26-03-2007 NETeller exits the Canadian and Turkish markets
The online money transfer business said it reached the decision after that recent actions by regulators, payment processors and online gaming operators have increased the uncertainty around online gambling. In particular, the legislation passed in Turkey on February 28, banning unauthorized betting operators, caused Turkish banks to withdraw deposit options for Turkey-resident customers.
But while the Turkish business did not represent a material proportion of NETeller?s overall customer base, revenue or profitability, the loss of the Canadian business is likely to have a material negative impact on the company's full year results.<div style="font-size: xx-small;color: #0000ff;display: inline-block;text-align: center;width: 100%;">
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