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No more Turks for Party Gaming
 April 18, 2007, 9:36 pm (4 years ago)Party Gaming, which is a publicly listed online gambling group, has now withdrawn online gambling services from its subsidiaries that are known as Party Poker.com and also Party Casino.com from the Turkish Market in a response to the legislative developments in that country.
This week, in a notice to the London stock exchange this week, the company announced the current move and claims that it “has taken all reasonable steps to ensure that customers in Turkey are denied access to any of the groups gaming sites”.
The group however reassured the investors that Turkish online gambling does not represent a significant portion of its revenues and the withdrawal will have little material impact on the results of the move it has made.
The e-wallet Neteller, after the introduction of recent legislation which prohibits certain forms of online gambling from being offered by any unauthorized domestic or foreign company to citizens in Turkey, pulled out of the area and Austrian Giant known as bwin announced also a temporary withdrawal. Bwin said at the current time that it was pulling out of the Turkish market only as a gesture of goodwill. The company also generates around six percent of its gross gaming revenues from Turkey.
Although it has aspirations in that particular direction, Turkey is not yet a full member of the European Union, and as a result it could fall foul of the European Commissions determination to ensure a safe and also discriminatory freedom of trading in goods and also services between member countries.
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