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FireOne to close Canadian operation?

Discussion in 'Casino Industry Discussion' started by Ian_go, Nov 20, 2006.

    Nov 20, 2006
  1. Ian_go

    Ian_go Dormant account

    Occupation:
    keeping the peace
    Location:
    Canada
    A source inside the payments processing company FireOne has reported that the company is considering closing it's downtown Montreal based operation.

    "Close to 90% of the companys income was derived from US customers. After FireOne said they would no longer take US business the impact was felt right away. " the long time FireOne employee said.

    A recent Sharecast report indicated that FireOne had slumped to an all time low in Q3 after recording a non-cash impairment charge of $78.4 million bought about by the new US Unlawful Internet Gambling Enforcement Act.

    "The company was in talks with one group about sale of their U.S. business, but that went no where" The source went on to say: "I have been with the company since early 2001. I saw our call centre go from 70 people to 7 in the months after You must register/login in order to see the link.
     
    1 person likes this.
  2. Nov 20, 2006
  3. Professor

    Professor Dormant account

    Occupation:
    Webmaster - Community Moderator
    Location:
    DontArrestMe USA
    Not at all surprising.
     

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