2/26/2007 02:05 PM
betonsports plc’s
Easybets (SBR rating D-) transfers accounts to sister site,
YSB88 (SBR rating D-). Players are advised to withdraw balances if possible.
9/15/2006 05:03 PM
betonsports plc sportsbook, Yishengbo enters the SBR rating guide at D-. BetOnSports continues to cheat players through its remaining active sportsbooks. SBR has received multiple complaints from American-based bettors who were ejected from
Easybets (SBR rating D-) after solidifying MLB future wager wins. EasyBets was known for offering generous future betting odds to attract its clients.
Bettor: "Bill, The voided wagers were still pending. EasyBets stiffed me on the Mets winning the NL East division - which is already a foregone conclusion, and I’ll get cheated big if either San Diego or San Francisco win the NL West."
8/11/2006 01:21 PM
EasyBets downgraded from D to D-.
EasyBets is part of
betonsports plc which today announced that it does not have all player balances.
8/11/2006 09:09 AM
BetOnSports blaming processors for inability to pay. The manner in which BetOnSports handled the US District Court indictment has been scrutinized by everyone familiar with the situation. Now that the sportsbook has announced it will close and does not have all player funds, the finger pointing has ensued.
Recent reports suggested that BOS was unable to pay players because funds were inaccessible. An Associated Press news release published yesterday on
Yahoo News stated
"...because of the judge’s order on July 17, some payment processors, or e-wallets as they’re known, have stopped doing business with BetOnSports." AP News interviewed an unnamed BOS executive who stated,
"BetOnSports has no way to transfer the bulk of the pending wagers or deposits to gamblers."Today’s shareholder statement infers that the book’s ability to pay players depends on future earnings and "
the Company’s ability to persuade banks and cash processors to release its funds."
View full shareholders statement.
Neteller tells SBR that was not the case with its BOS merchant service. Once a sportsbook chooses to cease operating, Neteller’s policy is to freeze the merchant account.
BetOnSports made its intention to suspend operating clear when it released a statement shortly after the indictment was unsealed.
Sportsbook operators and industry analysts tell SBR that BOS overreacted to the affect the indictment would have on the company’s public stock value.
betonsports plc is believed to have ceased operating in order to freeze share prices. This left financial processors with no choice but to follow with a suspension on merchant transfers.
Kevin
8/10/2006 01:12 PM
SBR Bill Dozer reports: BetonSports (SBR rating D-) to announce closure Inside sources tell SBR that
betonsports plc will close its US-facing Costa Rican operation. The announcement to shareholders is expected at 7:00 am UK time.
Update from Mall San Pedro: All hourly employees dismissed.
8.10.2006 (2:04:23 PM): Tomorrow’s shareholder statement said to reference disbursement of "player balances" within 60 to 90 days.
SBR will continue to pursue
further information regarding fate of player funds.
BOS Plc is expected to maintain relatively small Asian-focused sportsbook,
EasyBets (SBR rating D).
7/25/2006 08:50 AM
betonsports plc terminates CEO Company Statement:
"betonsports plc Makes Announcement Regarding CEO
LONDON -- The Board of Directors of betonsports plc announced that on 24 July 2006 the contract under which David Carruthers acted as CEO of the Company was terminated. As a consequence, the Board has removed him as a director.This action was taken as a consequence of Mr. Carruthers continued detention by US authorities. Clearly, while he remains in the custody of the U.S. Government he is unable to perform his duties. Further the company has been unable to speak directly with Mr. Carruthers."Londonstockexchange.com
7/8/2006 04:35 PM
betonsports plc follows industry trend; consolidates brands BOS’ newly acquired sportsbooks, and former VO-Group properties,
BeverlyHillsBookie.com,
VirtualSportsbookInternational.com and
VirtualBookmaker.com are scheduled to move clients to
MVPSportsbook (SBR rating D) tomorrow.
PopularPoker-Sportsbook will consolidate its bettors under
PlayersSuperbook (SBR rating D). Players may find they are locked out of their account for an extended period, as is the case with sister books,
RockIslandSports (SBR rating D) and
BettorsTrust (SBR rating D). These websites have been off-line since July 2nd for "routine maintenance."
6/12/2006 11:39 AM
New complaint of funds confiscation against BetOnSports (SBR rating C-). The bettor lost $23,000 to the sportsbook since May 12th before his last deposit on Thursday of $4,000. The player claims the clerk offered him a 30%
sportsbook bonus if he would be willing to double his usual deposit of $2,000 to $4000, which he did. The bettor went on to bring his balance to $20,984.87. On Saturday the account was frozen; the sportsbook telling him he was suspected of being part of a "
syndicate." Today, $15,600 was sent to his Neteller account, $5,384 less than his balance. The player also holds accounts at
betonsports plc sites,
MVP Sportsbook (SBR rating C-) and
Millennium (SBR rating C-), and states he has lost $8900 combined.
Update: BOS Management tells SBR they will once again be reviewing their decision on both cases today.
3/25/2006 12:07 PM
betonsports plc Group upgraded; BetonSports from C to C+
5/25/2005 08:45 AM
BetonSports (SBR rating D+) acquires Easybets (SBR rating C-). Easybets management tells SBR that the book’s staff will remain in place and there will not be any managerial changes. It is unlikely that players will experience any immediate changes in service. Easybets reportedly was acquired for 5 million in
betonsports plc shares and $10 million in cash.