Sportingbet PLC has sold all of its US-Facing brands

[xpanda]

Wish I could say the same ... 5-figures worth of pending wagers and futures ... and with those clowns at SportsBook.com/EFS, who the hell knows whether they will honour them.

Email me your account number and I'll look into it for you.

tanya@therx.com

I will also inquire about how non-Americans are to withdraw their funds.

 

[kobefan08]

Just called sportsbook.com... CSR rep told me they are leaving all existing canadian accounts alone... as of this moment I am logging in fine into my account

 

[Halifax]

Just called sportsbook.com... CSR rep told me they are leaving all existing canadian accounts alone... as of this moment I am logging in fine into my account

You're being told a lie ... and living on borrowed time. I suggest you call and ask them what their plans are for Canadian accounts .. you will likely be told that they are being closed. i just called, and that's what they told me.

 

[Halifax]

Email me your account number and I'll look into it for you.

tanya@therx.com

I will also inquire about how non-Americans are to withdraw their funds.

I'll address this in a new thread. They said that not only are they shutting down Canadian accounts, but that they're cancelling pending wagers and pending futures wagers as well. Totally unacceptable.

 

[sean1]

Yes,

Absolutely unacceptable.

They need to set you guys up with accounts at Sportingbet and keep all pending futures.

Anything less is ridiculous.

Sean

 

[youngman]

hollywood sportsbook are they part of the subsidiary sold too? Guess will try logging in later and see if it works.

 

[Woody0]

Hollywood was sold in May and it was reported that they would be operated by Sportingbet. I can still login.

http://forum.therx.com/showthread.php?t=374564

 

[Sugarbear]

They are going to use Hollywood for there Euorpean expnsion plans.

 

[Buffalo66]

Is it only future pending bets in certain states in the U.S. that are being cancelled? That's what it appears to say at sportsbookreview.com. I haven't had my 4 future bets cancelled yet. Have they already cancelled some players future bets, or have they not cancelled them yet but are planning to do it soon?

 

[Jason22]

Quick Question for anyone with the knowledge on the subject....How does Paradise Poker know if your playing poker from one of those "illegal states"?...Thank you

Jason

 

[bmconsultants]

Nah, its just an effort of sportingbet plc to not errode any more of their business via a standard non-compete agreement....you'll see more of this to come. It wouldn't surprise me if they had some sort of handshake agreement that JEL will sell the sportsbooks *back* to SportingBet at some point in the future when the regulatory climate in the US changes.

From the 12 October 2006 press release:

The Disposal is subject to a condition precedent that the Act is signed by the President of the United States and becomes law prior to the closing of the 109th Congressional Session. Should the Act not become law by the end of the 109th Congressional Session, JEL is entitled to payment of US$0.5 million, and the US operations will revert back to Sportingbet.

There may be other stipulations that we'll hear about soon as Sportingbet have to be careful in making sure their shareholders are kept informed.

Online sports wagering isn't going anywhere, and no one is stupid enough to leave the largest single market at $6 billion a year on the table. It's just CYA time for the companies with any risk of legal exposure...

The private investors and ex-management who are behind Jazette Enterprises have every reason to be friendly to Sportingbet in the future.. particularly once all online gambling is regulated in the US within 3 years or so.

 

[bmconsultants]

Quick Question for anyone with the knowledge on the subject....How does Paradise Poker know if your playing poker from one of those "illegal states"?...Thank you

Jason

They will do it mainly based on IP address, and where you say you are when you sign up. I posted a thread about this in the Computer & Tech Help Room here:
http://forum2.therx.com/showthread.php?t=416657

On Sportingbet's sale of Sportsbook.com and the other books, looks like we'll see an official site from Jazette soon:
http://www.jazetteenterprises.com