German Bank Says Online Poker Illegal, Refuses to Release MicroMillions Winnings German Bank Says Online Poker Illegal, Refuses to Release MicroMillions Winnings
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Key Takeaways
  • A dream came true for Italian player “Ruideck” during the final event of the PokerStars MicroMillions at the end of March, when he parlayed his $11 buy-in into a $59,500 payout for his third place finish.
  • The Sicilian born player, who as a result of the win, quit his job as a waiter in Dresden, Germany, has been told by his bank, Unikredit, that he can’t cash the money out because the bank has determined that online poker is illegal.
  • The German bank decision is extremely worrying for the industry.
  • Now that the bank in Saxony has frozen winnings from online poker, there is a risk that the other German banks could follow suit and effectively crush the online poker market in Germany.

A dream came true for Italian player “Ruideck” during the final event of the PokerStars MicroMillions at the end of March, when he parlayed his $11 bankroll into a $59,500 payout for his third place finish.

The Sicilian born player, who as a result of the win, quit his job as a waiter in Dresden, Germany, has been told by his bank, Unikredit, that he can not cash the money out because the bank has determined that online poker is illegal.