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Most Recent Online Casino News

Credit Card Firms Ban British Gambling on the Internet

Gamblers who hold American Express and Citigroup credit cards have been barred from using them in online casinos to protect other customers from debt, fraud and money laundering.

The ban, which applies to millions of customers in Britain, is the first time that any credit card organisations have imposed such restrictions.

Others banks are watching the results closely and some are expected to follow suit.

Both companies said last night that they had no plans to alter their policy, despite the publication on Thursday of the Government’s Gambling Bill, which will regulate online gambling in Britain.

Lord McIntosh of Haringey told The Times that credit card transactions with British online gambling companies would be safe once they had been brought under the scrutiny of the Gambling Commission.

“I would not hand over my credit card to a foreign site now, but once British online casinos are regulated I would not have the same qualms,” he said on the day that the Bill was launched.

Read the entire article at: Times Online 

2004 Online Casino News Archive

 

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