Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Sale is Finalizing

The Neteller online casinos payment processing company just announced that the company has renegotiated the closing date for the sale of the company’s property in Calgary, Canada. Neteller was previously a part of the U.S.’s battle against internet gambling activities in the country and was forced to pay enormous sums in fines to the U.S. government as well as to payout all existing account balances to U.S. players. The run-in with the U.S. government cost the company more than a hundred million in the process, in addition to forcing the company out of the U.S. online casinos gambling industry and in search of more secure and open internet gambling markets in other parts of the world.

As a result of exiting from the U.S. online casinos gambling market Neteller was forced to downsize the company’s operations and shift headquarters out of Canada. Although some of the company’s Canadian properties sold last year, the Calgary property’s sale will not be finalized until the end of June. According to the new details the online casinos payment processing company released, the Leben Investment Corporation (the company buying the property) has paid a nonrefundable deposit of CAD $1.3 million for the property, and will continue to pay parts of the total cost of the property until the end of June, when the sale is finalized.

Leben’s total purchase price for the property totals CAD $33.5 million, and the small payments over the coming two months will be deducted from the total due when final payments are received. The sale of the property was a good move for the online casinos payment processing company considering there is no indication that Neteller will enter the U.S. or nearby gambling markets in the near future and was currently leasing the space.