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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.
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Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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