A shockwave was sent throughout the industry when Neteller.com, one of the largest online gambling payment processor, was banned from serving US residents by the US government, under its Unlawful Internet Gambling Enforcement Act (UIGEA).
However, the company has maintained the same growth potential in global markets just as other online gambling payment processors have pursued and enjoyed in the past 12 months. Even the North America gates were closed for Neteller internet gambling payments, the company refocused to another potential markets like Europe and South East Asia, markets that are already yielding billions in business.
Recently the reintroduction of the Neteller brand sounded remarkably better to old customers who had their accounts frozen by the US government several months ago. The company is now allowed to temporary open those accounts to repay its clients -- $70 million have been given back to their rightful owners in recent weeks.
This latest Neteller news opens a new chapter of opportunities for growth as Neteller shares have improved by a fraction of a percent in the past several days, showing that there is still some confidence in the company.