A Look At Neteller
Michael Jivkov writes for the UK's Independent about yesterday's financial results reported by Neteller and asks the question "is there no end in sight to the company's growth?"
The group's key customer base is online gaming it provides an " e-wallet" for gamblers to use when playing poker and other games via the web. Eighty-five per cent of revenues relate in some way to the industry and its popularity has fuelled the bulk of Neteller's financial success.The downside to all this is that the US authorities intensely dislike online gambling. In fact, there are several bills prohibiting the practice awaiting approval from Congress.
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