NETeller Cuts Ties with American Online Casinos

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CASINO NEWS - UK CASINO NEWS
 
18 Jan 2007 - NETeller Cuts Ties with American Online Casinos
 

The continuing effort by the United States authorities to ban gambling at online casinos is, well, continuing. The legislation passed a couple of months ago and which shook the online casino industry worldwide, has focused on the payment services that cater online casinos. Perhaps the best known of them and most popular of the payment methods, NETeller, has been the most recent company to be hurt from the policy. NETeller, and gamblers who use it for their gambling at online casinos.

This week saw the arrest of two of the founders of the e-wallet company that has served online casinos deposits, as well as other merchants across the Internet. The arrests came in spite of the two not being involved any longer with the company or with online casinos at all. Then, following these developments, the company came out with a message to its US clients that it will immediately cease serving transfers to and from online casinos. The decision is to take effect immediately, but will not apply to non-US gamblers or to any industry other than online casinos. That being said, the online casino activity is by far the main focus of the company. Of this, American gamblers made up over half of its members.

Naturally, this development, involving such a big player in the world of online casinos, has cause worries to the business and the gambling community as a whole; worries, as well as confusion. Afraid the consequences of the developments might affect NETeller members, shareholders, business partners and the managers themselves has been in the background of the company's decision to shut down its online casinos services to US gamblers.

On the positive side, as far as the online casinos world is concerned, NETeller has been developing its hold in Europe, Asia and other growing gambling markets. As for the American gamblers, the funds are kept safe and secure, and instructions were posted by the company for quick and simple withdrawals. The company prepares to pull out of this crisis with a business plan they seem to have been planning for a while now, anticipating a development of this kind. Online casinos gamblers will surely watch closely to see if this will happen.

Source: http://www.onlinecasinoreports.com

 
 
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