Entries Tagged as 'neteller'

Tuesday, May 19th, 2009

The Silver Lining: Online Gambling Bill Means More Coverage for Sports Betting Ban

As mentioned in my previous post, the introduction of a new legislation to legalize some forms of online gambling has been generating mainstream press coverage for what was once a niche issue. This video from Bloomberg TV is a good example of this increased awaremess:

In related news, as expected Delaware Governor Jack Markell [...]

Monday, July 30th, 2007

Neteller Funds Are Available For Withdrawl Today

I received this email today from Neteller. I logged into my account and requested a withdrawl of all funds. At this point I’m waiting for a check to arrive – we’ll see what happens.
The NETELLER Plc Group has announced that the distribution of funds to its US members will begin on July 30, [...]

Wednesday, July 18th, 2007

A Light At The End Of the Tunnel? Neteller Settles With U.S. for $136 Million.

Looks like Neteller has managed to save their skin by negotiating a deal with the U.S. Attorney’s Office. All charges will be dropped against Neteller in exchange for the handing over of $136 million in funds to the U.S. and cooperation into an investigation of online gambling sites.
The big question for iBet.pro readers of [...]

Tuesday, July 17th, 2007

Neteller Press Release And a New Website for the Neteller Customer Coalition

This press release was recently issued by our “friends” at Neteller. Sounds like they are simply stalling for more time at this point:
“Further information will be communicated to NETELLER’s US customers via email, through our website and through a press release once the date for implementation of the plan is finalised.”.
On a related note, [...]

Wednesday, July 4th, 2007

Neteller Update – Positive News from Customer Service

Just saw this encouraging post on the Neteller Customer Coalition mailing list:
I just got off the phone. I was unable to get my account reopened but
they did give me the balance. They are now confirming they have all our
cash. I was told they are just awaiting for the US Attorneys office
approval before dispersing funds. I [...]

Monday, June 4th, 2007

Neteller Speaks

The seventy five day wait is over. The plan on how the seized Neteller funds are to be returned to customers has been announced. It looks like the money will be coming back via EFT and that the accounts are going to be temporarily reenabled for people to enter in their bank account [...]

Friday, May 18th, 2007

Neteller Hearing Pushed Back Yet Another Two Weeks – For The Fifth Time!

The Neteller saga continues. Now the hearing to determine if two NETeller co-founders will be indicted has been postponed for yet another two weeks.
A hearing had been scheduled for May 16th, but is now moved back to the first week in June according to MajorWager.com. This would represent the fifth postponement of the [...]

Monday, March 26th, 2007

Neteller Pulling Out Of Canada And Turkey

More developments yesterday from the Neteller reality show:
“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 [...]

Sunday, March 25th, 2007

Neteller To Unveil Plan To Return Frozen Funds In 75 Days!

Updated 3/25/2007 2:23 PM PST: Changed the headline to be more accurate. Thanks for the comment David.
From Eye On Gambling
NETELLER released a statement yesterday declaring that a deal with the U.S. Attorney General’s office had been made that will allow the money to be returned, and that a plan will be revealed within 75 [...]

Thursday, March 15th, 2007

Neteller Executives To Walk? Draconian Gambling Laws Repealed? Barney’s Working On It.

My new favorite blog Neteller Watch reports that Congressman Barney Frank could be working on a bill that would repeal the Unlawful Internet Gambling Enforcement Act and also that charges may be dropped against the recently arrested Neteller directors.
I grew up in Barney’s district and I’m glad to see him taking action on this issue. [...]