It seems to me that their reputation has already taken a bump. They should never have even tried to avoid paying people based on "you should have requested your funds in time". Shame.
Originally Posted by tartantipster
It's kind of a lose-lose situation for any sportsbook when it ceases operations permanently. I believe there's not a single reported not paying complaint among players who have requested funds in time, and that's a bold record if you ask me. You have to take into account the massive hoardes of bettors requesting withdrawals in a quite short period of time and the financial implications of processing transfers after shutting down, which is never easy.
Originally Posted by dark_knight
Anyway, VIP sportsbook management has said that they will try to make ends meet in order to pay balance holders, so let's wait and see.
MyBet sportsbook dispute
08.22.2011 06:16 PM (source: SBR Newswires)
A MyBet sportsbook (SBR rating D+) player tells SBR that he made a payout request for €6200 on August 16th, 2011 through Moneybookers. The player reports that he was told that there were technical issues within the payouts department that prevented MyBet from willing his withdrawal. The player was told that he would receive his funds by Monday, August 22nd but has not yet been credited.
While only waiting for four business days, the player has grown apprehensive over the state of the D+ rated Mybet, a Malta based operation that has confiscated winnings in the past after alleging account theft. SBR urges bettors to use extreme caution when choosing to deposit with lowly rated sportsbooks with troubled histories. SBR is following up on this player's sportsbook complaint.
Online agencies offer free bets to lure back gamblers
2011.13.08 (source: theage.com.au)
By Richard Willingham
ONLINE betting agencies are offering free bets to account holders that have not made a wager in several months in an attempt to lure them back into business.
Many online gambling agencies offer free bets such as two bets for the price of one, bonus bets and betting vouchers. At least two, Sportsbet and Luxbet, contact account holders who have not bet for some time with free bet offers.
On Centrebet's website yesterday prospective members were offered a $200 bonus bet when they signed up, at Sportsbet new clients' first bet would be matched with a free bet of the same value and Luxbet, owned by Tabcorp, was offering $100 bonus bets for those depositing for the first time.
A former employee of Sportsbet told The Saturday Age that the company contacted clients who had not bet for several months.
''People were given a courtesy email saying 'we notice you haven't betted in a while on behalf of Sportsbet here is a, whatever, free bet', there was usually a stipulation [such as two bets for the price of one], the idea was to get them back in the loop,'' he said.
He said Sportsbet had a system of grading its clients with categories including VIP and Smarties. VIP clients lose often and spend big. Staff who took bets from clients were told to take bets from VIPs, but had to be wary of smarties because they had a high win ratio.
Sportsbet spokesman Haydn Lane said it periodically contacted inactive members from its database with offers, which was a common business practice.
''Sportsbet operates under a Responsible Gambling Code of Conduct. Under this code Sportsbet does not market to problem gamblers. Indeed all members have the option to exclude themselves from marketing communication,'' Mr Lane said.
A Luxbet spokesman said it did get in touch with lapsed customers but any offers had to comply with state regulations. ''Following up lapsed customers who no longer transact with you is something most businesses would do - whether in wagering or not,'' he said.
Centrebet and Betfair both said they do not contact individual lapsed account holders offering free bets.
Liberal backbencher Alan Tudge, who is championing changes to online gambling after a constituent almost lost his house to pay an $80,000 debt to Sportsbet, said it was further proof of the need for reform.
''This is the equivalent of sending whisky to recovering alcoholics. I dislike governments being heavy-handed, but these online gambling companies show no capacity for self-regulation,'' Mr Tudge said.
Independent senator Nick Xenophon yesterday wrote to the NT Licensing Commission calling on it to investigate commissions paid by online betting agencies registered in the territory as well as free bet offers. ''In this case VIP stands for very impoverished punter,'' Senator Xenophon said.
Market Report: Investors take a flutter on Bwin.party bid talk
2011.16.08 (source: The Independent)
By Toby Green
Takeover talk was on the cards for Bwin.party yesterday, as investors mulled over whether to take a gamble on the online gaming group after rumours emerged it could be in line for an approach from the US.
The company has existed in its current form only since March, when the merger between PartyGaming and Austria's Bwin was completed. Since then, however, a steady slide – exacerbated by the sharp falls seen across the markets in the past few weeks – has resulted in its share price plummeting by 45 per cent.
The move has prompted chatter that the world's biggest listed online gambling group may become a target, and yesterday vague speculation suggested the casinos group Wynn Resorts, whose chief executive is the Las Vegas billionare Steve Wynn, could be a potential aggressor.
With the gossip claiming a possible bid could reach as high as 170p a share, Bwin.party managed to touch 107.8p during trading before closing at 105.7p, a rise over the session of 1.7p.
Not everyone agreed with the chatter, however, with one trader saying acquisitions in the sector were unlikely until there was further clarification over the potential regulation of online gambling in the US.
The recent rumours came after mutterings last week suggested potential aggressors for Bwin.party could come from closer to home, with William Hill – up 1.9p to 224p – one of the names linked.
Bet365 freezes out certain Aussies
We’re in the process of applying for a Sports betting licence in Australia. As part of our preparations for this, we regret to inform you that our Casino, Poker, Games and Bingo sites will no longer be available from week commencing 22nd August.
Any funds currently in your Casino, Poker, Games and Bingo balances will be transferred to your Sports balance. Our Sports site will continue to work as normal.
Please accept our apologies for any inconvenience this may cause.
The bet365 Team
Australia to review online gambling industry
2011.22.08 (source: CalvinAyre.com)
By Jamie Hinks
Australian politicians have a curious relationship with the country’s gambling industry. It’s not so much a love-hate one – it’s usually just hate-hate. The latest news will see the country’s Interactive Gambling Act come under review as they look to bring a halt to the live odds that they believe are plaguing the country’s young. The Department of Broadband, Communications and the Digital Economy (DBCDE) will undertake the review of the Act, which was adopted in 2001. It aims to look at a number of different factors related to the country’s online gaming industry. Primarily it will “examine the growth of online gambling and the impact of smart phones and the convergence of new and existing technologies.”
The review will also revise the adequacy of current technical, operational and enforcement provisions relating to advertising of gambling industry services. Technology and platform neutrality in relation to “betting on the run” and micro-betting will be looked at as well.
As ever someone has to stick their oar in when it comes to the gambling industry in Oz – this time is no different. Former Victorian Premier, Jeff Kennett, commented, “These betting shops, which allow you to wager on every conceivable competition, have no boundaries. They use events conducted anywhere in the world, and can be accessed by phone or the Internet from anywhere in the world.
“What I strongly object to is the massive, in-your-face promotion of the betting odds available everywhere: At AFL football matches, on TV, during games and football shows, as well as on radio and in the press.”
In terms of betting shops it seems like every time one of these Aussie politicians comes out with an opinion we have to point out to them the comments made by Dr Patrick Basham. Here we go again. Basham found that retirees that “remain active in the community and constantly engage in social activity, often, largely or exclusively through gambling, live happier and healthier lives.”
That’s the same community spirit and social activity that he’s suggesting stifling. Nothing like a boring population eh!
Cormac Berry, Sportsbet chief executive, already pointed out earlier this year that online gambling industry companies actually offer a safer service than many land-based outlets. The review is expected to be completed either later this year or early next and will give companies operating in the country more of an idea as to whether the gambling industry is still considered to be in cahoots with Darth Vader.
VIP Sportsbook players owed $29,063
08.23.2011 06:46 PM (source: SBR Newswires)
Twenty-five VIP Sportsbook (SBR rating B-) players report being owed $29,063. The players did not request payment of their account balances prior to the August 1st, 2011 deadline imposed by VIP. On July 15th, SBR reported that the VIP Sportsbook group announced that it would be closing. While VIP management initially told SBR that players were given ample notice to initiate payout requests, several players have reported that they were not given any heads up.
On August 15th, SBR reported that Gtbets.com (SBR rating C) surfaced targeting VIP Sportsbook Group players. GTbets.com shares the VIP Sportsbook server, customer service numbers and website skin. In addition, players forwarded marketing mailers which contained their VIP username and passwords. VIP Sportsbook operations manager "Jay" told SBR on August 16th that VIP, Nine.com and BetGameday have nothing to do with GTBets. The manager confirmed that former employees are now working on the site.
SBR will update this report.
Betmotion sportsbook payout complaint
08.24.2011 07:08 PM (source: SBR Newswires)
A Betmotion sportsbook (unrated) player has filed a payment complaint. On July 20th, 2011, the player requested a withdrawal of €292. The payment request was to be filled through Moneybookers — one of the most popular withdrawal methods for online sportsbook players — but as the player details, no payment has been made to him. The player has grown increasingly anxious over the state of his withdrawal request as he has read other Betmotion news reported by SBR.
On July 28th 2011, a BetMotion player claimed that his account was unfairly shutdown. The player reported having a €1,741.97 balance and that his requests for support went unanswered. The complaint remains outstanding.
Sportsalive has gone into administration, no word at present as to when or if players will receive any of their balances back:
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