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Pro Online Gambling Financial Group Opens in US

2/10/10 - Three former senior executives from MasterCard are betting that lawmakers will soon regulate legalised Internet gambling in the United States, and have set up shop to facilitate wagers as a U.S.-subsidiary for a United Kingdom payments processor.
 
A staunch advocate of legalised online gambling in the USA, UC Group Ltd launched its US subsidiary SecureTrading, and released a statement assuring interested parties that it is poised to provide “safe financial transactions and required consumer protections” in the United States in anticipation of federal legislation.
 
The UC move comes in the wake of recent developments that have seen MasterCard and more recently Visa blocking the placement of financial transactions with online gambling sites despite delays in the implementation date for the UIGEA and an imminent push by Congressman Barney Frank to legalise online gambling.
 
SecureTrading’s chairman, Chris Thom, was chief risk officer at MasterCard, where he spent 11 years. The subsidiary’s chief operating officer, Ted Friedman, previously worked at MasterCard New York and Europay International in Belgium. And T.J. Sharkey, its head of customer sales and support, spent 17 years at MasterCard, recently as the group head of Global Merchants and Acquirers.
 
"Momentum for regulating Internet gambling in the U.S. has been building for some time," said Thom. "As Congress prepares to take the final step, SecureTrading Inc.'s turnkey system is primed to enable our customers to go live the moment Internet gambling is regulated."
 
SecureTrading Inc.'s services will enable licensed gambling operators quickly and efficiently to be in full compliance with Internet gambling regulation. Offerings include player registration, verification and validation to ensure that the player is not underage and is in a location where online gambling is legal. The company also provides financial payments processing, anti-money laundering and fraud tools, tax computation and collection, payment and reporting; and responsible gambling tools that will allow players to self-exclude from online gambling activity or elect online to seek help in real-time for problem gambling.
 
"Individually and collectively Chris, Ted and T.J. have extensive experience in the Card and Banking industry for providing Internet payment services across multiple market sectors," said Kobus Paulsen, Chairman of UC Group Ltd. "They bring substantial value to SecureTrading Inc. and our customer base as we prepare for the passage and implementation of online gambling regulation in the U.S."



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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