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Online Gambling Payment Providers Flourish


June 24 - Moneyboookers, a United Kingdom based online gambling payment provider has reported that it expects to achieve 1 million player accounts by July this year. The company has seen significant growth off the back of the need for alternate payment mechanisms in the online gambling sector. Moneybookers is owned by the same group as Gamebookers, an online sports book operator. Moneybookers has been in business for just under four years.

The report is in line with the success seen by its competitors, FireOne and NETeller, both whom have recently listed in London..

NETeller, based in the Isle of Man, is continuing its unprecedented growth and currently has over 1.5 million members. Neteller reported quarter 1 profits of over US$18 million.

Neteller has been a success story on the London Stock Exchange's AIM (Alternative Investment Market) this year and has doubled its value since listing.

FireOne, a Canadian company  that owns the Firepay electronic wallet  service, has seen enormous growth since listing at the start of June this year and has traded as high as 320p after listing at 241p.


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