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Neteller Pulls Out of Canada and Turkey
I don't see it here yet so here it is.......
http://www.neteller-group.com/press/en/127.htm NETELLER Announces Service Changes to Canadian and Turkish Market Monday, 26 March 2007 – The NETELLER Plc Group (“NETELLER” or the “Group”) (LSE: NLR), the leading global independent online money transfer business, today announced several significant changes to its services in a number of markets. The Group continually assesses the risk profile and status of the markets its serves. Recent actions by regulators, payment processors, and online gaming operators have increased the uncertainty around certain activities related to online gambling in some jurisdictions. The Board of Directors of the Company reached a decision, on 25 March 2007, that the risk to the Group’s ongoing business in Canada and Turkey has increased in the light of such developments. The Board has therefore concluded that the Group will no longer process transfers related to online gambling sites on behalf of Canada or Turkey resident customers. Reduced Service to Canada Cessation of Canadian transfers to gambling merchants: the Group will cease processing online gambling related transactions for Canada-resident customers with effect from 12.01 AM MST Monday 9 April 2007. Suspension of InstaCASH transactions: As of today Monday 26 March 2007, at 12:01 AM MST, Canada-resident customers were no longer able to deposit funds using NETELLER’s instaCASH service either directly or from any online gambling site. Non-gambling services continue: Canada-resident customers will continue to be able to use their e-wallet accounts for non-gambling transactions, including peer-to-peer and pre-paid debit transactions. Available customer funds: Customer funds, including those of Canadian residents, are held in a pooled, segregated trust account and will be available for withdrawal by customers, on demand. Canadian customers continue to be able to use their e-wallet accounts for non-gambling transactions. Reduced Service to Turkey In light of recent legislation passed in Turkey on 28 February 2007, which prohibits certain forms of online gambling to be offered by any “unauthorised” domestic or foreign company to citizens in Turkey, NETELLER has decided to implement a voluntary phased withdrawal of the payment services related to online gambling that it offers customers to the Turkish market. Withdrawal of local bank funding options: Local bank deposit options for Turkey-resident customers were withdrawn on Friday 9 March 2007. Cessation of Turkish transfers to and from online gambling merchants: The Group has ceased processing online gambling related transactions for Turkey-resident customers with effect from 6.01 AM GMT Monday 26 March 2007. Non-gambling related services continue: Turkey-resident customers will be able to continue to use their NETELLER e-wallet account for any non-gambling related money transfers and withdrawals. Customers located in other parts of the world are not affected by this change, and NETELLER continues to service these customers in the normal manner. Group Business Impact The Canadian business of the NETELLER Group would likely have contributed significantly to the Group’s revenue and profitability during 2007 and the loss of this business is now likely to have a material negative impact on the Group’s results for the full year ending 31 December 2007. The Turkish business of the Group does not represent a material proportion of the Group’s overall customer base, revenue or profitability. The Group does not anticipate making further significant reductions in staff as a result of these service changes as the Board believes that its Calgary-based operations are appropriately sized to handle the remaining non-North American business of the Group. The Group will continue to focus on the growth markets of Europe and Asia. Other Updates The Group’s shares will continue to be suspended from trading on AIM in view of the continuing uncertainties the Group faces. Further announcements will be made as appropriate. The Company is working towards the finalisation of its audited annual results for the year ended 31 December 2006 and will announce the date on which these will be published to the market in due course. The Company would, in light of recent press comment concerning its announcement of 21 March 2007, like to make clear that the 75 day period referred to in that announcement was for agreement of a plan of distribution with the United States Attorney's Office. It would remain to be determined, as part of that plan, the precise timing of the distribution of funds to US customers. Further information is available on the Group’s website in the form of updated FAQs. About the NETELLER Group Trusted by millions of consumers in over 160 countries to move and manage billions of dollars each year, the NETELLER Group operates the largest independent online money transfer business in the world. The Group specializes in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the Group to support thousands of retailers and merchants in many geographies and across multiple industries. The Group is quoted on the London Stock Exchange’s AIM market, with a ticker symbol of NLR. NETELLER (UK) Limited is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about the Group visit www.netellergroup.com. Media and Investor Contacts Citigate Dewe Rogerson Sarah Gestetner or George Cazenove Tel: +44 (0) 207 638 9571 |
| The Following 7 Users Say Thank You to pokeraddict For This Useful Post: | ||
Casinomeister (26th March 2007), DakWinner (23rd October 2007), KasinoKing (26th March 2007), lavalyn (29th March 2007), Mousey (26th March 2007), Professor (26th March 2007), unicorn40 (26th March 2007) | ||
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This is ridiculous. I am so confused. Gambling is LEGAL in Canada! Quote:
from the very beginning.
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The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad. |
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Secrets
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Canadian players have just over a week to get funds out of casinos, through Neteller, and out to their banks. Given what happened in the end to US players, Canadian players should get their money out NOW if they only have Neteller as a withdrawal option, and investigate other ways to withdraw before they look for alternative deposit methods. Greek players should consider the implications of the arrest of an affiliate, they are likely to be the next market left high & dry by the processors. This is likely to be overturned by the European Court as restrictive marketing practice. EU rules will dictate that any online gambling operator authorised by one EU state should be able to freely offer services to any other EU state where any form of online gambling is allowed, even if only by a few chosen firms.
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http://www.vinylweatherman.net The unbelievably out of date guide to Fruit Machines on the UK Motorway network. |
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And I totally agree with VWM, any Canadians who have money in NETeller -- get it out NOW, by whatever means possible.
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The Cat: Oh, you can't help that. We're all mad here. I'm mad. You're mad. |
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This really sucks!!! I have to find a new place to use now too. I've used neteller since PayPal quit. BTW......i don't think gambling is "legal" here...there just hasn't been much done at all about it yet....I kinda figured when the USA did that , Canada would follow at some point.
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unicorn40 |
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Author Jerome Corsi filed a Freedom of Information Act request yesterday asking for full disclosure of the activities of an office implementing a trilateral agreement with Mexico and Canada that apparently could lead to a North American union, despite having no authorization from Congress.
As WorldNetDaily reported, the White House has established working groups, under the North American Free Trade Agreement office in the Department of Commerce, to implement the Security and Prosperity Partnership, or SPP, signed by President Bush, Mexican President Vicente Fox and then-Canadian Prime Minister Paul Martin in Waco, Texas, March 23, 2005. Corsi specifically has requested the partnership's membership lists, constitutive documents, meeting minutes, meeting agendas and meeting schedules as well as all findings, reports, presentations or memoranda. He also wants all comments to representatives of the "Prosperity Working Groups" or other working groups, committees or task forces associated with the partnership along with internal and external interagency or intra-agency memoranda of understanding, letters of intent, agreements, initiatives and budgeting documents. Corsi believes President Bush effectively agreed to erase U.S. borders with Mexico and Canada when he signed the SPP. Geri Word, the administrator in charge of SPP, confirmed in a telephone conversation with Corsi that SPP.gov has not published the membership lists of the working groups or the many trilateral agreements the website documents indicate are being implemented. "This is all being done by the executive branch below the radar," Corsi told WND. "If President Bush had told the American people in the 2004 presidential campaign that his goal was to create a North American union, he would not have carried a single red state." The president, Corsi maintains, has charged the bureaucracy to form a North American union "through executive fiat ... without ever disclosing his plans directly to the American people or to Congress." Attorney Robert A. McGuire, who filed the request on Corsi's behalf and is preparing further requests, says if the president "is creating a new North American union government without the full and complete knowledge of the American people, we are facing a severe constitutional crisis." The purpose of the FOIA, he said, is to get the "full facts exposed in the light of day, available for the American people and for Congress to examine and decide." Rep. Tom Tancredo, R-Colo., is demanding the Bush administration fully disclose the activities of the SPP office. Tancredo wants to know the membership of the SPP groups along with their various trilateral memoranda of understanding and other agreements reached with counterparts in Mexico and Canada. Many SPP working groups appear to be working toward achieving specific objectives as defined by a May 2005 Council on Foreign Relations task force report, which presented a blueprint for expanding the SPP agreement into a North American union that would merge the U.S., Canada and Mexico into a new governmental form. |
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Check out the FAQ's page,
http://content.neteller.com/content/..._canada.htm#20 When is the last day that I can transfer funds with an online gambling site? On April 9, 2007 all transfers to and from online gambling sites will be disabled for Canadian members So I guess we have until April 9 to use them?!? Someone suggested Moneybookers and Eco card but it seems eco only deals with one bank which isn't mine! Apparently Canadians are followers not leaders, right behind ya USA!"I know Canadian gamblers must be up in arms.... aren't they?" LOL at mousey, Canadians don't get up in arms about anything!
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lol I contacted ctv about this yesterday by email...seems the story isn't a seller
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So, who's left? Firepay left the market about a month ago, Neteller leaves in a week and change...
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