NETELLER STAYING IN THE U.S. MARKET

(689) (12-October-2006)

Key element in the online gambling industry mix

With a turbulent industry week drawing to a close, Neteller announced the welcome news that it has no intention of pulling out of American market and will continue to provide services for US players.

The alternative payment processor registered with the financial regulatory authorities on the Isel of Man stated this (Thursday) morning that it would continue to operate as normal in the US. 

The company said it expects to have a clearer view of how it will comply with the Unlawful Gambling Enforcement Act following the 270-day period after the Act is signed. During this time, the Act's regulations will be drafted.

Neteller said it would maintain existing customer and merchant support across all the markets it currently serves.

Delegates at the European Interactive Gaming conference in Barcelona received  the same view from Neteller's Executive Vice President of Sales and Marketing Bruce Elliot , who told an audience of online gaming executives: "We are staying in the U.S. I don't think we have a problem."