Online gambling payment processor and company, NETeller Plc, has announced that it will no longer service online gambling transactions from residents of Israel.
‘Recent legal developments have increased the uncertainty regarding the legality around certain activities related to online gambling in the Israeli market,’ said the company in a press release. ‘The company has, therefore, concluded that the group will no longer process transfers related to online gambling sites on behalf of Israeli resident customers.’
In late-June, a Tel Aviv court upheld a lower court ruling that stated gambling websites targeting Israelis are breaking the law even if these are run and registered abroad. The original ruling was surrounding the case against Michael Carlton, Chief Executive Officer for Victor Chandler, in January.
Carlton is a British citizen who lives in Gibraltar but his online gambling site was determined to be illegally targeting Israel residents.
NETeller said that it would be limiting its services for Israel residents in the same way it does for US residents. Israeli customers will still be able to use their NETeller accounts for non-gambling related money transfers and withdrawals and local funding options for their accounts will continue to be available.
888, Blue Square to launch white-label sports betting services
speculations are rising as the online gaming group 888.com is to launch a sports betting service by the end of the year. 888 is said to deal with Blue Square to provide a sports betting white label that will see it competing with Ladbrokes.
Industry rumour suggests the Rank online gaming subsidiary is at the head of the running to provide the European-focused gaming giant with a full sports betting service.
Gigi Levy, chief executive at 888, refused to comment on the story only saying that “nothing is finalised”. Blue Square likewise refused to comment on the speculation.
Levy has previously promised that 888 would be entering the sportsbetting Togel Singapore market by the end of the year.
Entering into a white-label deal would bring to an end the speculation that 888 would either buy an existing sportsbook operation or build one from scratch, at least in the short to medium-term.
NETeller Inks $136m deal To Escape Prosecution
Payment processing firm NETeller has agreed to forfeit $136 million as part of a deal with the US government to escape prosecution on conspiracy charge related to its handling of online casino and gambling proceeds.
Under terms of the deal the British firm must also pay back over $90 million still owed to customers.District Judge P. Kevin Castel in Manhattan declared that the charge will be dismissed after two years if the company meets the conditions of its agreement with the US Attorney’s office.
A statement from NETeller said: “The company is happy to put this behind us.”
NETeller stopped operations in the US in January, abandoning two-thirds of its business after authorities arrested its Canadian co-founders, John Lefebvre and Stephen Lawrence, and charged them with handling illegal gambling proceeds.