Banking for Casino Play?

[bnpsu]

Hello,

For someone who enjoys visiting the casinos internationally, what's the best bank setup to send/receive 5-6 figure wires? Remote wires needed...

I think the problem is with a lot of banks is casino activity is viewed poorly and can get the account shut down.

 

[blancmon229]

bnpsu said:
Hello,

For someone who enjoys visiting the casinos internationally, what's the best bank setup to send/receive 5-6 figure wires? Remote wires needed...

I think the problem is with a lot of banks is casino activity is viewed poorly and can get the account shut down.
Click to expand...

I would look into banks in Austria. It is well known as an extremely gambling friendly country to the point many professional pokers players move there because profits on gambling is not taxable. I have some German pro poker friends who moved to Austria for that reason, so you should have no problem with a bank account there accepting the proceeds.

 

[Alexonmon]

Many international Casinos, especially those ones with high buyin poker events are accepting now a Service called "Luxon Pay" which seems to have been specialized on those kind of transactions. They are licensed in the UK and you shouldn't have any problem with transfers from and to your bank accounts. Maybe worth a try.

 

[myhand]

Use Skrill, Teller or some other gambling friendly wallet to receive the money from the winnings. Setup a business model that is accepted by the regular neobanks and emi's, and bang you have a solution!

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[bnpsu]

blancmon229 said:
I would look into banks in Austria. It is well known as an extremely gambling friendly country to the point many professional pokers players move there because profits on gambling is not taxable. I have some German pro poker friends who moved to Austria for that reason, so you should have no problem with a bank account there accepting the proceeds.
Click to expand...

Hmm interesting, can you open a bank as a tourist? Do you know which bank specifically? Thanks!

 

[blancmon229]

bnpsu said:
Hmm interesting, can you open a bank as a tourist? Do you know which bank specifically? Thanks!
Click to expand...

If you're from the EU then I think it should be easier to open a bank account. From any other country besides from the US, if the sum is high enough there is a chance they might onboard you. If you're from the US though then not a chance.
Not sure about the exact banks though.

 

[Clearsky Network]

I wouldnt open an account with any bank, only EMI that is gambling friendly. Would be less headache with compliance

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