Neteller stops online gambling transactions for Canada
A press release by Neteller
today is informing its customer base that the group will no
longer allow Canadian and Turkish residents to conduct financial
transactions with online gambling websites. The cease for Canada
citizens will be in effect on Monday 9 April, 2007, and
InstaCash transactions to and from online gambling sites is
effective immediately today, 03/26/2007. According to Neteller,
funds of Canadians are secure and will be available for
withdrawal on demand.
Neteller admits that the lost
of Canadian business will have negative material impact on its
financial standings for 2007, however, at this time there are no
plans for further reducing the staff of the company. Neteller
PLC stock still remains suspended from trading on London's AIM.