Some People Wanted "PROOF".........
So After My Original Post Got Moved.......I Posted Again w/ PROOF!
Take Care--MR. NW
So After My Original Post Got Moved.......I Posted Again w/ PROOF!
Take Care--MR. NW
Close Your Account Now!!!!
If you have a zero balance and if you are in the USA go ahead and make the call
Close your neteller acct......this will look good to the "gambling police" should they decide to review names and such someday down the road....even though its not illegal to place bets....they could see ALL the history of your transactions.....if you close it.....at least you could say "hey when I heard it was illegal for US residents to send money from US banks to neteller I closed my acct"......follow that by....."I never used neteller for gambling anyway.....I just used it to pay for items off ebay"......hope you guys are catching my drift......why have YOUR name and information with neteller after all this......think about it......sorta like betjm wanting a photocopy of my ID and DL# for a $50 withdraw....I dont think so.....the next website I will contact to close my acct will be solidpay
Funny....When I called in....The rep asked "any reason why you are closing this acct?"
I replied "dont need it anymore"
lol
If you have a zero balance and if you are in the USA go ahead and make the call
Close your neteller acct......this will look good to the "gambling police" should they decide to review names and such someday down the road....even though its not illegal to place bets....they could see ALL the history of your transactions.....if you close it.....at least you could say "hey when I heard it was illegal for US residents to send money from US banks to neteller I closed my acct"......follow that by....."I never used neteller for gambling anyway.....I just used it to pay for items off ebay"......hope you guys are catching my drift......why have YOUR name and information with neteller after all this......think about it......sorta like betjm wanting a photocopy of my ID and DL# for a $50 withdraw....I dont think so.....the next website I will contact to close my acct will be solidpay
Funny....When I called in....The rep asked "any reason why you are closing this acct?"
I replied "dont need it anymore"
lol
Free money for non-US Neteller users
not my auctions- just came across these and thought I'd pass it on.
http://cgi.ebay.com/2500-of-Neteller-cash-to-NON-US-member-for-2125_W0QQitemZ170075409775QQihZ007QQcategoryZ88433QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
http://cgi.ebay.com/50-Dollars-Neteller-Cash-for-only-40-Dollars_W0QQitemZ160079331272QQihZ006QQcategoryZ1468QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Funny thing about this whole thing is the price you'll pay for items on eBay that you can use Neteller for are all higher than normal auctions right now...
not my auctions- just came across these and thought I'd pass it on.
http://cgi.ebay.com/2500-of-Neteller-cash-to-NON-US-member-for-2125_W0QQitemZ170075409775QQihZ007QQcategoryZ88433QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
http://cgi.ebay.com/50-Dollars-Neteller-Cash-for-only-40-Dollars_W0QQitemZ160079331272QQihZ006QQcategoryZ1468QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Funny thing about this whole thing is the price you'll pay for items on eBay that you can use Neteller for are all higher than normal auctions right now...
One Month Ago: Motley Fool Recommended Neteller Stock
All along I was thinking that NT was privately owned. That it is public will make many things a lot more transparent. The below is from the Motley Fool site, of Dec 18, 2006. - sd2
Jeff Hwang's Favorite Gaming Stocks
By Joey Khattab
December 18, 2006
Motley Fool gaming analyst Jeff Hwang knows casinos inside and out (he also plays a mean game of hold'em). I interviewed Jeff to get his thoughts on the past year and learn about his favorite gaming stocks for 2007.
Joey Khattab: There have been many surprises this year in gaming, including a bidding war for Aztar, Congress' legislation to curtail online gambling, and a private equity offer for Harrah's (NYSE: HET). Jeff, what's been the biggest surprise for you?
Jeff Hwang: Clearly, the proposed buyout of Harrah's would be the biggest surprise, as that one came out of left field. As far as Aztar, it was a given that there would be several players -- namely Ameristar Casinos (Nasdaq: ASCA) and Pinnacle Entertainment (NYSE: PNK) -- interested in entering the Las Vegas Strip, and Aztar with its Tropicana property was a natural target. And as strange and ineffective as I think Congress' legislation regarding online gaming will be, at least we had warning that it was coming.
JK: Casino stocks saw some weakness in the summer but have since rebounded. What was the cause of this weakness?
JH: In a word, shortsightedness. High gas prices and a run of earnings misses probably contributed as well.
JK: If you had to pick one casino stock that's a good investment for 2007, what would it be?
JH: None. As we noted as second-quarter earnings were being released, casino stocks in general became dirt cheap. Since then, casino stocks as a group have been on a tear, fueled in a large part by the takeover bids for Harrah's and Station Casinos (Nasdaq: STN). Ameristar Casinos (Nasdaq: ASCA), for another, has nearly doubled off its lows. I would say that casino stocks as a group are pushing fair value. Value investors don't pay 100 cents for a dollar when we can buy one for 60.
Which isn't to say there aren't other opportunities in gaming out there. In fact, there are a couple of international plays that I've picked up within the past month that I'm quite excited about.
The first is U.K.-based e-wallet company Neteller (LSE: NLR.L), which got hammered along with the other online gaming stocks when Congress passed the Unlawful Internet Gambling Enforcement Act in October, and is now dirt cheap. The company counts, I think, 80% of online gaming sites as its merchants and reminds me a lot of a company I bought a chunk of shares in almost five years ago called PayPal, which got acquired by eBay (Nasdaq: EBAY) not long after going public.
But right now, Neteller carries about a $350 million market cap. However, the company has $199 million in cash on its balance sheet and pulled in $80 million through three quarters this year. The company has the current quarter and the next two quarters until Congress will have enforcement rules in place, and I expect that these three quarters will be the best in the company's history. After that, consider that 33% of new customers in the third quarter came from outside of the United States, and 23% of the company's 619,550 active users in the third quarter came from outside of the U.S.
The point is this: Assuming even just zero-to-marginal growth and keeping G&A costs constant at about $40 million annually, we can subtract 77% of Neteller's $250 million-plus in annual revenue and reduce gross margins to 70% (from 71.8% for the first three quarters), and the company would still be operating at breakeven or better. Never mind that revenues climbed 48% in the third quarter and 9% sequentially. Neteller simply has a phenomenal business, and online gaming firms are counting on Neteller's ability to penetrate the Asian markets as the key to driving industry growth in that part of the world.
The company stands to lose a significant chunk of its business, but the stock price at this price is offering a nice head start.
The other play is a Japanese company that I can't really talk about at the moment, because my colleague Nate Parmelee -- who had spent some time working in Japan -- just made it the Wild Card for the January issue of Motley Fool Global Gains, our international newsletter. It's kind of a funny story, really. I was just in Japan in early November when I stumbled upon the company at what I think just happens to be an extremely good time to buy the stock, and I found out that Nate happened to be looking pretty hard at the company for the newsletter. Anyway, I had read through six years of annual reports, and I bought the stock within a week. We'll probably talk about it at some point, but for now you'll just have to get a free trial of Global Gains to read about it.
JK: 2007 looks like a big year for slot makers IGT (NYSE: IGT) and WMS (NYSE: WMS) as they replace older machines with new technologies. What's your outlook for the slot makers?
JH: The story for 2007 is really that the domestic slot market will see some expansion with the slot parlors and racinos in Pennsylvania coming online, along with the introduction of slot machines at the four pari-mutuels in Broward County, Florida -- two of which are already open. It's also possible that the Seminoles in Florida will replace their Class II machines to Class III machines this year, as technically the Seminoles should be entitled to Class III machines if it's legal elsewhere in Florida. We may also see server-based gaming come online later this year. I think both IGT and WMS are in great shape for the long haul, and I'm comfortable holding both of them. I wouldn't buy either of them at current prices, however.
For more gaming coverage:
Fool contributor Jeff Hwang owns shares of Ameristar Casinos, eBay, Neteller, International Game Technology, and WMS Industries. Gaming editor Joey Khattab does not own any of the shares mentioned.
<!-- /entry-content -->
All along I was thinking that NT was privately owned. That it is public will make many things a lot more transparent. The below is from the Motley Fool site, of Dec 18, 2006. - sd2
Jeff Hwang's Favorite Gaming Stocks
By Joey Khattab
December 18, 2006
Motley Fool gaming analyst Jeff Hwang knows casinos inside and out (he also plays a mean game of hold'em). I interviewed Jeff to get his thoughts on the past year and learn about his favorite gaming stocks for 2007.
Joey Khattab: There have been many surprises this year in gaming, including a bidding war for Aztar, Congress' legislation to curtail online gambling, and a private equity offer for Harrah's (NYSE: HET). Jeff, what's been the biggest surprise for you?
Jeff Hwang: Clearly, the proposed buyout of Harrah's would be the biggest surprise, as that one came out of left field. As far as Aztar, it was a given that there would be several players -- namely Ameristar Casinos (Nasdaq: ASCA) and Pinnacle Entertainment (NYSE: PNK) -- interested in entering the Las Vegas Strip, and Aztar with its Tropicana property was a natural target. And as strange and ineffective as I think Congress' legislation regarding online gaming will be, at least we had warning that it was coming.
JK: Casino stocks saw some weakness in the summer but have since rebounded. What was the cause of this weakness?
JH: In a word, shortsightedness. High gas prices and a run of earnings misses probably contributed as well.
JK: If you had to pick one casino stock that's a good investment for 2007, what would it be?
JH: None. As we noted as second-quarter earnings were being released, casino stocks in general became dirt cheap. Since then, casino stocks as a group have been on a tear, fueled in a large part by the takeover bids for Harrah's and Station Casinos (Nasdaq: STN). Ameristar Casinos (Nasdaq: ASCA), for another, has nearly doubled off its lows. I would say that casino stocks as a group are pushing fair value. Value investors don't pay 100 cents for a dollar when we can buy one for 60.
Which isn't to say there aren't other opportunities in gaming out there. In fact, there are a couple of international plays that I've picked up within the past month that I'm quite excited about.
The first is U.K.-based e-wallet company Neteller (LSE: NLR.L), which got hammered along with the other online gaming stocks when Congress passed the Unlawful Internet Gambling Enforcement Act in October, and is now dirt cheap. The company counts, I think, 80% of online gaming sites as its merchants and reminds me a lot of a company I bought a chunk of shares in almost five years ago called PayPal, which got acquired by eBay (Nasdaq: EBAY) not long after going public.
But right now, Neteller carries about a $350 million market cap. However, the company has $199 million in cash on its balance sheet and pulled in $80 million through three quarters this year. The company has the current quarter and the next two quarters until Congress will have enforcement rules in place, and I expect that these three quarters will be the best in the company's history. After that, consider that 33% of new customers in the third quarter came from outside of the United States, and 23% of the company's 619,550 active users in the third quarter came from outside of the U.S.
The point is this: Assuming even just zero-to-marginal growth and keeping G&A costs constant at about $40 million annually, we can subtract 77% of Neteller's $250 million-plus in annual revenue and reduce gross margins to 70% (from 71.8% for the first three quarters), and the company would still be operating at breakeven or better. Never mind that revenues climbed 48% in the third quarter and 9% sequentially. Neteller simply has a phenomenal business, and online gaming firms are counting on Neteller's ability to penetrate the Asian markets as the key to driving industry growth in that part of the world.
The company stands to lose a significant chunk of its business, but the stock price at this price is offering a nice head start.
The other play is a Japanese company that I can't really talk about at the moment, because my colleague Nate Parmelee -- who had spent some time working in Japan -- just made it the Wild Card for the January issue of Motley Fool Global Gains, our international newsletter. It's kind of a funny story, really. I was just in Japan in early November when I stumbled upon the company at what I think just happens to be an extremely good time to buy the stock, and I found out that Nate happened to be looking pretty hard at the company for the newsletter. Anyway, I had read through six years of annual reports, and I bought the stock within a week. We'll probably talk about it at some point, but for now you'll just have to get a free trial of Global Gains to read about it.
JK: 2007 looks like a big year for slot makers IGT (NYSE: IGT) and WMS (NYSE: WMS) as they replace older machines with new technologies. What's your outlook for the slot makers?
JH: The story for 2007 is really that the domestic slot market will see some expansion with the slot parlors and racinos in Pennsylvania coming online, along with the introduction of slot machines at the four pari-mutuels in Broward County, Florida -- two of which are already open. It's also possible that the Seminoles in Florida will replace their Class II machines to Class III machines this year, as technically the Seminoles should be entitled to Class III machines if it's legal elsewhere in Florida. We may also see server-based gaming come online later this year. I think both IGT and WMS are in great shape for the long haul, and I'm comfortable holding both of them. I wouldn't buy either of them at current prices, however.
For more gaming coverage:
- Did Congress Kill Online Poker?
- Is the Gambling Industry Cyclical?
- Seminoles' Hard-Rocking Purchase
- From the Florida Gaming Summit
Fool contributor Jeff Hwang owns shares of Ameristar Casinos, eBay, Neteller, International Game Technology, and WMS Industries. Gaming editor Joey Khattab does not own any of the shares mentioned.
<!-- /entry-content -->
If Neteller allows peer to peer transfers, why doesnt....
If neteller allows peer to peer transfers, and people in other countries can get their money out still, isnt the simple solution to all of this for sportsbooks to take peer to peer transfers?
You would transfer your funds to Bill Smith (manager of WSEX) and he would put your funds in your wsex account.
What is the problem with this other than the books being told to set up some neteller accounts for employees of theirs?
:ughhh:
If neteller allows peer to peer transfers, and people in other countries can get their money out still, isnt the simple solution to all of this for sportsbooks to take peer to peer transfers?
You would transfer your funds to Bill Smith (manager of WSEX) and he would put your funds in your wsex account.
What is the problem with this other than the books being told to set up some neteller accounts for employees of theirs?
:ughhh:
Neteller Board of Directors meeting
Photo taken from this morning's Neteller board meeting.
http://www.user.dccnet.com/s.brown/images/Isle-of-Man-photo-page.htm
Photo taken from this morning's Neteller board meeting.
http://www.user.dccnet.com/s.brown/images/Isle-of-Man-photo-page.htm
Neteller Discussion (and poll for week of 1/29)
I would like to start this thread and poll to see if users sentimate has changed since last week. I know mine has. After the deadline being delayed twice and ATM not an option. I'm starting to feel I maybe screwed. Let's face it you get 1001 answers when ever you call Netellers CS. They cannot even keep their story straight. Thats a very bad sign.
I would like to start this thread and poll to see if users sentimate has changed since last week. I know mine has. After the deadline being delayed twice and ATM not an option. I'm starting to feel I maybe screwed. Let's face it you get 1001 answers when ever you call Netellers CS. They cannot even keep their story straight. Thats a very bad sign.
I requested a withdrawal from neteller on January 15th at 11 pm. That was 2 days before everything went down. My question is should I keep my Eft pending withdrawal or should I cancel it and get the money back in neteller? Thanks.
curt
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01-30-2007, 02:24 PM #1084 curt vbmenu_register("postmenu_3754064", true);
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Join Date: Sep 2004
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I have 3334 in the account and I am trying to decide what is the best thing to do considering that I put in my withdrawal late in the day on the 15th. Thanks so much.
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Find More Posts by curt
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RX Member
Join Date: Sep 2004
Posts: 656
I have 3334 in the account and I am trying to decide what is the best thing to do considering that I put in my withdrawal late in the day on the 15th. Thanks so much.
