Neteller Jobs Lost Due to Poker Woes
Neteller once seemed to be the staunch bulwark against the changes in online poker that were coming out of the US, but after the first few cracks appeared in that bulwark when its founders were arrested, the dam seems about to burst. First, some $50 million in assets were seized, then Neteller announced it would no longer support money transfers from US customers to online poker rooms, and now they are laying off jobs. Friday’s announcement was that 250 jobs are on the chopping block, and total employees in the eWallet firm after the cuts will be around 425.
Related Articles:
Online poker eWallet Neteller faces troubled times
US seizes poker funds from Neteller…
Related Poker News:
- Neteller lays off almost 40 percent of it’s workforce
- Neteller sheds 250 jobs
- 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?
- US Seizes Poker Funds from Neteller
- NETeller case extended to April 16
- Alternatives to Neteller for Online Poker Withdrawals and Deposits
- Neteller Apologizes to Poker Players via Video
- US players can’t use NETeller anymore to fund poker accounts
- Poker Players Getting Money Back from Neteller
- No evidence of crisis planning in aftermath of Neteller pull-out
Poker lexicon:
- BUTTON CHARGE - A periodic fee paid by whoever is the button, perhaps every 20 minutes or 30 minutes. Constitutes part or all of the HOUSE CUT.
- TAPPED [OUT] - Out of money. Can refer to a player running out of money in the course of a hand, thus still active for the main pot; or can refer to a player who has lost his bankroll and can no longer play.
- SPLIT [OPENERS] - In draw poker, to discard one or more openers, usually to draw to a straight or flush. Normally requires the opener to declare the act and retain the discards so that the act of opening can later be validated.
- COLD CALL - Calling both a bet and raise at the same time, as opposed to calling a bet then later calling a raise made after the call.
- RIVER - The last card dealt in a hand of stud or Hold'em.
- OFFSUIT - Not of the same suit. "I held A-Q offsuit" or "The flop was 10-6-2 offsuit". When speaking of 5 or more cards, not all/ of the same suit, i.e., no flush, as in "button had A-K-10-8-7 offsuit."
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