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6/2/10 - Neovia Financial plc, the Isle of Man e-processor that operates the well known Neteller brand, boasts this week that it now provides payment services to more than 85 percent of UK online bingo operators, including Wink Bingo, 888 Ladies, Posh Bingo and the market-leading Foxy Bingo.
More operators are seeing the benefits of providing easy-to-use alternative payment options such as e-Wallets, so that they can attract new players who want to play but don’t have a credit card or want to use one, says a statement from the company.
With the decline of ‘free-to-play’ games, market consolidation and the added pressure of players wanting instant liquidity, finding a competitive edge is crucial for bingo operators, it notes.
Electronic identity and anti-impersonation checks are automatically undertaken when a new consumer signs up for the Neteller e-Wallet. These checks allow bingo operators to reduce the fraud and compliance risks in allowing new customers to play immediately at their websites. This helps to increase the operator’s revenue and improve the service it can offer its customers.
Players can also apply for the Net+ card to instantly spend their winnings on cash-out, at over 30 million MasterCard high street, online or ATMs located worldwide.
According to the latest Mintel Research report there are over 3.5 million UK players with a demographic shifting towards a younger segment. With some 20 percent of players between 18-24 years old, this overlaps with the demographic of Neteller e-Wallet members, the company claims.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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