On Friday 29 September 2006, the US Congress passed legislation which includes certain provisions to prohibit unlawful internet gambling through the restriction of payments to such sites.
The Bill states that there will be a period of up to 9 months for the US regulators to prescribe regulations requiring each designated payment system and all participants therein to identify and block or otherwise prevent or prohibit restricted transactions.
It is currently unclear how NETELLER, a European company, with no assets, presence or employees in the US, would be affected by this bill. Once the regulations have been written, NETELLER will have a clearer view of which companies are affected, how those companies will be expected to comply, and any possible resulting impact on NETELLER and its US facing business.
NETELLER continues to operate its business as normal.
Over 3 million customers in 160 countries trust NETELLER to transfer over $7 billion each year. The company is authorized in the UK by the Financial Services Authority and listed on the AIM market of the London Stock Exchange. To protect its customers’ money, all deposited, in-transit, and un-cleared funds are held in Trust Accounts.
Online casino supplier, SkillOnNet, is reinforcing its partnership with Prime Gaming, making the decision to relocate its gambling brands from Aspire Global.
New Experience for Punters
After a decade of partnership with the Aspire group, the provider says that the company is determined to provide punters another level of an exceptional experience and only that will match their ambitious evolution plans.
Malaysian authorities are making good on their promise to crack down on illegal gambling operators, including online providers. The country's Common Gaming House Act 1953 was created before the advent of online gaming, and although still considered illegal, some operators have found ways to get around the act by using family entertainment center licenses and other means. One politician wants to close any loopholes that might exist.
Banking is one of the most important parts of the online casino experience for players. On the business end, it's also a bottleneck that can completely cripple a casino or an entire subset of the industry if it's not handled well with plenty of great options. That's why the new Rapid Transfer option from Neteller is such a great piece of news since it offers up yet another convenient way to make deposits.
How Rapid Transfer Works