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Hungarian banks block transfers for internet betting
Debates over the legal issues surrounding online betting in Hungary have led some of the country's banks to completely block transfers meant for online gambling sites.
According to online betting agency Sportingbet, payments cannot be made from Hungary on cards issued by IEB, Citibank, K&H Bank, MKB, Takarékbank and savings co-operatives. K&H and MKB justified the ban with the reasoning that bankcard fraud is high in the internet gambling world.
Sportingbet Plc has previously had issues with Hungary concerning advertising in the country. The country passed a statute in November 2005 that effectively prohibits Sportingbet from advertising the Hungarian-language version of its site on the Internet in Hungary.
Gambling groups in Hungary are regulated by the 1991 Gambling Act, which stipulates that all gambling firms must be majority owned by the Hungarian government.
News Added: 21 June, 2006
Number of views : 728
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Disclaimer:
People from thousands of jurisdictions access the internet. It is impossible for us to stay current with the laws of every jurisdiction. Please make sure that any activities you engage in online are legal where you live.
We have reason to believe that it may be illegal to gamble online in: Illinois, Indiana, Louisiana, Nevada, Oregon, South Dakota, Washington, Michigan, New York, New Jersey and Wisconsin. If you live in one of these states, we advise you NOT to gamble online. |
Poker News Today.com © 2005-2012 Internet Poker News
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