5.25.2005 (12:36 PM CST)
SBR COSTA RICA OFFICE REPORTS: GrandCentral Sports(SBR rating D+) dba Mybookie proves why private oversight of the offshore sportsbook industry is insufficient to protect players.
MyBookie forced a player, allegedly by suggesting they may stiff him out of his entire balance, to accept .30 on the dollar, a move that cost the player $85,000. Except for SBR and little known TOW, none of the so-called player advocate sites have even reported this incredible theft. This is easily the largest sportsbook theft case of 2005. Lawmakers in North America will undoubtedly use this theft as an example of how vulnerable players are to unregulated sportsbooks. SBR has repeatedly called for GCS to pay the player or show cause why he should not be paid. Sources in Costa Rica have told SBR that because the only major website that took up the players’ cause was SBR that GCS felt they got away with minimal backlash.
However, many respected operators here in Costa Rica are disgusted with the forced theft. One operator complained publicly and privately that even SBR was not doing enough to pressure this book to settle in full with the player. Operators here recognize that these types of theft will be the beginning of the end for the sportsbook industry.
SBR’s position is clear: Pay the player or show cause as to why $85,000 was confiscated. Failure to do so will result in the possibility of an SBR Scam Warning press release as well as a possible downgrade to the SBR Blacklist.
SBR COSTA RICA OFFICE REPORTS: GrandCentral Sports(SBR rating D+) dba Mybookie proves why private oversight of the offshore sportsbook industry is insufficient to protect players.
MyBookie forced a player, allegedly by suggesting they may stiff him out of his entire balance, to accept .30 on the dollar, a move that cost the player $85,000. Except for SBR and little known TOW, none of the so-called player advocate sites have even reported this incredible theft. This is easily the largest sportsbook theft case of 2005. Lawmakers in North America will undoubtedly use this theft as an example of how vulnerable players are to unregulated sportsbooks. SBR has repeatedly called for GCS to pay the player or show cause why he should not be paid. Sources in Costa Rica have told SBR that because the only major website that took up the players’ cause was SBR that GCS felt they got away with minimal backlash.
However, many respected operators here in Costa Rica are disgusted with the forced theft. One operator complained publicly and privately that even SBR was not doing enough to pressure this book to settle in full with the player. Operators here recognize that these types of theft will be the beginning of the end for the sportsbook industry.
SBR’s position is clear: Pay the player or show cause as to why $85,000 was confiscated. Failure to do so will result in the possibility of an SBR Scam Warning press release as well as a possible downgrade to the SBR Blacklist.
