PokerStars Logs Out of Gray Markets in Africa and Middle East

PokerStars Logs Out of Gray Markets in Africa and Middle East

PokerStars has withdrawn from a number of gray market nations in the centre East and Africa. (Image: gulf2000columbia.edu)

PokerStars has ceased operations in many alleged gray market countries suddenly and without warning this week, with all the majority of the being in Africa and the center East. Players from both PokerStars and Full Tilt received notice through their clients and via email that real-money play was no longer available to these with immediate impact, along with the following explanation:

‘Our management group regularly reviews our procedure along with independent party that is 3rd to evaluate the business risk and opportunities for our brand on a market-by-market basis. After our most recent review, it was determined that we might no longer offer real cash games in your country.’

PokerStars was quick to reassure players that their balances would be available and safeguarded for withdrawal and that their accounts would remain open for play-money games. Tournament tickets, said the message, would be refunded.

‘they will automatically be converted into their equivalent cash value upon entering the Cashier,’ read the statement if you have any unused T$, T€ and/or Tournament Tickets in your account. ‘Freeroll and FPP buy-in tickets have no money that is real value, and are also therefore ineligible for credit.’

Why Now?

While no definitive list of this nations involved has been released, slotsforfun-ca.com a consensus Continue reading PokerStars Logs Out of Gray Markets in Africa and Middle East

British Gambling Act Delayed by Gibraltar Legal Challenge

British Gambling Act Delayed by Gibraltar Legal Challenge

London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for the month.

The UK Gambling Act has been delayed by one month, as the Department of Culture, Media and Sport considers the legal challenge regarding the Gibraltar Betting and Gaming Association (GBGA). The act that is new scheduled in the future into impact on October 1, but will now be pushed back again to November 1.

The GBGA issued the process in the High Courts in an effort to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and interference that is discriminatory the right to free movement of services.’

The act requires all online gambling operators to hold a UK license and spend a 15 percent tax on gross gaming revenue if they want to engage using the UK market. Previously operators that are such be licensed in a number of jurisdictions around the globe, certainly one of which was Gibraltar. These jurisdictions had been approved, or ‘white-listed’, by the national government in Westminster under the 2005 Gambling Act.

Legislation Unwanted?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of consumption tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers to the unlicensed market that is black as the UK regulated sites will not manage to compete, thus failing in it Continue reading British Gambling Act Delayed by Gibraltar Legal Challenge

British Gambling Act Delayed by Gibraltar Legal Challenge

British Gambling Act Delayed by Gibraltar Legal Challenge

London’s Royal Courts of Justice, whose High Court ruled that great britain Gambling Act should be postponed for a month.

The UK Gambling Act was delayed by a month, as the Department of Culture, Media and Sport considers the challenge that is legal of Gibraltar Betting and Gaming Association (GBGA). The act that is new scheduled in the future into influence on October 1, but will now be pushed back in to November 1.

The GBGA issued the process in the High Courts in an effort to derail what it has known as a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory disturbance with the proper to free movement of services.’

The act requires all gambling that is online to hold a UK license and spend a 15 percent tax on gross video gaming income if they desire to quick hits slot machine play engage utilizing the UK market. Previously operators that are such be licensed in a quantity of jurisdictions around the world, one of which had been Gibraltar. These jurisdictions was approved, or ‘white-listed’, by the government in Westminster under the 2005 Gambling Act.

Legislation Unnecessary?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of usage tax’ will force operators to cut their bonuses and VIP programs, which will drive British gamblers to the unlicensed black market, as the UK regulated web sites will not manage to compete, thus failing in its stated aim of ‘controlling Continue reading British Gambling Act Delayed by Gibraltar Legal Challenge