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Why is Skrill Pulling out of Canada?
Wednesday December 11,2013 : WHY IS SKRILL PULLING OUT OF CANADA?
Does online e-cash processor Skrill, formerly Moneybookers, know something that everyone else does not? That's the question several industry observers were asking as the news broke this week that the European-based company is to pull out of Canadian transactions with effect from January next year.
Skrill, which was taken over by the private equity firm CVC Capital Partners earlier this year broke the news to Canadian online punters in an email, but failed to include cogent reasons for its decision, merely advising that it has "reviewed its operations," giving the exit date and saying merchant transactions would cease at the end of January 2014.
Player forums picked up on the news quickly, trying to figure out why Skrill would want to abandon a potentially lucrative market when there was no legal obstacle to its success.
Skrill has a service provider license from the New Jersey regulator in that rapidly growing new online gambling market, and that suggested to some commentators that the motivation for the exit may be related to the growing importance of the US state by state legalisation trend.
In related news, Playtech's Titan Poker presented Canadians with another conundrum this week; having announced recently that it would exit Canada on December 22 as part of the still-unexplained EuroPartners pull-out, the iPoker site tweeted that it was going to stick around and even offered new promotional bonuses.
Canadian players can be forgiven for being confused by these badly communicated corporate antics.
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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