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Some of the UK-based payment processors have agreed to block money transactions to and from unlicensed online gambling sites.
Financial corporations such as Visa, MasterCard and Paypal struck a deal with the UK Gambling commission to stop the aforementioned gambling transactions, according to PokerNews.com.
Interestingly enough,
The House of Lords had earlier rejected a proposed amendment to the Gambling (Licensing & Advertising) Bill that would have required payment processors to block such transactions.
Licensed sites will have to pay a 15% consumption tax.
Previous amendments presented to the House of Lords included a prevision that would enforce up to 10 years prison time for poker players found cheating at the table.
- Ace King, Gambling911.com
