Betfair suing the Netherlands?
- Filed under: High Stakes News, Poker, Rumors
- Date: May 10,2009
A recently inaugurated Dutch Law prohibits ‘illegal’ gambling companies to advertise, or to have Dutch contractors. Betfair is one of the companies afflicted and is currently suing the Dutch government. They are also filing an official complaint at the European Union, due to the current gambling policy in Holland.
Holland is currently not allowing foreign gambling agencies to settle, since they want to prevent gambling addiction by means of a restrictive gambling policy. At this time only state owned gambling companies such as Holland Casino and the state lottery can provide people with their games. The Dutch minister of Justice has asked all national banks to block payments directed at international gambling ventures, so Dutch people are protected from the risks of online gambling.
Betfair is, not surprisingly, not happy with this development and states that it is illegal for the Netherlands to do this, according to European Law. CEO of Betfair Mark Davies: “This action damages the interests of the individual and stands in the way of open and honest concurrency.” It seems that finally a time arrives for countries to justify their gambling policies so that we may finally someday reach a global agreement on these issues, and distinct between different types of gambling.
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