6/26/2006 04:24 PM
Skybook (SBR rating A-) Group consolidates properties Five days after absorbing sister sportsbook,
IIS (SBR rating A-), the group has taken
rio (SBR rating A-) and
ClickAndBet (SBR rating B) off-line. All accounts will be moved to Skybook.com. Ownership has planned to focus the company on its flagship, and now only brand, for over a year. Skybook will have an affiliation with new sportsbook,
BetMania (not rated), which will be managed and operated externally.
8/22/2005 01:35 PM
Two notable Upgrades: rio Group and Sportbet The
rio Group including flagship Skybook breaks into the ’
A’ group for the first time.
Sportbet is again rewarded for their continued improvement with an upgrade to
B-. Sportbet has now had 4 straight upgrades in the past 18 months. SBR recognizes the effort of the Sportbet management and staff.
8/22/2005 01:18 PM
rio Group including flagship Skybook upgraded from B+ to A-
11/4/2004 06:27 PM
Casablanca (SBR rating C) no longer has control over their original domain name; www.BetCBS.com. CBS Corp successfully moved to stop Casablanca from using the name.
rio (SBR rating B+) had a similar fate with Las Vegas based
rio Hotel and Casino and infamous scam book Yahoops fended off Yahoo before finally being overcome by the legal system. Casablanca's permanent website address is now
www.wagerweb.com.
7/29/2004 10:27 AM
The
rio Group upgraded: Bet
rio raised from B to B+, Skybook raised from B to B+ and IISportsbook raised from B to B+. BetOnSports raised from D+ to C
1/13/2004 12:00 AM
rio/Skybook raised from C+ to B
11/17/2003 10:13 AM
rio - SBR separately interviews GM and minority owner of
rio/Skybook -
rio has agreed to a level of disclosure including financial and operating disclosure and to provide trade references -
rio has stated that rumors perpetrated against them are false and
rio would welcome unlimited disclosure - SBR will be on site within a week - Complete evaluation expected to take 3 weeks
11/17/2003 10:10 AM
rio (SBR rating D+) - SBR requests viewers refrain from email inquires about
rio - SBR does not have any inside knowledge on
rio - SBR's opinion is still that this operation is not in danger, however, their rating of D+ should make it clear that our stated opinion is a guarded one - It would appear that the new new ownership/management is dealing with some se
rious challenges in the post-up side of the business - The credit side is said to be profitable and business as usual
11/16/2003 10:08 AM
rio (SBR rating D+) Letting go or otherwise losing personnel -
rio seems unable to stop the slide
10/28/2003 05:05 PM
rio - Continues to lose players confidence while struggling with an assortment of problems
10/15/2003 05:56 AM
Mini-run underway at
rio - SBR has received several player comments "fast pay as usual"- Other top books have contacted SBR and reported they are not concerned - Supposedly the debt reported by MajorWager was part of the sale by
rio to new ownership - SBR has decided to maintain a C rating on
rio, lowered from a B on 10/14, until more is known
10/14/2003 05:59 PM
UPDATE: rio management strongly denying MajorWager report - A source unfamiliar to SBR claims a Costa Rican GM of a competing book has stopped transfers with
rio/Skybook and is concerned about their financial position - It should be noted that
rio has always paid on time and has a very large loyal following. Additionally, the likelihood that the current information on
rio is being planted to harm
rio is to be considered "likely". More news out of Costa Rica seems to collaborate MajorWagers report that
rio has added a significant level of debt this year although none recently. SBR rating lowered to C
MajorWager sounds alarm on
rio, current SBR rating B, claims book is strapped for cash
- rio was removed from the SBR Recommended List on 9/23/03
- SBR hopes to have more on this soon
9/23/2003 12:00 AM
rio and Hollywood removed from the SBR Recommeded List until hacker attacks are resolved
9/16/2003 03:15 PM
rio and Cascade make SBR Recommended List - Both are former members and both return after ownership changes - BetCascade is substantially stronger while
rio's change was more lateral
9/15/2003 03:15 PM
rio and BetCascade likely to make SBR Recommended List by next week
9/15/2003 12:00 AM
SBR rating changes: BetCascade raised from C+ to B,
rio raised from B- to B
8/22/2003 12:00 AM
rio - Originally removed from the Recommeded List on 8/11 - SBR rating cut from B to B-
8/12/2003 01:14 PM
SBR now comfortable with Cascade's recent sale - BetCascade,
rio, Carib and Heritage are favorites to make the Sportsbook Review
Recommended List by start of football
8/11/2003 12:00 AM
rio removed from Recommeded List to evaluate ownership change SBR rating remains unchanged B
9/5/2002 09:47 AM
SportingbetUSA - Drops out of Sportsbook Review top 10 - CS issues have resulted in a 4 month slide from 5th to 13th -
rio jumps three places
8/14/2002 09:47 AM
Recommended List changes - Grande advances 5 places to 11th, 5Dimes 3 places to 15th, ALLWorld 1 place to 19th -
rio/ Skybook rejoin after 3 week reexamination due to rumors of financial concern
7/28/2002 03:34 PM
Recommended List change - Pariaction's AllWorld replaces
rio
2/11/2002 10:23 AM
rio / Skybook - Added to the Top 20 list