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Betfair Challenges Dutch Government Ober Online Payment Ban
Betfair, one of the world's top online betting companies, has started legal action against the Dutch government in a court case which could result in a claim for damages running into millions of Euros, the company has announced.
The decision follows a letter from the Dutch Ministry of Justice urging Dutch banks not to process payments from any Dutch customers wishing to place a bet on any legal gaming website. The measure would block access to the services of Betfair and many other UK licensed operators.
Mark Davies, Managing Director at Betfair, said: "This is a desperate move by the Dutch government to prevent a company that is fully licensed and regulated in jurisdictions across Europe from being accessed by residents in the Netherlands. Its actions are against the interests of the Dutch consumer and fly in the face of the EU principles of open and fair competition. This serves only to protect the Dutch government's own gaming monopoly and keep prices high.
"It is madness that the Netherlands, as one of the founding members of the single market, has resorted to illegal tactics that prevent consumer choice and go against the Treaty.
"The government's objective of shutting out foreign operators while feather-bedding domestic monopolies, one a big US multinational, and protect a cosy cartel cannot be allowed to continue. We will fight this. We will fight anyone who unlawfully prevents us and our customers from doing business."
Betfair has also made a formal complaint to the European Commission stating that the government's action unlawfully protects the Dutch gaming monopoly and violates EC laws concerning the free movement of services within the EU.
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PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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