Lenny always pays!
Give him a chance!
Give him a chance!
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AL I can do now is HOPE.Comment -
i HEAR SOME OF THE POSTERS here got paid in the last 2-3 weeks. Whats up with that?Comment -
I dont believe anyone has been paid.Comment -
don't get your hopes up guys...cascade is down for the count and I'm not sure they can get up this time...remember that many years ago they were a D book as well...Comment -
Does anyone know of any book that will put out college football numbers as early as Cris with -105..? Did Cascade..?Comment -
My latest....on Tuesday Lenny said he might have something on Friday.
On Friday he apologized but nothing.
NGComment -
Lenny is a fvcking joke and a liar....always has been and always will be....Hope all of you get paid that is owed and then I'd love to see Lenny out of this buisness for good so he doesn't fvck anyone else!Comment -
Lenny laying low until football season?Comment -
dont know, think that will work if he is?Comment -
Talked to him this morning, he said he was working on it but that there was nothing new as for now.
I have a feeling the things he was hoping for aren't going as planned, but who knows.
If that's the case the only hope might be that come Football season there will be more options available to him.
You have to realize that the deposit problems haven't affected the huge majority of recreational sports players yet.
Most of them were either broke and done for the season by the time Pinnacle and Neteller went away, or they still had money in their accounts and kept it there or cashed out.
Because of that depositing hasn't been an issue yet.
When Football starts, a huge amout of recreational players will want to deposit again, and will find out what we already know, that things have changed.
What will happen when several million people realize the government has pretty much taken their hobby away from them is anybodies guess, but there is a good chance things might finaly change for the better.
And who knows what options might become available for Cascade because of that.Comment -
cascade is in the dumps...Comment -
Thanks for the update pags11!!
Good post Breaker. As always my fingers are still crossed.Comment -
Cascade was relatively late posting lines. 5Dimes and Wagerstreet might be doing something with lower limits. reduced juiceComment -
I requested a payout around the same time. It was modest,just a few hundred dollars,but I was responding to the rumors. I started out as very supportive of Cascade but many broken promises later they had my head spinning. No longer believing anything they told me I repeatedly doubled down until I was finally broke. My lost faith in Cascade made the money feel unreal.
At first I was pretty upset but now I feel like a giant weight has been lifted. I just got so tired of buying into and then being disappointed by their yarns. It just wasn't worth the hundreds (I doubt I would have seen) to be associated with them. Pretty demoralizing when your book doesn't do payouts! I don't have plans to deposit with Bet Cascade anytime soon.Comment -
Thanks for your input Jasper and well said. Many share your opinion.
Where are the partial payments? Where is there any sign of good faith? Where? Just show me one...Comment -
I guess we can still call him. That's about it for now.Comment -
Sorry for the Bump. I Just want to keep this thread alive.
Any update here???Comment -
Nothing new as far as I know, but here's some background on how it got this far for those that are interested:
June 22, 2004
Struggling Costa Rica-based bookmaker, Cascade Sports, received a crushing blow this afternoon. Sports911.com has learned that one of the shop's largest credit packages was yanked. 60 players in total, most of whom bet substantial amounts of money per game, will no longer utilize Cascade. The bookmaker relies heavily on volume from such credit packages.
Few industry people believe Cascade will shut down without paying all remaining debts however, though it is becoming more likely the book will either cease operating or be absorbed into another company.
The founder of Cascade Sports was once a partner in San Jose, Costa Rica's most popular land based casino, Club Colonial.
Cascade Sports maintains a relatively small post up business.
June 23, 2004
Grande is just one entity that has helped Cascade financially in the past. The owner of BCBet also lent money to Lenny, but he too will no longer be financing what many believe to be a worthless cause. Likewise, BCBet's owner should not be held responsible for Cascade's debts.
Grande remains one of the most solid sports betting enterprises offshore. In fact, they are the oldest existing sportsbook operating since 1986.
Cascade has been in business since 2000 but Lenny previously ran one of the first shops in Costa Rica before taking his business "underground" in 1998 after a series of indictments were handed down against his colleagues. He was also a partner in the popular San Jose land-based casino, Club Colonial.
Cascade Sports post up business is nominal. Most of the clients bet on credit and through agents, accounting for significant volume.
July-06-2004
Majorwager is happy to announce that a deal has been reached between Cascade and a well known credit sportsbook located in the country of Costa Rica. The owner wishes to remain nameless at this point, however feel free to call Lenny, GM of Cascade, for those details. This backing will put Cascade back to where they once were.
Over the last 3 months, or so, there have been numerous rumours of the previous backers pulling out of Cascade. There were two people involved, Skip from Grande and the infamous Joey C. Of the two parties involved, players should be thankful that Grande (namely Skip) was one of them because had the other party had its way, Cascade would have closed and players more than likely would have had to wait to get paid. However, Grande did indeed stand good for all the debt of Cascade and for that we applaud them.
3/26/2007
Reports of prominent agents cutting ties with Cascade sports book are starting to surface. Industry insiders reported several cases of agents thinking of bailing from Cascade since couple of months ago.
Owed agents' patience, already running thin, is likely to be over as one prominent agent reportedly bailed Sunday.
Customers of Cascade’s primary agent received the call Sunday. The agent severed ties with the sports book because of the latest failed promise to settle past dues.
A similar scenario took place in the summer of 2005 after Grande's ownership withdrew their financial backing. The week long crisis ended when Delmar replaced Grande as financial backer of Cascade.
Delmar withdrew their financial and operational backing in January 2007, couple of months after agents' complaints had started to circulate within the industry.
Cascade then hooked up with the Horizon Group; however ties were once again severed less than 30 days after.
One of Cascade's two original partners retired, leaving the sports book's main man Lenny to handle this new crisis on his own.
The current landscape of the gambling industry is far from being enticing for financial investors; However Cascade's main man, Lenny, has proven to be resourceful in the past and might be able to pull a miracle again.Comment -
thanks Breaker for the news. Overall we still have so hope. Maybe they we get it before NFL seasons start.Comment -
A lot will change in the first few months of football because millions of American guys will realize Uncle Sam has become a lot more succesful in blocking them from funding their sports accounts, therefore needlesly denying them their weekly dose of excitement.
Where that will lead I have no idea, but a group that large might change the currently VERY passive online gambling climate around somewhat.
Whatever happens because of that could open up some avenues for Cascade to get out of this mess.
From the articles I posted above you can see they are pretty resourcefull and don't give up, so who knows?
Bigboydan writes that
"BetEmpire (SBR rating F) officially closed; stiffs players
The sportsbook's website displays a message saying that Empire has closed and that sister site, Superiorbook (SBR rating D+) "is offering players an opportunity to continue playing and keep their balances while using the same user ID and password... The notice, which is signed by manager Frederick Gray who left the company last month, makes no mention of the 15 time roll-over requirement for users who wish to make a withdrawal."
By now I'd happily roll over my Cascade bankroll 25x for the chance to withdraw.
Helmut, Scorpion or Suzysuzy, have you guys heard anything?Comment -
nah, i havent bothered calling in a long time. no point.Comment -
I just look at the front page and looks like they are still taking deposits?!?! If this is the case they can't be considered anything but a scam book now.... How can you take deposits and advertise "At the current time, payments will be made in 7 to 10 day time frames".. what BS...
I'm going to miss cascade this football season... then again I probably wouldn't play there again even if they got their problems behind them... (at least not for a very long time) Feel for those who have money there though, as if this would have happened last fall I would have to in exactly the same place...Comment -
I haven't call the for 1 month now. Keep checking back here to see any hope. Anyone get anything about them please post up.
ThanksComment -
Talked to Lenny few days back. He gave me some ridiculous story about his money being frozen in the Phillipines and Canada. He said his attorneys and bankers are advising him he should have access in mid-july and will start payments then. Do you get the impression he is to going to continue his story-telling until football season then attempt to steal deposits from others then possibly make some payments or worse yet just take the money and run, and what has he done with all the deposits he has taken since march when he stopped paying people.Comment -
I am not gonna begin to act like I know how this is gonna play out--but I have said this before:
The SBR guys know Lenny and live in his neck of the woods and have a relationship with him. I realize that can cut both ways. When they say it is over--it is over in my mind.
Until then....Comment -
Thanks for the update, KT
Over a month ago he told me the same thing, that he was waiting for money from Canada and other places, and that he was hoping to pay everybody off by mid-July.
I don't know if this will happen, but I do think he is trying to get money to pay everybody.
And wether that story sounds like an excuse or not, fact is we're all waiting for our money, US Neteller customers are waiting for money, even BoDog customers are waiting for money these days.
In other words, it is not inconceivable HE is also waiting for funds to become available.
With the current banking climate and the size of the sum he's waiting for it's not surprising this is not an overnight thing.
I don't think the amount of the post up money Cascade has received since March is more than low 5 figures, their live NCAA betting promotion was a bust.
I do think he was working on several projects and investments before that time, but that after Neteller went down the cashflow dried up so much he had to put those things on hold to keep Cascade afloat, and is now waiting to get his money back from those ventures to get back on track.
Again, when you pull out of a venture they might not give you your money back right away.
If he can't get any of that back things will probably get real ugly, but I do believe that if he does get sufficient funds available he will pay up.
A spokesguy for Cascade has explained at other forums that they were counting on funds in previous months and telling people they would get paid by certain dates, but that they had to reneg every time since the things they counted on fell through.
That would explain the lack of any concrete info when you call them up, and also points to that they're trying to solve this in a positive way.
So, no, I don't think he is waiting to grab some NFL deposits and run, but only time will tell what the outcome will look like.Comment -
lies on top of lies...Comment -
I didnt give Lenny my money to invest in different ventures in various countries. I gave him the money as collateral to bet on the ncaa sweet 16. He needs to send the several thousand I used as collateral and the several hundred I won in accordance to the 7 -10 day turnaround that he has posted on his website. 5 or 6 different excuses and several broken promises to pay later I am still waiting.Comment -
Anyone think they are stalling till post up time for football season? Surely this can't be enough to bail them out of this mess... really sick that such a highly rank book would look at thier players' funds as venture capital... makes you wonder how many books actually keep there funds in the isolated account BS... Like I said I was a big fan of Cascade "back in the heyday" (9-10 months
) I don't think I could play again for a hell of a long time now...
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Personaly I think it's the risks they took with their creditplayers that ****ed them, not so much other investments.Comment -
Post 64 in this thread is quite a laugh. LOLComment -
Why?
You don't believe there's a chance Lenny might actualy be waiting for funds to be freed up by July/August so he can pay?Comment
