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NETeller Update

September 4, 2007

NETeller recently held its Annual General Meeting, and the online gambling funding company is seemingly upbeat about what they will be capable of from here on out. The online gambling funding company has just spent the last seven months fighting with the United States government, and has come out of it a little worse for the wear – but still determined.

The company has been able to give their US customers back a large chunk of the money that the US government had frozen, which made the company very pleased. Their chairman, Dale Johnson, said that this was the end of that “challenging period” for the company and it is only uphill from here.

The company has pulled from the online gambling markets in the US and Canada, and has reached an agreement with the government on July 18th. The company is now going to take their time and rebuild in the European and Asia Pacific markets, and they believe that they will be very successful there among online gambling companies and their customers.

The online gambling funding company has already returned more than $71 million to US consumers, with less than $23 million still left to return. The US authorities have agreed to the distribution among their former customers.

The chairman assured stockholders as well as customers and online gambling merchants that they would still hold to the same ideals and professionalism as before – and that if anything they would only be able to meet their needs more efficiently than before.




Back to September 2007 Archive.

 

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