My sense is the law will change in the next few years in the United States.
—NBA Commissioner Adam Silver on gambling
19th July 2017  
 
  Can’t take the heat?
 
The Story

PokerStars has withdrawn real-money online gambling services from the Colombian market shortly after local regulator Coljuegos initiated its offensive against blacklisted online gambling domains.

 

“Local licensing requirements” pushed PokerStars to the wall.

Last week, PokerStars started sending out emails to its Colombian customers saying that they would no longer be able to enjoy real-money poker play effective July 17. However, the company said that its free-to-play games were still available in Colombia and that its services in other South American countries remain.

 

PokerStars said that all hope is not yet lost.

In its message to patrons, Stars claimed that it “has been, and will continue to be, in positive and proactive discussions” with Colombian officials. It added that it hopes to resume real-money activity in Colombia “in the future.”

 

But the company did not say everything in its letter to patrons.

PokerStars reportedly took issue with Coljuegos’ unwillingness to allow its online poker licensees to share liquidity with other jurisdictions. Also, the requirement that licensees base their servers in Colombia did not sit well with the online gambling operator.

 

What about the blacklist?

In March, Coljuegos published a list of 325 supposedly unauthorized online gambling domains. Then last week, the local regulator made good of its threat of punishing these blacklisted online gambling domains by blocking the domain of the Curacao-licensed Play2Win online casino.

 

There’s another country following Colombia’s footsteps.

And that is Brazil. In a proposed bill, Brazil might ban local punters from using credit cards or other forms of electronic payments to participate in games of chance on international gambling sites. The bill cites the protectionist policies of Australia, France and the United States, as a justification for its passage.

 

Takeaway

This move by PokerStars is a lost opportunity for Colombia to bolster its image as a forward-thinking country, as it was the first South American jurisdiction to approve national online gambling legislation. Should it continue to enable a restrictive gambling environment, more online gambling operators may follow PokerStars toward the exit.

 
SHARE THIS
   
 
 
 
 
 
  FEATURED VIDEO
 
 
 

Werner Becher: the industry lacks innovation

In this interview with Becky Liggero, Werner Becher of Interwetten underscores the need to have in-house technology in order to enable innovation in the sports gambling industry.

READ MORE
   
 
 
  GLOBAL ROUND UP
 
  ASIA
Japan throwing casino plan under the bus with restrictive process: Analyst

Grant Govertsen described Japan’s Integrated Resorts bill as getting “more restrictive by the day” and feared that it might become worse than the failed gaming expansions of South Korea and Vietnam.

READ MORE
   
 
Thailand proposes major lottery shakeup after player claims record jackpot

Thailand’s lottery could be in for a major shakeup after authorities found anomalies on the way the ticket of the jackpot winner was acquired. ​

READ MORE
   
 
  EUROPE
Online bank Swissquote rolls out bitcoin trading service

Gland-based online bank Swissquote has announced that it will offer bitcoin trading with euro and U.S. dollar on its platform, making it the second Swiss bank to introduce bitcoin-related services.

READ MORE
   
 
 
 
 
 
  FACT YOU NEED TO KNOW
 

The highest grossing game of all time is World of Warcraft, generating over US$10 billion in revenue. The game currently has 35 million active users.

 
  TIP OF THE DAY
 

To make a successful social mobile game, one must exert effort in coming up with engaging content and an enjoyable user experience.

READ MORE
   
 
 
 
 
 
  PRESS RELEASE
 

King Billy Casino launches affiliate programme with Paysafe’s Income Access

Curacao-licensed online casino operator King Billy Casino has launched its affiliate program King Billy Affiliates in partnership with Income Access. King Billy Affiliates can access performance insights and tailored marketing materials.

READ MORE
   
 
  SHOUT OUT
 

Congratulations to Dominic Matthews who was appointed as the new Chief Operations Officer of SIS. Matthews was previously with Ladbrokes where he held a number of senior positions, including most recently Commercial Projects Director and Retail Operations Director.

 
  DAMN IT! SHARE IT
 
Want to be a guest contributor?
Email [email protected]
 
 
You are receiving this because you are subscribed to CalvinAyre.com If you want to unsubscribe click here