Recent events in the US poker market have also affected players trust in some online poker sites. Most EU and a lot of US players have either got their funds back, got access to them or the process has started. Players are now looking to play on poker sites that may offer greater protection and security for their bankrolls.
Players can perhaps help to protect themselves by choosing to play on poker sites that are based in the 'safer' online gambling jurisdictions, mainly Europe and Gibraltar based. Just because a company does have a European gaming license does not mean it is 100% safe, any company can get into financial trouble or the network they are on goes bankrupt.
Online gambling areas such as Gibraltar, Malta, the Isle of Man, Alderney require companies to live up to stricter financial controls than most non European licenses. In the case of Malta an online gambling company must keep its players funds separate from any operating fund. Meaning that if the poker company goes under the players should eventually be paid their funds either by the poker company or Malta's Lotteries and Gaming Authority (LGA).
What else can companies do to show they care about their customers and customer funds? This is a an important question and one very respected and trusted online gambling company has revealed their intention to show customers how much they care about them.
Betfairs Customer Commitment promises standards and protection for their players, including that all players’ funds are in separate bank accounts independent of Betfairs corporate funds.
The choice of where to play is the players to make but by choosing sites based in Europe, Gibraltar and companies that go the extra mile to show they care for their customer like Betfair have done, players can also care for themselves and their bankroll.
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Players can perhaps help to protect themselves by choosing to play on poker sites that are based in the 'safer' online gambling jurisdictions, mainly Europe and Gibraltar based. Just because a company does have a European gaming license does not mean it is 100% safe, any company can get into financial trouble or the network they are on goes bankrupt.
Online gambling areas such as Gibraltar, Malta, the Isle of Man, Alderney require companies to live up to stricter financial controls than most non European licenses. In the case of Malta an online gambling company must keep its players funds separate from any operating fund. Meaning that if the poker company goes under the players should eventually be paid their funds either by the poker company or Malta's Lotteries and Gaming Authority (LGA).
What else can companies do to show they care about their customers and customer funds? This is a an important question and one very respected and trusted online gambling company has revealed their intention to show customers how much they care about them.
Betfairs Customer Commitment promises standards and protection for their players, including that all players’ funds are in separate bank accounts independent of Betfairs corporate funds.
The choice of where to play is the players to make but by choosing sites based in Europe, Gibraltar and companies that go the extra mile to show they care for their customer like Betfair have done, players can also care for themselves and their bankroll.
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