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US Firm Invests in Online Casino Service Provider

Moneybookers, one of the most popular payment solution providers in the online casino industry, has been purchased by an American investment company located in New York. Although the Unlawful Internet Gambling Enforcement Act latterly chased the online casino industry from the United States, it seems that American businessmen realize the financial potential that the online casino industry holds, and want to take part in its business. Moneybookers offers a safe and comfortable way to pay for online casino action through an e-wallet service that online players like very much. It offers services all across Europe and deals with all the big names in the industry.

As part of the huge business deal, the current shareholders of the company will keep a significant share of their control. Moneybookers is responsible for a large portion of the business generated by the online casino industry with more than 2.9 million online users and deposits that equal to about Euro 2.5 million. Any player that wants to play at an online casino must deposit money into his online casino account. Most players do not want to use their own credit cards when it comes to online shopping, and using an e-wallet service like the one offered by Moneybookers is the most popular solution. That way you only give your personal information to one company alone, and handle all your online transactions through one account.

It’s interesting to see that an American company is doing business with the United Kingdom online casino payment solution provider. The anti online casino bill that was enacted last year clearly prohibits any business between American financial companies and online casino frims that cater for the American public. The online gambling industry has shifted its focus and now centralizes all efforts in Europe. This means that the business can be done, and when business is possible – the American market responds. Hopefully, we will see further dealings between business firms from the United States and the online gambling industry in the future.

OCA News Editor

With a background in game development spanning 8 years, Sam Peterson is OCA’s leading authority in the world of online gaming. His focuses include new releases and gaming providers.