NETeller Predicts Gambling Growth

After the US government decided to ban online gambling in USA, or at least money transactions from the gambling sites, the e-wallet company NETeller was forced to stop providing its services to US citizens.

NETeller, however, has announced that the company predicts a growth thanks to the gambling boom in other parts of the world.

NETeller, based in Isle of Man, are in the process of refunding its American customers with the intention of closing their accounts. And the company has made significant progress. All in all, US citizens have accumulated over $94 million in the e-wallet and NETeller now states that over $71 million has been refunded.

But this is not the end for NETeller - far from it if we believe Dale Johnson, chairman of NETeller. He says that NETeller is going to refocus its efforts on building and strengthening the business outside of North America, primarily in the European and Asia-Pacific regions.