NETeller News Not Good

Fledgling online gambling payment processor, NETeller, continues to downsize, if that is what you want to call it.

- Brenda Woodward from Payroll was let go today.
- Carey Hubrick Call Center Manager let go today.
- Karen Price who was in the DABI Group was let go today.  The poor gal moved her family from Vancouver to Calgary only to be out a job now. 
- There are now 6 DOJ lawyers at the NETeller Building going through every nook & cranny of papers.

Our NETeller insider can't help but question why 4 months later these guys are still around.. "May have to do with the money," he tells us.

The money finally being released to US customers, is what he surmises.  But who really knows what is going on here?

- Several parts of the building are being rented out to other firms... The
Downsizing continues..

"Wonder how Ron Martin is enjoying that 800K US Bonus cheque he gave himself back when times were tough." - a parting thought from our source.

NETeller was still slated to speak at this week's CAC in Amsterdam last we looked. 

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Christopher Costigan, Gambling911.com

Originally published April 30, 2007 8:53 pm ET