betWWTS.com NEWS + UPDATES + DISCUSSION thread.

mvbski · Oct 13, 2006

sean1 said:
...

Now they just get a buyer or a spinoff and all is normal again.

Sean

Except those that were hit over the head with the way this was handled by them and withdraw every dime they have there and never go back and like BWE said "there will be a run on this book bigger than life".

What good name WWTS had was flushed down the toilet with the way they handled this.

BooksWorstEnemy · Oct 13, 2006

The money is gone. Never thought I'd say this, and especially not about WWTS, but I have officially been stiffed by a sportsbook. I think I will call the rest of my money home and that cocksucking republican congress wins.

I will use some of the money I pull out of the sportsbooks to go buy a gun...BEFORE they make it illegal to buy a gun. That is right around the corner, I have a feeling.

Free country, my ass.

Later,
Books Worst Enemy

HuskerFan1 · Oct 13, 2006

i think people are looking at the drastic scenario...i dont think thats the case just yet bc they are still taking bets from other countries...thats a good sign

what pisses me off is people are saying they are looking for a buyer...well if thats the case why the FU-K did they wait until the last fu-king second...then decide to scare everyone by locking their account...it wasnt like this day wasnt gonna come...they shoulda been looking for an escape out weeks ago...

now whoever might step up knows every american with a wooden nickle in this shop is gonna be withdrawing every CENT the second they are entitled...

stupid fu-king upper management...

this is off the message from wwts...

"The Board and Executive Management of Betcorp are committed to ensuring that all US customers will have access to their accounts restored as soon as possible."

BooksWorstEnemy · Oct 13, 2006

They stole the money, plain and simple. At least if a local tries a stunt like this, you can find the sonovabitch (eventually) and do something about it.

Later,
Books Worst Enemy

VegasWinner · Oct 13, 2006

Elvira W: Welcome to Live Chat Support, I am your Customer Service Representative, how may I assist you?
XXXXXX: Why can I not withdrawal? I understand the new law, but to not let me withdrawal? What is that about?
Elvira W: We are suspending all operation with the USA residents, The Board and Executives Managements of Betcorp are committed to ensuring that all US customers will have access to their accounts restored as soon as possible
Elvira W: we will have an update for you next week
XXXXXX: I am sorry that is not good for me...
XXXXXX: Why must I wait to take out funds?
Elvira W: it will not be possible for US resident to place wagers or make deposits on or make withdrawals from, any website owned or operated by any company in the Betcorp Group
XXXXXX: Ridiculous. Whether you return to operation or not, I am done with Betcorp. I understand not making wagers or deposits but not allowing withdrawals is criminal
Elvira W: we will be updating customer in reference to their account on Monday, sir we are sincerely sorry in regards to this and we do know how you feel we will have an update for you on Monday
XXXXXX: there is nothing to update, I will request my funds on Monday...
Elvira W: ok sir, I do understand how you feel
XXXXXX: no, you don't have a bank holding you hostage do you? You are holding me hostage from MY funds.
Elvira W: if there was a way we could send your funds we would have and we are searching for a method to have this resolve
XXXXXX: I will be on top of this like glue...you can count on that. BAd decision from your management. I have a feeling your company is going to take the money and run, when the law says you hav e 270 days to resolve this issue.
Elvira W: we know this sir and this is why we can go anywhere with customers funds
XXXXXX: Can you guarantee funds/ and a MOnday answer?
Elvira W: I can not guarantee your funds by Monday, however we will have an update for you by then
XXXXXX why in anyones rightful mind do business wit hyou after this? Major dissappointment with regards to withdrawals
Elvira W: i am sorry that you fell that way sir, but we do not want to make any rash decision that will risk the security of the customer and the company
XXXXXX I think not letting people withdraw is a rash decision. You are distancing youselves from customers...you have been around since the mid 90s and to pull this nonsense tells me I am going to get ZERO back...
Elvira W: we will not be telling you this sir, you will be getting back your funds, our Board will be meeting to discuss ways of which we will have this resolve
XXXXXX: If neteller is not an option, then I will take a check or wire transfer, without any fees...
Elvira W: can you please contact us by Monday and we will have an update for you
XXXXXX: you bet....oh, wait no I don't bet...you will hear from me Monday morning..if you are still in operation that is

VegasPlayer777 · Oct 13, 2006

This is the message I just received regarding my pending wagers this week-end:

"your pending wagers are valid and will remain in your account until this is resolve and you can make deposit, withdrawal and wager again, we will be having an update on Monday"

Guys, BetWWTS is holding a big chunk of my cash also. Let's be patient and give them a chance to do what they need to do. I really believe we will be ok on this one.

Ballpark · Oct 13, 2006

BetCorp have done this the wrong way, but I'm sure they are just trying to find a way around this fucking bill. I'm confident they will be back up and running in one form or another and with players funds intact.
But they should have let players withdraw their funds first if they chose to do so.

VegasWinner · Oct 13, 2006

I AM SO FREAKING PISSED. I DONT HAVE THE FUNDS I NEED TO FUND PINNY. DAMMIT WHY ME :Sad Face: WHO IN THEIR RIGHT MIND WOULD GO BACK TO WWTS. I AM EXPECTING NOTHING

VegasPlayer777 · Oct 13, 2006

Ballpark said:
BetCorp have done this the wrong way, but I'm sure they are just trying to find a way around this fucking bill. I'm confident they will be back up and running in one form or another and with players funds intact.
But they should have let players withdraw their funds first if they chose to do so.

I agree with this and have no doubt it will cost them significantly. All it would have taken was some planning and good public relations work.

However, please remember that large groups of us openly expressing our intention to pull our funds out reduces their incentive to make them available again.

Let cool heads prevail...

sean1 · Oct 13, 2006

You people are acting crazy.

This company can not steal your funds and remain a publicly traded company in London - they would be delisted.

Most likely they are doing two things:

1. Trying to sell the US portion.
2. Figuring out how to transfer the people in the US their money without breaking any laws that could get it delisted or make their execs criminals.

It was 6PM in London when Bush signed this law.

How about giving them till Monday to figure things out with their lawyers.

I mean seriously, if a law changed at 6PM here in the states on a Friday, Bank of America would not give you an answer at midnight - you'd find out on Monday.

Trying to talk reason into unreasonable people is like trying to reason with hurricane season.

Sean

Muddy · Oct 13, 2006

Nicole Griffith: until further notice, it will not be possible for US residents to place wagers or make deposits on, or make withdrawals from, any website owned or operated by any company in the Betcorp group. This account freeze will remain in place until such time as Betcorp has fully assessed its legal position.

ME: Well, thats not a smart answer to tell your customers.
ME: You should at least tell me when I am going to get my funds

Nicole Griffith: Unfortunately I will not be able to give you an answer as to when your funds will be available to you

mvbski · Oct 13, 2006

sean1 said:
You people are acting crazy.

This company can not steal your funds and remain a publicly traded company in London - they would be delisted.

Most likely they are doing two things:

1. Trying to sell the US portion.
2. Figuring out how to transfer the people in the US their money without breaking any laws that could get it delisted or make their execs criminals.

It was 6PM in London when Bush signed this law.

How about giving them till Monday to figure things out with their lawyers.

I mean seriously, if a law changed at 6PM here in the states on a Friday, Bank of America would not give you an answer at midnight - you'd find out on Monday.

Trying to talk reason into unreasonable people is like trying to reason with hurricane season.

Sean

Will I see my money yes but they way this was handled by WWTS is 100% bullshit and why could VIP & Sportingbet pull it off with little or no problems,and you seem to be missing the point that they are holding MY money hostage and to say they can't send it to me is pure garbage.

gbogo · Oct 13, 2006

once it becomes a legal issue of compliance as a public company all actions are made according to legal advice

if one bet is taken or some action taken deemed illegal the shareholders get screwed and can sue management, also you have to remember when you are not a us citizen and you do something illegal that the us govt wants you for some crime you cant travel through this country - so no person wants that to be the case.

so now the question is given the value of the company just went down 60-70% how much money can they actually repay.

it maybe the case that they do what normally happens in these types of cases- you get your money less any bonuses and profits.

best wait a week and if nothing is done then hire an attorney

its been 11 months since my money was stolen and ive heard it all - now every so often i get letters from the govt asking for information about acct values, status and decisions-- but no cash.

here your dealing with an offshore company that abides by us rulings on one side and any local rule they deem/want to abide by as well.. ie gambling debts not enforceable.

goodluck and i hope in a week you get your hard earned cash back

VegasWinner · Oct 13, 2006

This company has lost 70 pct of its stock value since last week. You think you are going to get your money back? EXPECT NOTHING AND PRAY FOR SOMETHING. Other sites refunded back, these fine folks chose not too on a BIG betting weekend...put it together Sherlocks

Muddy · Oct 13, 2006

mvbski said:
Will I see my money yes but they way this was handled by WWTS is 100% bullshit and why could VIP & Sportingbet pull it off with little or no problems,and you seem to be missing the point that they are holding MY money hostage and to say they can't send it to me is pure garbage.

BINGO!!!!

I requested my neteller withdrawal yesterday morning, they had enough time to process it!

brianb · Oct 13, 2006

They are still airing ads for sportsgambling in Cincinnati for Poker palace.com so most online gambling shops are not throwing up the Whiteflag as did WWTS!
:smoking:

sean1 · Oct 13, 2006

Maybe they are broke.

They did lose 80% of their value in a week.

You can all thank the wonderful GWB if you dont get paid.

Sean

BooksWorstEnemy · Oct 13, 2006

Broke..stealing...it doesn't matter. They are not gonna pay us, that much is obvious.

You don't pull a stunt like this when you must count on your customers' trust in you.

Later,
Books Worst Enemy

dinojs · Oct 13, 2006

sean1 said:
Why would they freeze?

Because as a public company they have decided to follow this law to the word...

Now they just get a buyer or a spinoff and all is normal again.

Sean

Sean, you are probably right I think. But the act ONLY mentions persons not being able to ACCEPT funds - nothing about paying them. WWTS is the only company who it seems have interpreted the legislation to say that they cannot pay players. They decided to tag on 'no withdrawals' to their statement all on there own. OK, i can see them not wanting to accept more deposits - similar to Firepay. And maybe not allow bets anymore, like Sportingbet and VIP (although this act did not mention betting at all - just taking deposits). But no payouts? I am not sure which law wording you think they are following. Having said all that, I still agree they will sort it out and sell like the others and players will get paid. They just made a ****ing mess out of it.

mvbski · Oct 13, 2006

FROM SBR

SBR John’s opinion on WWTS

<HR style="COLOR: #336699" SIZE=1>In a word or two: Extremely disappointed

We have been in talks with the WWTS and will continue to be. In the meantime, we have pulled them off or will be pulling them off our sites as soon as humanly possible.

SBR recognizes these are difficult times. However, there is no legal reason to deny players access to their funds.

WWTS has shown utter incompetence with malice at the highest levels to arrive at a day where their players are denied access to their funds.