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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.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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