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  1. #1

    Unhappy BYE, BYE Citadel

    Looks like another out for us has exit stage left


    citcom\**\{primapin Shuts Down Financial Processing for Non-domestic Internet Gaming Merchants for USA Consumers

    VANCOUVER, Jan. 17 /CNW/ - ESI Entertainment Systems Inc. ("ESI") (TSX:
    ESY), a leading provider of products and services to international
    organizations and the gaming industry, today announces that effective
    immediately it's subsidiary citcom\**\{primapin Corp. will no longer offer
    financial processing to non-domestic Internet Gaming merchants for USA
    consumers.
    The Company was looking forward to complying with the new Regulations for
    financial processors under the Unlawful Internet Gambling Enforcement Act of
    2006 passed on October 13, 2006 but this decision was made by the ESI Board of
    Directors in the light of recent US Department of Justice enforcement actions
    against financial processors executives.
    This decision will have a material impact on the financial condition of
    the Company as a substantial part of its revenues was derived from
    non-domestic Internet Gaming merchants for USA consumers.

    About ESI Entertainment Systems Inc.

    ESI Entertainment Systems Inc. ("ESI") (TSX: ESY) provides products and
    services to the international gaming industry through its three principal
    subsidiaries, citcom\**\{primapin Corp., ESI Integrity Inc. and PlayLine Inc.
    ESI's products and services, which primarily consist of payment processing,
    transaction monitoring and turnkey gaming platforms, are deployed in the
    on-line and land based gaming markets.
    http://www.newswire.ca/en/releases/a.../17/c6774.html

    SBR Founder Join Date: 8/10/2005


  2. #2

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    theres NEXUS and another still so hopefully they stay so i can continue doing echecks with them

    SBR Founder Join Date: 9/20/2005


  3. #3

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    Holy Shit !!!

    Not good
    Not good
    not freakin good !

    SBR Founder Join Date: 9/22/2005


  4. #4

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    you have to be kidding.....geez.

    SBR Founder Join Date: 8/10/2005


  5. #5

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    Two things to note about how Citadel dropped their American gaming customers, not sure if this will serve as a precedent for how Neteller will do so:

    1. No advance warning was given. All transactions between Americans and gaming sites were halted effective immediately with the announcement, not “as of such-and-such date” or “as of the end of the month.”

    2. There are no restrictions on transactions between American accounts and banks. Any money you have with Citadel you have access to and can withdraw. For that matter there are no restrictions on your transacting with other members and with non-gaming merchants.

    SBR Founder Join Date: 12/10/2005


  6. #6

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    Good thing I got that withdraw request in on early Tuesday through them on my Pinnacle balance. The amount was in my bank early this morning. Just in the nick of time.

    SBR Founder Join Date: 8/10/2005


  7. #7

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    I found belated news yesterday that ******* had moved on awhile back so I thought I would have withdrawal issues but today the book just wired the money to my Chase account which I thought was easy. I was worried about getting my money with all the issues in the gambling industry but money came with ease. I guess the old wire transfer is still working for now

  8. #8

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    Is ********** next?

    SBR Founder Join Date: 9/4/2005


  9. #9

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    MAB,

    YES it is as many books have already dropped the ********** option. One that I DO think is safe is ATMOnline, which works fine at Greek and Cris to name a few.

  10. #10

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    Looks like Neteller did indeed follow both of Citadel’s precedents.

    SBR Founder Join Date: 12/10/2005


  11. #11

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    ATM Online is fantastic. Great option to do deposits. Unlike all the others, they are up and running. www.myatmonline.com

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