Banks Reject Gambling Transactions

Recently some credit card banks based in the United States have started rejecting credit card transactions at some online casinos. According to a notice published by Club Monte Carlo Casino, players have had problems purchasing casino chips using credit cards issued by the following banks: Bank of America, Providian Bank, Capital One Bank, and Wachovia Bank.

The memo indicates that the following banks have not been a problem to date: Citibank, First USA Bank, Wells Fargo Bank, and Associates National Bank.

Not all online casinos are experiencing this problem. Wire transfers are unaffected.

Starnet Cuts 30 Employees

Starnet Communications International Inc. (OTC-BB: SNMM), a leading provider of Internet gambling software, has announced a workforce reduction of approximately 30 employees at its Vancouver, B.C. based Inphinity Interactive subsidiary. The move was made to reduce expenditure levels and increase operating efficiencies.

Starnet said the reductions “are part of Starnet’s focus on aggressively pursuing opportunities to improve cash flow from operations without jeopardizing future revenue growth.” The total salary and benefits associated with the departed employees is in the range of $1 to 1.2 Million dollars (US).

As part of the reductions, Jason King, previously Inphinity’s Chief Executive Officer, klik disini has left the company. The reductions are effective immediately and are primarily in the managerial, administrative and support areas. Inphinity’s core development team remains intact.

“We have taken these measures in order to make Starnet and its subsidiaries a leaner, more client-focussed business group,” said Interim President and Chief Executive Officer Fred Hazell. “We are transforming our corporate culture from a software development focus to one devoted to business development and an improved bottom line.”

Starnet anticipates taking further measures to reduce overall company-wide expenditures in the weeks ahead.

Gaming Internet PLC said it has entered an agreement with Harrods Online Ltd. to operate a new online casino under the Paris Ritz brand name at www.parisritzcasino.com.

In November, Gaming Internet agreed with Harrods Online to operate a gaming site under the Harrods brand name at www.harrods-casino.com. Winneronline recently published a review of Harrods Casino Online.

Gaming Internet subsidiary Fortuna Universal Juegos Globales SA will pay Harrods Online £900,000 in shares to operate the casino for three years. It will pay an additional £300,000 in shares on the fourth and the fifth anniversary of completion of the agreement.

Gaming Internet also operates SportsMad.com and ZapCasino.com.