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Amex Prevents Punters Gambling Online

19 October 2004

K -- As reported by the Register: "American Express and Citigroup took the decision to block the use of their cards because of concerns over fraud and fears that people might run up debts.

"The Financial Times reports that similar measures have been in place in the US for the last couple of years. The paper quotes Citigroup as saying: "We implemented this rule in the US two years ago but did not have the right systems to do it in the UK until last month."

"A spokesman for the UK's online gambling industry said that the move "smacked of a nanny state," insisting that people should be free to spend their money how they wanted. The UK government is currently looking to deregulate the UK's gambling sector while introducing new measures to ensure that legislation can keep up with new technology..."

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