Re: Neteller Update...
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for those that understand the market better than i.
neteller should be looking for a buyer in a 'e-gambling welcome' country right now, right?
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Why?
I expect you will find that the large Neteller shareholders would all tell you that they would rather have Neteller profit from its non-US business operting legally, than have to deal with the litigation costs and reputation blow of operating illegally; even though that means lower revenue/profits.
This is in fact, basically what the primary Party shareholders said.
I would not expect Neteller to handle this transition in any way that might tarnish their reputation. There is alot of money moving around the world, look to Neteller to diversify their business.
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party poopa! [img]/images/graemlins/frown.gif[/img]
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Sublime,
As a poker player, I think like you, that I would like nothing better than for Neteller to operate outside the law.
However, from a business/market perspective, I just don't see them going that way... and they are making it pretty clear that is not their intent.
It will all come down to exactly what the Regs say must be done.
In an interesting twist, if the regs for example, say that financial instititutions only need worry about Direct transfers, the primary institution with responsibility to take action may be Neteller [img]/images/graemlins/wink.gif[/img]
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