Finally, there is some good news to report on the saga of Neteller, who announced early today they have successfully come to a signed agreement with the U.S. Attorney's Office (USAO) of the Southern District of New York to begin transferring online gambling funds back to U.S. account holders. The global ePayment processor says they hope (with strong emphasis on the word hope) to complete the entire funds transfer process within seventy-five days.

With mediation and consultation from Navigant Consulting, who will soon be preparing a report detailing Neteller's financial status, the agreement is a milestone of sorts considering the apparent still mate between Neteller and the USAO. Neteller Chief Executive Ron Martin, however, has assured all those who have been following the case that negotiations and progress have been steady, despite what may otherwise appear from the outside. Martin reiterated that the deal with the USAO is a milestone in the long negotiation process.

In similar news, UK based online sportsbook, casino, poker room, and games site, SportingBet, has reported they too have come to an amicable resolution with a Louisiana District Attorney. As of yesterday, all police-issued warrants have been cancelled and the case is closed. This helps to explain the recent large-scale purchase of Sportingbet shares by the United Kingdom's largest insurance provider - the Prudential Group.

At this time, nothing is known about the fate of Neteller's former directors and founders, Stephen Lawrence and John Lefebvre, who are still awaiting a court hearing that has been delayed three times. The two men, who are currently in New York on bail, are facing several charges, including conspiracy to transfer funds with the intent of promoting illegal online casino gambling in the U.S. The USAO has extended their hearing deadline until April 16.