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Neteller & Online Casinos

May 5th, 2007

In lastest changes with NETeller corp, the two major countries which used NETeller to purchase casino credits are no longer allowed. This has had a major effect on NETeller stocks as it made up most of there online business. US residents are not allowed to use NETeller at all, while Canada residents can still use NETeller just not on gambling purchases. Now the question is, how long will they be able to stay in business with loosing most of the total revenues. Unless other countries start using their services soon, I expect they will most likely fold before the year is out.