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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."
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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