RBS may be dropping the business, but its rival will profit

Confirmed reports last week that the Royal Bank of Scotland was to eschew online gambling business in regard to the Dutch and Swiss gambling markets have presented an opportunity for its chief rival Barclays group...and it looks as if the enterprising banker will exploit it to the full.

Answering queries from eGaming Review, a senior Barclays source confirmed that the banking group has no problems with Dutch or Swiss online gambling transactions and said: “We are still processing online gaming transactions and have not changed our policy towards the industry.”

EGR reports that Barclays is RBS International’s main rival for the business of gambling companies licensed in the offshore jurisdictions of Alderney, the Isle of Man and Gibraltar with exposure to the Dutch and Swiss markets.

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