VISA, PAYPAL, AND MASTERCARD TO BLOCK UNLICENSED CASINO OPERATORS IN THE UK

Published on March 19, 2014 in Industry News

The UK's Gambling Commission recently approached several major online gambling banking outlets, requesting them to stop processing transactions involving unlicensed gambling websites when new legislation goes into effect.

As a result, MasterCard, Visa and Paypal have all voluntarily agreed to block transactions involving UK clients and online casinos that are not licensed in the UK.

House of Lords' Baroness Jolly confirmed the agreement, which comes on the heels of the announcement that the UK's House of Lords rejected a proposed amendment to the Gambling Licensing and Advertising Bill.

The House reportedly rejected the amendment in a 171 to 185 vote. Had it been approved, the amendment would have authorised the UK's Gambling Commission to block the transactions involving UK citizens and the unlicensed online casinos. The bill will again be addressed in a third reading which is slated for 18, March 2014.

But this new voluntary agreement to block transactions side-steps the need for the UK's Gambling Commission to step in to block the transactions.