1/17/2009 11:55 PM
No-pay exchange AllSportsMarket (SBR rating D-) closing; owner claims balances will be transferred to company shares in new venture "soon." AllSportsMarket owner outlined company problems in
a message to balance holders but did not mention its failure to pay users. Players have been waiting for funds since 2007. The message states that
AllSportsMarket will close due to legal issues and user account balances will be transferred to stock in a new sports investment exchange product in the future.
9/25/2008 11:20 PM
AllSportsMarket (SBR rating D-) homepage online again; accounts remain inacessible. The exchange-style sports betting website has been offline since early September. Two players report being owed funds since late 2007. ASM gives users who try to log in the following message:
AllSportsMarket.com: A temporary suspension of trading activity is required while we restore account data. We anticipate to return service shortly, so please check back soon. Thank you for your continued patience and understanding.
September 25 - 10:10am -The AllSportsMarket Management Team
9/9/2008 04:12 PM
AllSportsMarket (SBR rating D) website off-line; player complains of 8 month no-pay
The betting exchange has seen little activity since one of its owners, also a minority owner of the failed
BetEmpire (SBR rating F), was arrested in Italy on unrelated charges. SBR
rules scans show the ASM website was last online September 4th.
Player logs withdrawal request responses:12/10/2007 11:44:00 AM Customer Support Wrote: Dear Mr. ****, We are currently delayed with the payment queue so your withdrawal is not scheduled to go out yet. I apologize for the inconvenience this may cause. I will notify you personally when your payment is issued. Kindest regards, Christina ASM Client Support -Accounting
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2/27/2008 4:35:00 PM Customer Support Wrote: Your withdrawal is scheduled to go out in one of the upcoming batches. Unfortunately, I cannot give you a date as I am only informed by the accountants as each one is issued. I will see if I can get more detailed information for you. Christina
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3/19/2008 5:27:00 PM Customer Support Wrote: I do not have an update for you. I will contact you when I do. Christina
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5/13/2008 9:42:00 AM Customer Support Wrote: I'm sorry, but there is really nothing more for me to say. I understand your frustration and you are in your right, but there is nothing more I can do about this. You will be contacted when your payment is issued. Christina
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8/3/2008 12:07:00 AM Customer Support Wrote: Hi ******. Your withdrawal is still in the queue. I will inform you when it is issued. Christina
6/9/2007 10:05 AM
AllSportsMarket enters the SBR Rating Guide at D. Players are advised to use caution. An ASM ownership partner is also part of the group that owns BetEmpire (SBR rating F) which is expected to close shortly. Empire is a low-limit sportsbook that focused on helping the new bettor through the wagering process.
6/9/2007 09:03 AM
AllSportsMarket - SBR initiates rating coverage at D
