this thing has been dragging out since last tuesday... a week without betting and money stuck .. GREAT!
-
Comment -
BOS have sacked David Carutthers - that's an interesting way of offloading your problems
Comment -
I think that firing Carruthers is a positive sign that the company intends to resume operations.
I'm not sure exactly what I'm basing that opinion on, but that's the way it seems to me.Comment -
Firing a guy you hired to do a job because he got arrested doing what you fired him to do. If you hated BOS before you gotta really hate them now for being a buncha pussies and showing no loyalty.Comment -
Certainly strange. If they care so little about his arrest amazed they ever stopped taking bets.Comment -
LAST week they were saying end of the week.. the week came by and went.. now this week. .it started for sure on monday.. tuesday.. and now they are saying on we hope to be open on friday.
this is the first time when i called in and asked more info, the csr rep just put me on hold and hang up on me when i ask abt the ceo and his bail.Comment -
Last Thur. BOS said they should be open on Fri. then it was the weekend at the latest. Then it was Mon 2:00 pm for sure.
This house of cards reached pretty high before collapsing. Not to worry, The RX guaranteed each account holder up to $10,000 that your money was "completely safe". They said that even though posters were saying they were nothing but scamming crooks.Comment -
Carruthers deserved to be fired for being stupid enough to enter the US.Comment -
So, either:
a) He's taking a big pay-off to be the sacrificial lamb.
b) They've hung him out to dry and he's going to sing like a bird.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
i dont konw how a sportsbook can do a good business if customers are not first on their list. all the legal issues .. yes.. but they should know all the customers have the money with them and they are holding other ppls money for weeks now.
i really dont know when we will get our money back and starting to loose hope. everytime i call them they will say tomorrow.. next week.. cant blame the staff either but i am sure all their customers are pissed off. i know i am!
bad way to do business and show how much their appreciate their customers.
damn irritated here!Comment -
Actually, BoS's response makes perfect sense.
The injunction was entered because BoS was allegedly breaking the law. By declining to take more wagers from US citizens, they are fulfilling the primary purpose of the injuction. While the court also ordered BoS to return US citizens' funds, that is ancillary - the manner in which they return US Citizens' funds is not a focus of the DoJ dispute.
On the other hand... If BoS still has these open accounts, I expect many players will continue to bet there when/if BoS reopens. I think it's likely they will reopen once it is tactically advantageous to do so - perhaps they need to move money/assets around so that it isn't vulnerable to the US if UK cedes to US demands. They might actually be taking the hit for Caruthers - once he is released on bail, I think it's likely they'll greet him with open arms.
Keeping the player accounts, even if 40% cash out, maintains their business operations once they reopen. And if those 40% get their payouts quickly, and BoS looks like it is "business as usual", I think many people will return there.
Do NOT take this as an endorsement of BoS, but... I play there, and don't plan on cashing if they reopen.Comment -
Originally posted by daringly
You better stop making sense right now! There are people at this forum who will yell very loud at you and accuse you of being the worst kind of human being for saying such things. If your opinion isn't a negative one, it isn't welcome here.Comment -
Daringly,
WHat's upsetting most people isn't that BOS stopped taking wagers, is that BOS stopped making payouts. They could easily do one wihtout the other. The only reason why they don't want to do payouts is that they know they will get a flood of withdrawal requests.
Maybe it's time for players to start going to IBAS to demand payment.Comment -
I'd be looking to cash out fast if I had money there and a window to get out. Why stay ?Comment -
when can we start doing this? i think 2 weeks is long enough and seriously its not good when u dont have control of ur own money. if there is a way to push these ppl to pay their customers and then take care of their own business.. we should do itOriginally posted by marc
how to do this? i am ready to jump on the bandwagonComment -
I think you need to jump on an airplane first.Comment -
BETonSPORTS hopes to reopen within a week
LONDON (Reuters) - Internet bookmaker BETonSPORTS is hoping that the sacking of its chief executive will prompt officials to allow it to reopen its Web site "within a week," the Daily Telegraph said on Thursday.
The group, which removed David Carruthers on Tuesday following his arrest in Texas on racketeering charges, hopes the move will give it enough leverage with the U.S. Department of Justice to reopen, the paper said, citing a source close to the company.
BETonSPORTS has complied with a U.S. demand that it close its sports betting operations for U.S. customers.
A U.S. judge on Wednesday extended a restraining order that bars the Internet bookmaker from accepting wagers from U.S. bettors at least through July.
The company could not be immediately reached for comment.Comment -
I found this article
its about gambling in general...
Comment -
I love how the picture with the article is of someone playing poker...as if those who seriously play poker are actually gambling....Comment -
Well I lose the office bet if BoS does not open by Sat 10AM. I do think they are just a day to a few days from opening.
I know there is a strong possibility of them declaring bankruptcy and many insiders think it will go that route. I'm not in that camp.
When they do open they will restrict payouts somehow or maybe not offer payouts for the first month. That would be very BOS ish.Comment -
No payouts for the first month won't fly. Maybe only withdraw 10 % of your balance a week for awhile or something like that could fly for awhile.Comment -
I'm not sure how the law works in whatever country BoS is incorporated in (England, isn't it?), but over here in the good old U.S.A. you can't just "declare" bankruptcy.Originally posted by SBR_John
I mean, you can "declare" yourself bankrupt, but then you have to prove that you are in court before your creditors have to let you off the hook.
I imagine it would be kinda tough for them to prove bankruptcy unless thay actually are bankrupt.
And being a sportsbook, I doubt very much if they are - although New York City's Off-Track betting operation always seems to have problems staying out of trouble.
Comment -
That's a good point Paul. But these BOS guys have ALWAYS been verrrry shady.
One has to wonder out loud if BOS just decides to steal all of the accounts of US citizens?? What then??? Well, that gives BOS a lot of cash to pry into the Euro and Asian markets.Comment -
No-one in Europe would touch a book that did that - indeed there's precious little reason to use a Costa Rican US facing operation except for bonus scalping as there are plenty of very reputable UK and European based books to choose from. BoS and the other offshore books may well find themselves between a rock and a hard place - no possibility of trading in their main core market, and attempting to break into a very competitive market elsewhere. No-one who isn't squeaky clean will last long. The Pinnacles of this world will be OK - Pinnacle is probably the best sportsbook I've ever used - but the C and D rated ones haven't a prayer.Originally posted by SBR_John
My own opinion is that the most likely outcome is that BoS will go bankrupt - any opening for business will cause a massive run on the bank and no-one in their right mind would wager there - and maybe the assets will be sold off cheaply for a new setup. Presumably any cash assets will need to be frozen pending the resolution of the US court case, as there are compensation demands as part of that. I wouldn't be expecting any payments for months or years, personally, if at all, and if you're not a US citizen you might well find that you get no payment at all.Comment -
I hope you are wrongOriginally posted by bisonraviComment -
BoS will certainly need to be very creative when/if they reopen their operation to US bettors. Obviously they will need to introduce some type of incentive to clients who currently have their accounts funded, in order to lessen the impact of the impending mass withdrawal.
What is important to remember is that one of the benefits of being a successful publicly held company is the flexibility that comes with large amounts of liquid capital. Unless this group was experiencing significant financial distress prior to the arrest, I seriously doubt a declaration of bankruptcy is in their near future.Comment -
Not many bookmakers could survive a mass run on the bank whether or not they are nominally solvent.
Bear in mind also that the US is pushing for punitive restitution of funds to US customers, and seem to have some sort of de facto control over the operations at BoS. This is a dangerous combination for non US customers.
I hope that BoS opens and survives, but I can't honestly see much prospect of anyone at all risking bets there. Most people will be looking to pull their funds as soon as possible. I don't have funds there, but know a couple of people who have substantial deposits, and it's a bad time for all.
Why the h*** people can't just leave us alone to gamble as we feel fit, I have no idea. I thought the US was supposed to be the land of the free - not much sign of it at the moment.Comment -
Here! Here!! bisonravi!Comment -
...and I'm sure ENRON is on the way back too. Some people are just in denial. BetOnSports are crooks. They are not going to pay back all the money thats for sure. The house of cards has collapsed.Originally posted by isetcapComment -
Good thread guys, I tried to warn people about mvp and vwager a while back. I would like to see them back and running. Keep the updates up fellas and SBR and lets see what happens. Looks like they won't be back ?? are they just trying to pacify us ??? thanksComment -
When was there? There are many great things about the US in my opinion, but for personal freedom, there are much better places. I find the fact that we constantly claim to be the last bastion of freedom pretty laughable.Originally posted by bisonraviComment -
For the time being BoS is still closed and the money is still trapped there.There is no light at the end of the tunnel about reopenning.
I really cant understand why some ppl are very optimistic about getting their money back, soon.Comment -
If none of these other BOS people who indicted are even going to show up, then why has BOS shut down operations. What I don't understand is why not just go on operating as before. At a minimum could cancel advertising, but still work the base they already had. I guess the only reason they stopped operating was to prevent a run on the bank?Comment -
ST. LOUIS (Reuters) - A federal judge on Monday extended for a second time her order barring BETonSPORTS Plc (BSS.L: Quote, Profile, Research) from taking wagers from U.S. bettors.
Prosecutors suggested the extension until August 14 while they answer questions posed by U.S. District Judge Carol Jackson concerning whether the online bookmaker was served with the charges correctly at its offices in Britain and Costa Rica.
The U.S. attorney in St. Louis had asked the judge to make the ban on U.S. bets permanent. BETonSPORTS has complied with the order so far.Comment -
Can't understand why BOS just does not say 'Screw You' to the US & re-open as per normal.
I mean what could the US do about it
Nothing as far as I can see.
Are BOS just going to sit there like Pricks for ever & go bust waiting for the court order to be lifted which it probably never will be
Comment
