Neteller returns to U.S. market with Nevada online poker deal
Neteller is set to re-enter the U.S. market after years of restrictions. The payment processor has struck a deal with Bally Technologies to provide services in Nevada’s online poker sector. This marks a significant shift after a long absence from American operations. The company was previously banned from the U.S. following legal troubles. In 2007, it paid a $136 million fine for processing illegal gambling transactions. This came after the Unlawful Internet Gambling Enforcement Act (UIGEA) was introduced, making it harder for American players to deposit funds on gambling sites.
The Department of Justice initially focused on banks and payment processors to enforce the law. Despite the restrictions, Neteller continued serving U.S. customers, leading to its eventual fine and withdrawal from the market. Since then, it has operated only in Europe and the Far East. Now, with a new agreement in place, Neteller will return to the U.S. by supporting Bally Technologies in Nevada’s regulated online poker industry.
The deal allows Neteller to resume operations in a controlled U.S. market. Nevada’s online poker players will gain another payment option. The move follows years of legal challenges and a shift toward regulated gambling in the state.
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