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DUBLIN - (Gambling911.com) - The popular online casino and sports betting website Stake.com has shut its website down for the Ireland market.
The company, which bills itself as the “world’s largest”, was forced to take the drastic action following an intervention by the Gambling Regulatory Authority of Ireland (GRAI). It blocked access to Irish users this past week after engagement with GRAI.
From The Irish Times:
The regulator has powers to sanction or take High Court action against firms operating in this country without the appropriate licence, as was the case with Stake. The GRAI’s licensing system for online betting came into effect on July 1st, establishing new rules on age verification, prompt payment of winnings and a prohibition on use of credit cards. Thirty-three such licences have been issued to date.
The GRAI is actively targeting other online gambling platforms operating in Ireland without an appropriate local license.
Stake claims to have more than 44 million customers in 169 countries.
- Chris Costigan, Gambling911.com Publisher
