curb competition of Norsk Tipping<\/a>, which is a state-owned company that offers lottery, sports, and instant games.<\/p>\nJust last week, The Norwegian Gaming Authority (Lotteri og Stiffelsestilsynet) already began a consultation regarding its plan to restrict the movement of internationally licensed online gambling operators including those that are providing online poker.<\/p>\n
The gaming authority\u2019s proposal is already clear that the law requires both local and international financial institutions to restrict the transactions that involve unauthorized online gambling operators. In other words, the government plans to ban all of them except two which is Norsk Tipping and Norsk Ristoto.<\/p>\n
The gaming authority claims that Norwegians collectively make 40,000 daily transactions with the international gambling websites. And for them, this is becoming alarming. This isn\u2019t the first time that the Norwegian Gaming Authority tried to stop the online gambling websites. In fact, the banks were previously ordered to stop processing the online gambling payments that are using certain accounts. However, online gambling companies were able to adjust simply by changing the account numbers.<\/p>\n
Today, the gaming authority is looking to pressure banks in order to stop them from dealing with these online gambling firms for good. They want the banks to stop dealing with companies based on the company\u2019s name and not just the account number.<\/p>\n
Monitoring Everything<\/h2>\n
The gaming authority wants to compel the banks in order to provide transaction information about certain companies whenever the government wants to. The Norwegian Gaming Authority plans to have this power by January 1, 2019.<\/p>\n
Coalition for Gambling Restriction<\/h2>\n
There was a report that a coalition was made supporting Norway\u2019s call to strengthen its gambling rules. These were opposition parties. And for this reason, the new measure is expected to be formally adopted by the parliament by May 7.<\/p>\n
This is a business move. Though people could have a more difficult time playing online poker, Norsk Tipping was able to record an increase in profit recently. Its active customer base jumped from just 80,000 to 1.96 million. Could this mean that there will be no market for foreign and local companies? It seems that odds are against online gambling companies in Norway.<\/p>\n","protected":false},"excerpt":{"rendered":"Following the recent move by China to ban online poker, Norway is also another country that passed their own gambling restrictions. It is going to be implemented by May 7, 2018. Is this a good or a bad move? Different parties including Centrist, Socialist Left, Labour, and Christian People\u2019s Parties have announced that they are […]","protected":false},"author":6,"featured_media":7406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[301,348,366],"class_list":["post-7404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headline","tag-lotteri-og-stiffelsestilsynet","tag-norway","tag-online-poker"],"acf":[],"yoast_head":"\n
Norway Just Indirectly Banned Online Poker - Online Poker America News<\/title>\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\t\n\t\n\t\n