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LazerWager folds with player funds; parent company scams continue
Lazerwager (SBR rating F) again cites frozen funds of third party processors as reason for finally calling it quits. The book used the processor excuse again despite only transferring two partial withdrawals to players since last year’s Super Bowl. LazerWager blamed a credit card processor that froze post-up funds in February. LazerWager admitted that it made the mistake of relying on one processor to collect all monies and that without player deposits it did not have the needed funds to pay winners. The sportsbook lied to players saying that it would be transferring money from other business ventures. During the stalling and false promises of 2008, the sportsbook marketed aggressively to get new deposits from unsuspecting bettors. The Lazerwager staff told SBR prior to payout issues that the book is owned by GPS Global SA, also known as Evolution Sports Data Processing (evodp.com). The sportsbook shares the same server with many other betting sites.
SCAM ALERT: The image below was taken from Lazerager sister sportsbook, PrimeTimeSports website today. The F rated sportsbook pretends to be rated A+