1. 02-27-11 08:30 PM #1
    Bill Dozer
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    Matchbook leaving the US

    It looks like the rumor was indeed true. They will be pulling out of the US as soon as tonight.
    With this change, MB will announce the separation with WSEX in principal. As they cashout the majority of their clients, it will be telling.
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  2. 02-27-11 08:32 PM #2
    Richkas
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    Good.
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  3. 02-27-11 08:32 PM #3
    Mr KLC
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    What's their reasoning behind this?
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  4. 02-27-11 08:32 PM #4
    MexicanStallion
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    Goodbye Matchbook
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  5. 02-27-11 08:32 PM #5
    oiler
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    another one bites the dust
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  6. 02-27-11 08:33 PM #6
    relaaxx
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    son of a bitch
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  7. 02-27-11 08:34 PM #7
    d2bets
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    Please tell me it's April 1st.
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  8. 02-27-11 08:35 PM #8
    cloudagh
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    How are they going to survive without their US players? Weren't they a majority of the customers?
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  9. 02-27-11 08:36 PM #9
    RudyRuetigger
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    fishhead is on suicide watch
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    bigugly gave RudyRuetigger 1 SBR Point(s) for this post.
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  10. 02-27-11 08:38 PM #10
    rm18
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    **** them
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  11. 02-27-11 08:38 PM #11
    mr. leisure
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    That sucks with baseball coming up
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  12. 02-27-11 08:39 PM #12
    CarpeDime
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    ha WOW

    Jeez

    well I think this is officially the deciding factor.....Bill Frist, Bob Goodlatte, John Kyl....the Republicans won

    it's over, the Republicans won

    amazing
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  13. 02-27-11 08:39 PM #13
    Bill Dozer
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    Quote Originally Posted by Mr KLC View Post
    What's their reasoning behind this?
    We'll have to wait for their statement. They'll likely work hard at low juice option in Canada and we'll have to see what ins they have for UK and Asian betting. They have some software work to do before they get much back there.
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  14. 02-27-11 08:40 PM #14
    yisman
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    It was only a matter of time. I was sick of hearing from FISHHEAD about how great Matchbook was, when I never felt confident they'd stay in the American market.
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  15. 02-27-11 08:41 PM #15
    Statman
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    Quote Originally Posted by Bill Dozer View Post
    It looks like the rumor was indeed true. They will be pulling out of the US as soon as tonight.
    With this change, MB will announce the separation with WSEX in principal. As they cashout the majority of their clients, it will be telling.
    Bill,

    Just to confirm, does this mean they are no longer accepting US players but will still be serving existing accounts elsewhere throughout the world including Canada? Alternatively, could this mean they are closing the doors permanently and no longer serving customers?
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  16. 02-27-11 08:41 PM #16
    Pareto
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    wow....this is really bad news. I am not from the US, but i doubt this will do wonders for the liquidity on US sports.
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  17. 02-27-11 08:42 PM #17
    FourLengthsClear
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    Quote Originally Posted by Bill Dozer View Post
    We'll have to wait for their statement. They'll likely work hard at low juice option in Canada and we'll have to see what ins they have for UK and Asian betting. They have some software work to do before they get much back there.
    Head to head with Betfair?
    They can't survive without US players, that is/was their captive market.
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  18. 02-27-11 08:44 PM #18
    Bill Dozer
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    Quote Originally Posted by Statman View Post
    Bill,

    Just to confirm, does this mean they are no longer accepting US players but will still be serving existing accounts elsewhere throughout the world including Canada? Alternatively, could this mean they are closing the doors permanently and no longer serving customers?
    They state they fully intend to build on non-US market but up until just recently they said they had no intention to leave the US.

    The most important thing at the moment is their first act independent of WSEX... to pay out most of their user base.
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  19. 02-27-11 08:46 PM #19
    Bluehorseshoe
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    The only logical reason for them to pull out of the US market is that someone now involved with MB is living in the US. Right?

    Why else would they pull out?
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  20. 02-27-11 08:47 PM #20
    trumpdown
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    So WSEX can now get caught up.
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  21. 02-27-11 08:47 PM #21
    FourLengthsClear
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    Quote Originally Posted by Bluehorseshoe View Post
    The only logical reason for them to pull out of the US market is that someone now involved with MB is living in the US. Right?

    Why else would they pull out?
    Inability to, cost effectively, process financial transactions.
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  22. 02-27-11 08:48 PM #22
    Pegasus
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    Quote Originally Posted by FourLengthsClear View Post
    Head to head with Betfair?
    They can't survive without US players, that is/was their captive market.
    Betfair is not good at US sports and Matchbook is not good at soccer. They are in different markets.
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  23. 02-27-11 08:48 PM #23
    bubba
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    im asking them on livechat and they tell me this is not true. if it was this imminent, wouldnt the employees know?
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  24. 02-27-11 08:49 PM #24
    Mr KLC
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    Quote Originally Posted by bubba View Post
    im asking them on livechat and they tell me this is not true. if it was this imminent, wouldnt the employees know?
    They might have been told not to answer anything until a statement is released.
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  25. 02-27-11 08:51 PM #25
    KGambler
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    If true, this is devastating.
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  26. 02-27-11 08:51 PM #26
    ChileCheese
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    Is there any reason to be concerned about payouts?
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  27. 02-27-11 08:52 PM #27
    obamaismyuncle
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    Quote Originally Posted by bubba View Post
    im asking them on livechat and they tell me this is not true. if it was this imminent, wouldnt the employees know?
    no..
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  28. 02-27-11 08:53 PM #28
    bubba
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    Trinity: Hello. Thank you for contacting us at Matchbook.

    Trinity: How may I help you?

    : is matchbook not accepting us clients anymore?

    Trinity: yes we are

    : is there any intention of leaving the us market?

    Trinity: no sir

    : are you sure? i am reading otherwise

    Trinity: yes sir i am we are not leaving
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  29. 02-27-11 08:53 PM #29
    FourLengthsClear
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    Quote Originally Posted by Pegasus View Post
    Betfair is not good at US sports and Matchbook is not good at soccer. They are in different markets.
    Because there is little interest outside the US.
    Do you think an exchange focused on US sports can have viable liquidity with only Canadian players?

    Fwiw, NBA and NFL games which are televised on ESPN have bigger volumes on Betfair than Matchbook.
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  30. 02-27-11 08:54 PM #30
    Bluehorseshoe
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    Quote Originally Posted by FourLengthsClear View Post

    Inability to, cost effectively, process financial transactions.
    They could just charge more on the fees and if you don't want to play there, you don't play there.

    It's something more than that.
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  31. 02-27-11 08:55 PM #31
    NrmlCurvSurfr
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    This is good to know, thanks. I was just on chat with them today asking about deposits. They didn't even mention it, glad I did not deposit.
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  32. 02-27-11 08:55 PM #32
    JoeVig
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    The liquidity in US sports will immediately go to nil. Just freaking amazing.
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  33. 02-27-11 08:57 PM #33
    wtf
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    I assume they will not operate in usa same reason betfair does not

    extrapolate whatever you want from that
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  34. 02-27-11 08:57 PM #34
    B1GER1C828
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    with baseball right around the corner. ouch
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  35. 02-27-11 09:00 PM #35
    losturmarbles
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    Quote Originally Posted by CarpeDime View Post
    ha WOW

    Jeez

    well I think this is officially the deciding factor.....Bill Frist, Bob Goodlatte, John Kyl....the Republicans won

    it's over, the Republicans won

    amazing
    Tell Barney Frank to get your rooster out of his mouth and call off the boys at the DOJ.
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