Legends Sports player balances to be assumed

[SBR Forum]

Legends Sports (SBR rating A+) gaming license has been revoked in Panama. As a result, Legends has ceased accepting wagers and is in the process of implementing their contingency plan having player funds assumed by an A rated sportsbook. Players will be contacted within 48 hours with new account information. A minimal 2X play-through will be required prior to any cashout. This balance takeover is for players that held deposited funds with Legends; not users that had private arrangements.

[RonPaul2008]

2x playthrough? That's not right...

Will this mean if the person already has funds at the book being transferred to that they won't be able to withdraw from the balance already at the book & have to wait until the transferred funds are rolled over?

[Smoke]

Knew this was coming

[tblues2005]

I see it as another way of getting their business with another book that is at least honest with their clients.

[SBR Forum]

For a sportsbook to assume the balances, just a 2X play-through is very reasonable. You're talking about an unrelated company essentially doing a bailout for the good of the industry.

[Frisco]

For a sportsbook to assume the balances, just a 2X play-through is very reasonable. You're talking about an unrelated company essentially doing a bailout for the good of the industry.

Exactly.

[tuckman]

For a sportsbook to assume the balances, just a 2X play-through is very reasonable. You're talking about an unrelated company essentially doing a bailout for the good of the industry.

That seems genuine if your saying Legends was not planning on paying any balances and is completely broke from all funds being seized. Is that the case?

[Squared Box]

It's not a bailout, Legends isn't broke.

The 2x rollover isn't a big deal to be but don't act like the sportsbook taking things over is going lose money taking over these accounts.

[darkhat]

Tuckman is blade sharp

[tuckman]

It's not a bailout, Legends isn't broke.

The 2x rollover isn't a big deal to be but don't act like the sportsbook taking things over is going lose money taking over these accounts.

2X rollover is ridiculous if this is indeed not a "bailout" which I highly doubt to be the case.

[Legions36]

No one is ever happy with anything even in a sad story like what is going on. Not like they planned on things going down like this, at least your money is safe. Stop complaining and just move on, u will probably get better baseball lines at the other shop anyway.

[Frisco]

It's not a bailout, Legends isn't broke.

The 2x rollover isn't a big deal to be but don't act like the sportsbook taking things over is going lose money taking over these accounts.

There's some risk for whatever book decides to take these accounts over. I'm sure they'll come out on top though

[stevex]

Legends Sports (SBR rating A+) gaming license has been revoked in Panama. As a result, Legends has ceased accepting wagers and is in the process of implementing their contingency plan having player funds assumed by an A rated sportsbook. Players will be contacted within 48 hours with new account information. A minimal 2X play-through will be required prior to any cashout. This balance takeover is for players that held deposited funds with Legends; not users that had private arrangements.

When you say there license was revoked....

What about other U.S. facing books that operate in Panama? What will happen with them? Or were they the only one in Panama?

[Frisco]

No one is ever happy with anything even in a sad story like what is going on. Not like they planned on things going down like this, at least your money is safe. Stop complaining and just move on, u will probably get better baseball lines at the other shop anyway.

Too many whiners.

[spankie]

gambling

[darkhat]

balances transferred to..

7redsports -2000
betlatina -1700
heritage +800

[gauchojake]

Nothing to see here. Business as usual.

[High3rEl3m3nt]

So, did Legends go bust? That would be the only scenario where requiring a rollover on funds is acceptable.

[RonPaul2008]

Are withdrawals already in the pipeline going to be paid by legends or assumed by the new book?

[gauchojake]

SBR Rating A+

[TheCentaur]

For a sportsbook to assume the balances, just a 2X play-through is very reasonable. You're talking about an unrelated company essentially doing a bailout for the good of the industry.

No it isnt reasonable and this isnt whining. If I am trying to get my funds out of offshore I don't want a 2x rollover somewhere else I just want my money if they have it. Also had a check en route which will probably bounce now or some fiasco

[Squared Box]

If it's a solid book like Bookmaker or 5dimes, I'll live with the 2x rollover. Certainly beats the alternative.

[TheCentaur]

Are withdrawals already in the pipeline going to be paid by legends or assumed by the new book?

[Chi_archie]

wow just wow

[sweep]

sweeper knows....

First Fidelity group & CRIS are currently battling each other to obtain these accnts/balances .....nice to be on the inside.

Should know soon who gets'em

[High3rEl3m3nt]

Square, what would be the alternative? Without knowing the whole situation, the alternative could be getting paid. If Legends is busto, then that's another story.

[RonPaul2008]

Legends Sports (SBR rating A+) gaming license has been revoked in Panama. As a result, Legends has ceased accepting wagers and is in the process of implementing their contingency plan having player funds assumed by an A rated sportsbook. Players will be contacted within 48 hours with new account information. A minimal 2X play-through will be required prior to any cashout.This balance takeover is for players that held deposited funds with Legends; not users that had private arrangements.

Does that include funds already at the receiving sportsbook?

[BigDeem5]

Legends was a mickey mouse shop from the beginning

[darkhat]

First Fidelity group & CRIS are currently battling each other to obtain these accnts/balances .....nice to be on the inside.

Should know soon who gets'em

[raydog]

If it's a solid book like Bookmaker or 5dimes, I'll live with the 2x rollover. Certainly beats the alternative.

dont believe it will be either... and no, legends isnt broke from money being seized...lolz

[High3rEl3m3nt]

Exactly, I guarantee there's a deal being made and Legends is going to profit on this sale. I bet the company in question is going to pay a fraction per dollar and Legends keeps the rest. Rollover ensures that the book to be named profits on this too. SBR, here's your chance to regain some credibility.

[mighty maron]

SBR Rating A+

that does seem high now

[Speedy88]

There goes another offshore book.

[RonPaul2008]

First Fidelity group & CRIS are currently battling each other to obtain these accnts/balances .....nice to be on the inside.

Should know soon who gets'em

Not familiar with First Fidelity and don't see them in the rating guide. Legends note says an A rated book. Bookmaker (or Heritage) would be fine, First Fidelity would not be cool.

[darkhat]

Not familiar with First Fidelity and don't see them in the rating guide. Legends note says an A rated book. Bookmaker would be fine, First Fidelity would not be cool.

first fedility is youwager