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]

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 a︀ 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!

 

[bnpsu]

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

 

[blancmon229]

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