Banking and financial system against gambling

banking versus gambling

Even before the occurrence of the Coronavirus there has been a lot of talk about the discrimination of banking and financial institutions put in place against gambling companies and safe casinos to which absolutely no credit was entrusted because the same sector appeared to bank managers “unreliable “by virtue of an ancient and obsolete” ethical relationship " repeatedly recalled by the same banking institutions. Today, however, we want to gloss over the “seriousness” of this “ethical” term behind which hides the bad behavior of these financial bodies, held especially in the period of Health and economic emergency that has forced all companies, of any sector, to face the economic consequences of the Tzunami Coronavirus. Emergency that, unfortunately, in addition to a significant number of victims among ordinary citizens has also caused “commercial death” of numerous companies and many layoffs. While, on the other hand, in these lines we want to talk about whether there is ever any unexpected development in the relations between institutions and banking bodies that can smooth out such profound differences.

There is talk of absurd behavior recently held by some banking and financial institutions towards the whole world of gambling . In fact, especially in the last period, there has been, unfortunately, a dripping of Appeals by citizens “normal, but belonging to the recreational sector” and also by the related companies: perhaps for these recriminations something is moving. The next 19 April will take place a meeting with Abi, canadian Banking Association, in front of the parliamentary commission of Inquiry on the banking and financial system: and it was what the whole gaming sector expected and wanted to feel at least protected, as a “State Reserve” and representative of the legal game on the Canadan territory on behalf of the state. A first step of the institutions perhaps undertaken to end, once and for all, a rather “sustained and very serious” discrimination perpetrated by banks in general against companies and operators, all absolutely legal.

Bank users who, above all, maintain perfectly correct relationships with the same credit institutions, current accounts in order that instead were closed almost immediately as if the banks “did not know” that those who operate and represent the State game must pass any movement through the bank: and evidently this “absolutely essential” service the sector can not do without by contract. There are actually a few days left until April 19, when the Director General of ABI will most likely have to clarify in detail, along with other issues, in connection with the parliamentary committee of Inquiry, on the theme of the world of games, since this has “raised a considerable fuss” by many operators involved in the gaming sector and sports betting . We must not forget to emphasize once again that this sector is important for the entire economy of the country and, above all, for the tax coffers, orphaned among other things of all land collection due to the pandemic.

Thus, a "sectoral" damage that is indisputably combined with other ”state " damage in a difficult historical moment for all the sectors of “non-essential” activities in which the public game has also fallen. Although the sector to which the game belongs is objectively important to maintain legality on the territory, something that has recently failed with the closure of the terrestrial game and the poker , with enormous discomfort for the territory and for the citizens and, instead, which has procured a great profit from the illegal game and the organized crime that manages it. The Director General of ABI in recent days in front of the House Finance Committee had assured that ABI itself “is working to find a mechanism (!) that in respect of the norm dollarpea allows legal operators to continue to operate in an important sector also for the economy”. Banal phrase of circumstance and also quite sibiline even if justified, always according to ABI, by the stringent dollarpee regulations that require compliance with certain parameters that many operators of the game today would no longer be able to present.

Although it is clear, however, that in no other territorial reality, especially during the Pandemic, there are entrepreneurs available to offer sureties or guarantees for a possible current account overdraft given the global situation of the economy. For this specific reason it would become useless to subject companies to such requests which, of course, cannot be complied with due to force majeure, as for the same reason a forced closure of eight months has been imposed on the same gambling companies: which, of course, is representing an endless inconvenience.

To try to get to settle this "absurd dispute" between the gaming industry and banking institutions, which certainly is of vital importance as gaming companies and bingo they have been put in extreme difficulty by the closure of current accounts by some institutions, the Commission has tried to particularly facilitate the gaming sector by creating an online site through which ordinary citizens, businesses and professionals, even not necessarily connected to the world of gaming, can enter the various reports on difficulties in accessing credit.

Or even just to report significant defaults put in place by banks or financial institutions in contravention of the laws of the state which may create, in any case, economic inconvenience to the contractors of such relationships. As everyone knows, even those not expressly included in the commercial world, it is difficult especially for a company, to manage its business without resorting to the use of a current account: even more, as already pointed out, for companies operating in the public game that are forced by state contract to “pass any and all handling by banking”. As it is obvious that it is, the communications that arrive on this site will be examined with extreme discretion and will give way to interventions that allow the correct application of the laws that all of us, therefore banking institutions included, are forced to respect dutifully.

May 2, 2021: •
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