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Positive Update
This from Gambling911 at 6:47 pm today. Please note the update in red:
BetWWTS.com in limbo: More meetings scheduled to determine brand's future
UK-listed online gaming firm Betcorp has shut down its US facing brands effective Friday the 13th following the signing of a bill by President Bush that restricts some form of online gambling via credit cards.
More meetings are scheduled over the next few days in Toronto regarding privatization of the company.
'The group has suspended its US operations with immediate effect (but) continues to trade normally with customers in Europe and the rest of the world,' said Betcorp in a statement.
Betcorp derives over 90 pct of its revenues from its casino, poker and sports gambling websites.
'A further announcement covering the impact and resulting future prospects of the group will be made as soon as practicable,' it added.
BetWWTS.com intends to honor all wagers that were made prior to the Friday morning announcement.
Important Update:
An announcement will be forthcoming first thing Monday morning. Three groups are vying to purchase BetCorp's key US facing brands. The company is in a transition period over the weekend and US bettors will be able to use BetWWTS.com once again starting this week.
Gambling911.com has been in touch with management and feel there is absolutely no reason for concern.
updated 6;47 pm ET
This from Gambling911 at 6:47 pm today. Please note the update in red:
BetWWTS.com in limbo: More meetings scheduled to determine brand's future
UK-listed online gaming firm Betcorp has shut down its US facing brands effective Friday the 13th following the signing of a bill by President Bush that restricts some form of online gambling via credit cards.
More meetings are scheduled over the next few days in Toronto regarding privatization of the company.
'The group has suspended its US operations with immediate effect (but) continues to trade normally with customers in Europe and the rest of the world,' said Betcorp in a statement.
Betcorp derives over 90 pct of its revenues from its casino, poker and sports gambling websites.
'A further announcement covering the impact and resulting future prospects of the group will be made as soon as practicable,' it added.
BetWWTS.com intends to honor all wagers that were made prior to the Friday morning announcement.
Important Update:
An announcement will be forthcoming first thing Monday morning. Three groups are vying to purchase BetCorp's key US facing brands. The company is in a transition period over the weekend and US bettors will be able to use BetWWTS.com once again starting this week.
Gambling911.com has been in touch with management and feel there is absolutely no reason for concern.
updated 6;47 pm ET
The worst thing about this, personally is that I tried to make a withdrawal
from them about 2 weeks ago and they asked me why. Red flags immediately went up and then they denied my withdrawal request for some BS reason. I smelled a rat and wanted to warn others here, but I thought it might just be an isolated case and didn't want to cause panic. It seemed like a very respecable book 2 years ago....
Sportsavant, how will this affect the NCAA football contests?
from them about 2 weeks ago and they asked me why. Red flags immediately went up and then they denied my withdrawal request for some BS reason. I smelled a rat and wanted to warn others here, but I thought it might just be an isolated case and didn't want to cause panic. It seemed like a very respecable book 2 years ago....
Sportsavant, how will this affect the NCAA football contests?
mvbski said:
I don't think denying players access to their funds is a good thing in any case, and I sympathize with people that have money there they can't get at. Still, every indication both from internal communications and external sources seems to indicate that they're trying to work out a privatization of the company. While it's not the best thing for us players, from a negotiating standpoint it makes perfect sense to "stand pat" while they get the details worked out. This is a drastically different situation from what BOS did, which was basically do nothing. I may reassess my view if they drag their feet going forward, but I've got a hunch that this well end up being OK....
Man oh Man this is the trouble with the industry,it is no different than dealing with a local bookie as they can have a bad weekend and turn off the phones and reopen as some other Guido.
This is the same thing BOS did which was we will update on Mon then Friday then by end of month.
And this will cause a run on the other books banks and the snowball effect.
It;s an excuse to stiff!
This is the same thing BOS did which was we will update on Mon then Friday then by end of month.
And this will cause a run on the other books banks and the snowball effect.
It;s an excuse to stiff!
ucking:s
Totally agree with this man. Disgraceful. ANd like I said in another post, all they had to do was word it politely and assure payment and it would make a big difference but they did not even do that. Not that it would be right but at least it would appeasethe crowd. Not good.
mvbski said:
Totally agree with this man. Disgraceful. ANd like I said in another post, all they had to do was word it politely and assure payment and it would make a big difference but they did not even do that. Not that it would be right but at least it would appeasethe crowd. Not good.
WWTS did not handle this well. They should have posted we'll have an update on Monday.
But it was 2AM Saturday morning in Australia where they are located when the bill was signed.
If a bill went into effect at 2AM Sat about Bank of America, when do you think Bank of America would comment?
Sean
But it was 2AM Saturday morning in Australia where they are located when the bill was signed.
If a bill went into effect at 2AM Sat about Bank of America, when do you think Bank of America would comment?
Sean
sean1 said:
they knew it was 99% gonna be signed for 2 weeks though, so this 2am in australia think doesnt hold as much water.
but i c your point.
I fear, however, now they have done it to themselves, EVERYONE will want their money back when they re-open, and that will cause a big problem. They may have to come up with some real ingenious wat to protect themselves from this and calm down the masses.
sean1 said:
First of all they knew and the entire world knew this was coming. So you prepare accordingly. This should have caught noone offguard.
Secondly so what the bill was signed? That effects nothing. Nothing is implemented yet. Nothing has changed.
Am I missing something here, Sean??
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