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Online casinos firms clash over payment

The ongoing tragedy of the top online casinos firm decline, that has been chronicled in many online casinos reports and online casinos news releases, continued this week as assertions and denials went back and forth between online casinos regarding payouts to players as ordered by a US federal court.

Following Department of Justice prosecutions and a restraining order from a federal court, the embattled online casinos firm has had to close its site to all US players, a move that slashed some 80 percent of its business off the books. The order also required the company to pay deposits back to players, something a spokesman said it could not do owing to a suspension in its contracts with e-cash processing outfits like Neteller.

This week, in an exclusive interview with an online casinos firm, the Vice President of Neteller flatly denied his online casinos cashing company is preventing monies from being transferred by the troubled online casinos firm to its customers.

"Neteller is not holding any funds from (the troubled online casinos firm) and thus has not frozen or held any reserve funds from this company." Andrew Gilchrist, the VP of Corporate Development and Communications said.

Gilchrist went on to tell the online casinos news site that Neteller halted all transfers to the online casinos firm in trouble following the indictments by the US Department of Justice against certain related companies and individuals but has continued to allow transfers from the company to facilitate member payouts. Transfers to and from Asian-facing wallet are operating as usual."

Adding more fuel to the fires of player and investor discontent were reports in an online casinos news site that advertising venues have been asked to refund money back to the troubled company via a dormant company owned by the online casinos giant that dismissed CEO David Carruthers, who has just been released on bail but remains confined to a DoJ approved hotel in the city of St. Louis, Missouri pending charges under a 22 count grand jury indictment.

The top online casinos news site reports that investigations by a major online gaming publication have shown that advertising venues were asked to send refund credits due to the firm to World Answer LTFD, run by Carruthers.

Earlier, the British newspaper The Observer reported on moves being considered by disgruntled investors, saying: "Shareholders in (the troubled firm) PLC, the British internet gaming group that has been targeted by a US crackdown on online gambling, are considering taking legal action against the company's advisors Evolution Securities and Baker Tilly. They are unhappy that the history of the company's founder Gary Kaplan was not made clear at the time the company floated two years ago."

Over the weekend, reports started to surface that that all previous related phone numbers of the firm had been disconnected without advising players of new contact addresses and channels. Observers reported that new numbers would likely not be in the company’s traditional Costa Rica region.


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