I doubt whether they could make payments to all customers if they ceased to trade. It is therefore the fairest method of ensuring that the customers get as much as possible out of the company.
This isnt looking good.
This isnt looking good.
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We hear there is an offer to be made in the next 24hrs. We dont have enough info to know if it is a serious offer that WWTS will likely accept. We should have more info by mid afternoon tomorrow.Comment -
What kind of offer? One where a new american bookie will buy wwts clients and leave them safe for maximum 60 days until he's gone?? A+ - this is a realy bad joke!!!Comment -
I think the standard going rate for these places is $1.
Any takers?Comment -
Got any change from a 5$ bill isetcap? I have 4 more american bookies to buy.Comment -
I used my last Frosty to buy Sportsbook.comOriginally posted by barneyComment -
Imagine that, you could buy VIP, Sportsbook.com, Sportingbet and WWTS for $4 and probably get some change. Might even throw in BetOnSports for free.Comment -
The MAFIA are having a party now...they have us by the balls...soon they will show up in our houses with a notebook and a bat and take wagers like the old days. GO america - you realy love your people!Comment -
LOL barney...that cracked me up
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I like to think of all of them as:Originally posted by SBR_John
A Crispy Chicken Sandwich
A Jr. Bacon Cheeseburger
A Small Chili
A FrostyComment -
We have never had a paid advertiser that has had any trouble.
written by SBR john.
How are you going to stand up for your words now?Comment -
If I didn't live in the states, I would have jumped at a chance to buy these books. It's a no lose situation. Book makes money, you keep the book around, book loses money you shit it down and stiff everyone. It's a great deal.
I'd love to know what protection if any did VIP and Sportingbet put in place to make sure players would be paid in the short termComment -
Originally posted by isetcap
I offer $2
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it is a little disturbing that WWTS hasn't worked all of this out by now...Comment -
Just to give a further idea of roughly how much of their clientele is/was from the United States, I just checked the WWTS NFL contest. In Orwellian fashion, they’ve simply deleted most of the participants, even from the past results. When the contest started I noted 460 people participated in Week 1. I just looked back at the Week 1 results now and only 80 names remain. So presumably 380 of the 460 customers who started the contest were from the United States.Comment -
It is an American Sport that the rest of the world cannot understand the attraction of. I am surprised that 80 names remain.Originally posted by TLDComment -
Is there any possibility that WWTS doesn't have the money to survive a run on the bank?
On 10/11:
They already lied straight in our face once. Any good reason to believe another word they say?Betcorp Ltd released a statement this evening acknowledging that if it was unable to move its US-focused brands under private ownership by Friday, services to the US market would close. Sources within the company tell SBR "It’s likely you will see the last two public giants privatize within the next 48 hours but of course, all [Betcorp sportsbook] players will receive their funds immediately if this is not achieved."
(and who is the other 'public giant' referred to?)Comment -
There is a rumor that BetUS has made them an offer and that they are going to talk with corporate about it tonight. Not a good rumor source although we do know the meeting is in Canada where BetUs has a presence. But so does SIA and Bodog neither which we think would have any interest at all.Comment -
are US players going to be required to do a rollover in order to withdraw funds?
YES -200
NO +180Comment -
I just tried Sportsbook Selector Tool at SBR.
The ideal sportsbook for me is surprisingly:
BetWWTS
This is your book if you demand the best. They were the first with a track record going back over 12 years. A true consensus top Sportsbook.
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I don't think WWTS has all of the money to pay it's customers right now...that's pretty clear...Comment -
I used to think regulation was overrated, but if a book like WWTS can do this, the whole trust thing doesn't mean too much. Even the big boys only pay out as long as they have the funds and are making money. If it turns who doesn't F over the players.Comment -
???Originally posted by lakerfanComment -
Just using WWTS as an example. I still have faith in some most of the big books, but only because I believe they are making money and have incentive to stay in business. A few like WSEX and Olympic I actually trust. Just saying human nature seems to be to take the money and run.Comment -
What makes you feel that way?Originally posted by pags11
ISComment -
Here is the latest from Antigua
FINANCIAL SERVICES REGULATORY COMMISSION
Division of Gaming
NOTICE
All Licensed Interactive Gaming and
Interactive Wagering CoRPORATIONs
October 17, 2006
The Financial Services Regulatory Commission, Division of Gaming wish to strongly advise in principle and in accordance with Interactive Gaming and Interactive Wagering Regulation 123 and its subsections, owners of accounts must have access to account balances at all times. Therefore, if a player is requesting to withdraw the balance on their account we expect Licensees to honour such request in an expeditious manner.
We are mindful that the passing of the “Unlawful Internet Gambling Enforcement Act of 2006” is having an adverse material impact on your operations. As a result, we recognize that Licensees are diligently working to achieve the most suitable business alternatives. However, we reiterate and caution that the Commission expects your business alternatives and/or decisions be formulated in a comprehensive manner, taking into account your legal and regulatory obligations under the Laws of Antigua and Barbuda and the underlying risks involved.
The Commission must be advised forthwith if any temporary actions will result in contravention of the International Business Corporations Act and/or the Interactive Gaming and Interactive Wagering Regulations.
The Commission is monitoring this matter assiduously. However, we trust any pending matters regarding the above are resolved in the spirit of our regulations.
Please be guided accordingly.Comment -
Anyone wishing to file an official complaint can do so here.
Not sure how much it will help, but maybe if the gaming commison gets swamped with complaints they will do something.Comment -
I filled out the complaint form, and the gaming comisison responded very quickly. They said they are going to speak to the Licencee. Lets see what happens.Comment -
inspades,
if you studied their balance sheet the last couple of years, they had some issues...this is why I'd make a statement like this...Comment -
Pags,
They actually had no problem with their balance sheet or even raising money. When they bought Cybersportsbook they raised $4 million in cash without any loans. They also had reported earnings averaging $1 million a month net.
There is a reason BoDog is closing in on getting this deal done. This is a legacy book thats been in business since there was an industry.Comment -
Care to give details from the balance sheet to back up this statement?Originally posted by pags11Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment -
WWTS sucks plain and simple end of debate....anyone who gives this book an A+ is either mentally retardad or getting money from them to give them an A+. I had a mod in here tell me it's a crap book but he told me not to tell anyone I said that I wouldn't. He also said VIP is a shit book as well. I won't reveal the mods name though but he is one of the good guys on here.
I trust what Pags is saying...he has a great feel for the industry.Comment -
here we go tacomax, the guy that said sportsbook.com was a solid book...you are such a god damn idiot...admit when you make a mistake about judgement, you are so full of pride it's ridiculous...what do they call you in your country, a wanker?...yeah, I think that would be appropriate...
tacomax, I'm not talking about smoke and mirror accounting dude, I'm talking cash flow...it was actually Bill that I talked with last year about some of their financial issues...
go ahead you dipshit, telling everyone to keep playing at sportsbook.com even though they were a crap book...way to be a true leader instead of just admitting your wrong...
what do you guy's want to bet tacomax cut and pastes me?...
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I'm just going of my conversation...it wasn't like oh crap WWTS is going out of business or anything, it was more of if WWTS had to pay out all of the money they had in people's account right then and there, they wouldn't be able to do so...
I do have to admit that I didn't think WWTS would be a book that went down, but I also didn't think they were worthy of an A+ rating either...Comment -
Cut and pasting is usually the act of taking a piece from another source and posting it on a forum. I think you're confused - what I do it quote the portion of a message that I'm replying to - that's not cut and paste.
But anyway, aside from that and aside from the personal insults you feel that you need to throw at me (notice I don't do the same back - that's called class) can you please answer my question? Can you give details from the WWTS balance sheet to back up your original statement?
And what has all this got to do with sportsbook.com? I play there but I wouldn't recommend that others play there. It's risk Vs reward and the rewards for playing there outweigh my risks, but others' mileage may vary.Originally posted by pags11Originally posted by BuddyBearOriginally posted by curiousComment
