients that they find another bank to service transactions from the Netherlands and Switzerland going forward.
A Royal Bank of ScotIand International (RBSI) spokesperson confirmed the decision to EGR and said that it followed a review “....to take account of changes in the legal and regulatory regimes in the countries in which we operate”. The spokesman denied that the decision was a consequence of its merger with Dutch banking giant ABN AMRO, the Dutch retail operations of which fall under the control of the government of the Netherlands.
Dutch banks recently came under pressure from the government to halt online gambling financial transactions in a unilateral move which has triggered a European Commission investigation and a private legal action by betting group Betfair.
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EGR reports that all gambling companies banking with RBSI in Alderney, Gibraltar and the Isle of Man that have exposure to the Swiss and Dutch gambling markets have been requested to find another provider for related transactions "within a time limit agreed between themselves and the bank."
Given the confidentiality of banking arrangements, it is unknown exactly how many of the approximately 80 online gaming operators and management companies licensed in Alderney, Gibraltar and the Isle of Man have been affected.
EGR points out that Switzerland and the Netherlands only allow lotteries and sports betting to be offered online by state-licensed gaming monopolies. Both undertook recent initiatives aimed at reinforcing their protectionist position and opposition to the provision of services by EU-licensed gambling operators across borders within the European Economic Area.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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