Online Poker eWallet Neteller Faces Troubled Times
While Stephen Lawrence, 46, and John Lefebvre, 55, are not officially employees of online financial transaction company Neteller, US officials deemed them connected enough to be arrested when the founders were on US soil this passed Monday. The two Canadian men were arrested and charged with laundering illegal gambling funds in the billions through their company, a reflection of the times after the passing of the Unlawful Internet Gambling Enforcement Act. In reaction to the arrest Neteller suspended trading of its stock on the London Stock Exchange, and no longer allows US players to use its services to send money to online poker rooms.
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Related Poker News:
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- US Seizes Poker Funds from Neteller
- US DOJ Wages Poker War on UK Banks
- American Gaming Association Casts Doubt over Online Poker Exemption
- eWallet updates for US players
- Alternatives to Neteller for Online Poker Withdrawals and Deposits
- Angry Neteller customers join forces in Neteller Customer Coalition
- Neteller case rescheduled for May 16, 2007
- Neteller Founders Detained: New UIGEA Precedent or Old School?
- Neteller Apologizes to Poker Players via Video
- NETeller case extended to April 16
- US players can’t use NETeller anymore to fund poker accounts
Poker slang:
- TURN - The fourth community card in Hold'em.
- STUCK - Down a nontrivial amount of money, as in "he's stuck $800".
- BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
- MILES OF BAD ROAD - Three of a kind. Prefixed with a number, 3*<N>, to indicate 3 <N>s. Thus "24 miles of bad road" is 3 eights, etc. (This obviously doesn't work for face cards.)
- FILL - To draw a card that makes a five-card hand (straight, flush, full house, straight flush).
- RERAISE - To raise after an opponent has raised.
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