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MoneyBookes Awards

2/8/10 - The popular e-cash processing company Moneybookers has been named the fastest growing private equity-backed company by the prestigious financial Deloitte Buyout Track 100.
The Buyout Track 100 league table ranks Britain's 100 private equity-backed companies with the fastest-growing profits (EBITDA).  The award is recognition that, while the overall industry has been struggling, Moneybookers has continued to outperform the market - the company is signing up 13 000 new customers a day for its services.  Profits grew 177 percent in a year to GBP 13.9 million in 2008 (on which the Buyout Track is based.
The announcement follows further record numbers posted by the company in the past year of operations, during which it has:
* Signed up its 10 millionth Moneybookers eWallet customer for a 64 percent year-on-year growth
* Seen a surge in e-commerce transaction volume of 120 percent (the global trend has been only 15 percent growth).
* Doubled deposits in customer accounts
* Increased staff headcount by over 150 to 400, with much of the growt occurring in 2009.
* Extended its online merchant base from 35 000 to 60 000, including the signing up of major names such as, Playfish, Skype and Thomas Cook.
Martin Ott, co-chief executive, said:  “The crisis has made us stronger. While other companies have cut back on their spending, we have increased our investment in future growth. The high growth of our business has again been recognised and we are confident that we will build on this momentum in 2010.  This award is a testament to the popularity of the Moneybookers eWallet, now used by over ten million customers and whose ease of use and security benefits are attracting over 13 000 new customers every day”.
Moneybookers’ highly competitive offering includes a fully integrated worldwide banking network, with over 80 local payment options in more than 200 countries, all with low transaction fees. In addition, Moneybookers has market-leading security and risk management expertise, which protects customers’ personal data and offers merchants charge-back protection. 
Nikolai Riesenkampff, co-chief executive, said: “Our merchants are benefitting from a substantial increase in use of the product, with deposits doubling over the past year and impressive increases in customer conversion rates.  Our payment service for business customers comes with industry-leading security and fraud prevention measures.  With Moneybookers not only consumers but also merchants can feel secure due to our charge-back protection.”
The company is no stranger to top UK awards; it was recently voted the 6th fastest-growing and the most profitable IT company in the Tech Track 100 and the 2009 Media Momentum Awards , where Moneybookers won the Best Execution and Judges’ awards.

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Gambling News :

Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

Coral Launches player proposition betting product - Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.

Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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