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To control and manage finances successfully, legal entities engaged in gambling businesses open accounts in various financial institutions. A lot of businesspeople decide to register accounts abroad. However, this task can be difficult if you have no idea of requirements and restrictions that bank and non-bank organizations apply to their customers. We have collected relevant tips on opening foreign accounts for gambling companies prepared by Natalia Revenko, Business Development Director (Eastern Europe) at International Wealth. Why is it profitable for...
The UK authorities keep combating the negative impact of gambling on its citizens. The UK Gambling Commission (UKGC) is imposing a ban on gambling using credit cards in April 2020. Why is it crucial? The UK gambling sector has been developing for more than 10 years. In 2005, the country adopted the gambling law designed along with gambling industry players and government officials. The document regulates all types of gambling activities, including lotteries, totes, casinos, slot machines etc. The law...
APEX, an international company developing and providing complex solutions for all segments of gaming market, will exhibit at Ukrainian Gaming Week 2020. Among its products the company currently offers: slot machines; electronic multiplayer table games: Roulette, Sic Bo, Bingo, Baccarat and Black Jack; online games; mobile games; casino equipment; casino management system; iDROP – cash management device for gaming tables. The Apex Group of Companies is a manufacturer and operator of gaming solutions of premium quality. Company gaming portfolio with...
A gambling equipment manufacturer, Gamebridge, will participate in a major exhibition – Ukrainian Gaming Week 2020 on April 15-16. Gamebridge produces equipment and accessories for poker clubs and casinos, as well as provides gambling services. The company was founded in 2007. It initially sold sports poker equipment and accessories but eventually started making its own products for the gambling industry. Gamebridge’s range of products includes: poker and roulette tables; pit stands; chairs and armchairs for gambling tables; gambling table cloth;...
Both gambling companies and players are interested in opening transit accounts. The first ones require them to store money and conduct entrepreneurial payments. Gamblers use accounts to withdraw winnings received in online casinos, on poker websites or virtual betting platforms. Natalia Revenko, Business Development Director at International Wealth, has drawn up a list of tips on opening foreign accounts for physical and legal entities. She talks about the special features of financial solutions for gambling companies in the second part...
