Legends Sports player balances to be assumed

[Smoke]

So do credit players get the shaft?

[shari91]

The move to Heritage would be vexing in this way. When the greek transfered accounts to Heritage..you could cash out immediately with no rollover.

Legends move to Heritage would involve a 2x rollover. If spiro was involved in this then in my mind it should be similiar to the Greek move with no rollover requirements.

What has happened is that legends customers are going to pay for the company's decision to risk having assets and business relations within the geographic USA. The customers balances are in jeopardy by this 2x requirment for rollover by the decisions that Legends made.

2x is not a large requirment but more than a few people will see a lower balance or significant loss of funds by this requirment. This is essential a "stupid" tax for legend's decision to do what it did and retain assets within the geographic USA

Remove the rollover

I've never been to this other forum before today when I was told to go check out a post made by a mod there that I'm familiar with. It starts with 'a' for those interested.

Anyway, they explain the differences between The Greek's move to Heritage/BetJam shutdown better than I can:

"I learned last night that that the only reason Spiro was indicted is because he had ties to Legendz. The reason he shut BetJam, made Greek all International and moved US players to Heritage was he reached an understanding with the DOJ that if he pulled out of the US the Government would not go after him. Now we Know the DOJ is a lying piece of shit (well we already knew that) and the Indicted and involved him because he had a stake in the building that Legendz was in. NEVER has The Greek been a part of Legendz Sportsbook. He helped build the building as he was going to move his operations eventually to Panama and out of Jamaica. Dipshit Feds tied him into the sportsbook part of it. Spiro has not had agents in the States and never wanted to go that route...

I knew about the building, etc for years .. but didn't know about the agreement to pull out of the US but figured as much as there was no other reason to do it.."<!-- google_ad_section_end -->

[spankie]

I wonder if Loshak will do a recap with Doc this weekend.

[Smoke]

I wonder if Loshak will do a recap with Doc this weekend.

You mean the lion

[touchback]

The move to Heritage would be vexing in this way. When the greek transfered accounts to Heritage..you could cash out immediately with no rollover.

Legends move to Heritage would involve a 2x rollover. If spiro was involved in this then in my mind it should be similiar to the Greek move with no rollover requirements.

What has happened is that legends customers are going to pay for the company's decision to risk having assets and business relations within the geographic USA. The customers balances are in jeopardy by this 2x requirment for rollover by the decisions that Legends made.

2x is not a large requirment but more than a few people will see a lower balance or significant loss of funds by this requirment. This is essential a "stupid" tax for legend's decision to do what it did and retain assets within the geographic USA

Remove the rollover

The 2x rollover is more of an emergency measure in the sense that this was unplanned and it is to stall an immediate run on the (massive payout request) new service that will have many resources focused on supporting the transfer of the customer base as well as the time of year it could put a huge strain on set processing capabilities and projected forecasts. Meaning they had an idea of projected payouts and had certain amounts of liquidity on hand to accomodate the maximum forecast, this would be a huge customer base absorbtion that a run could not be supported in a timely manner. This is not really a tax or way to make money off the players technically... IMHO

[Frisco]

5dimes is now on the clock

Not wrong thread

Mindless speculation or is there a point being made here?

[Frisco]

The 2x rollover is more of an emergency measure in the sense that this was unplanned and it is to stall an immediate run on the (massive payout request) new service that will have many resources focused on supporting the transfer of the customer base as well as the time of year it could put a huge strain on set processing capabilities and projected forecasts. Meaning they had an idea of projected payouts and had certain amounts of liquidity on hand to accomodate the maximum forecast, this would be a huge customer base absorbtion that a run could not be supported in a timely manner. This is not really a tax or way to make money off the players technically... IMHO

I agree. I'd just be happy that my money is safe for the time being.

[touchback]

won't be to hertitage because they don't accept uk players

Heritage goes from open registration to invite only at the drop of a hat. Same could be said or possible to taking on Euro players, at any moment they could say we take UK players. On a deal like this it could happen...

[darkhat]

So do credit players get the shaft?

yes, big time

[BIGDAY]

Business as usual.

[darkhat]

You mean the lion

[Scorpion]

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

i agree

[Scorpion]

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

[milwaukee mike]

Business as usual.

that can be arranged to say

unusable ass is us

anus bus uses sail

ALL ABOARD THE ANUS BUS!

[mighty maron]

Heritage is betjam reincarnate...

Legends will be heritage also

The rollover may be a necessary emergency plan to forestall a run on the bank so to say.


Ask yourselves this: The DOJ is getting the blame for going back on some sort of deal involving the Greek two years ago. Does your opinion of the situation change if the DOJ got wind thru the Skype taps that the owner of the Greek had more of an interest in Legends than just the building?

If the assests were out of the geographic USA then blame the DOJ all you want. Legends/Spiro made the choice of the riskier business model of keeping assets in the USA. Honor among theives..I dont beleive so...of course the DOJ is going to go after those funds in a cookie jar within their reach.

Any other book other than 5dimes or Cris books and you have to question on what level is Spiro still involved

A GD mess this is

[djefferis]

Gotta be Heritage in my mind..or Bovada

Bottom line, if you left cash in there during all of this...be very happy with 2x ro and solid backing. Alot of people in this industry would have been long gone with your funds. This is why they were A rated.

[seaborneq]

I'll take the immediate payout if its available even if there is a penalty. I don't want a 10% anything to leave my money in another book. I hope that is an option. Immediate withdrawal. I am sick of this shit.

[Iwinyourmoney]

Man I miss living in St. Louis and eating Imo's pizza. Anyone ever have it?

I goto STL all the time and that place is always my first stop!

[RonPaul2008]

2x rollover is not a big deal (unless limits are an issue), but players who have funds at both legends and the other A rated book should be free to withdraw the funds already at the other book without any rollover required. This is something that should be addressed.

[RonPaul2008]

Someone at Heritage, when asked if they were taking over legends accounts, says they are waiting to hear from management.

[mighty maron]

Someone at Heritage, when asked if they were taking over legends accounts, says they are waiting to hear from management.

While it is almost for certain Heritage...first tier customer service might suffer from ESL syndrome.

Who in the world did not know that the greek/betjam was also Heritage? the interest/stake or property that they had in Legends is interesting...

How inter-related are all of these books?

On a seperate not...I would love to hear what Blackie has to say on this

[d2bets]

I'll take the immediate payout if its available even if there is a penalty. I don't want a 10% anything to leave my money in another book. I hope that is an option. Immediate withdrawal. I am sick of this shit.

Maybe they'll allow transfer to another player who could pay you cents on the dollar for the account balance subject to rollover?

[d2bets]

2x rollover is not a big deal (unless limits are an issue), but players who have funds at both legends and the other A rated book should be free to withdraw the funds already at the other book without any rollover required. This is something that should be addressed.

Once the transferee book is announced, just ask them, before the funds are transferred.

[RonPaul2008]

Once the transferee book is announced, just ask them, before the funds are transferred.

One withdrawal could be only a small portion of somebody's balance.

[shari91]

Heritage is betjam reincarnate...

Legends will be heritage also

The rollover may be a necessary emergency plan to forestall a run on the bank so to say.


Ask yourselves this: The DOJ is getting the blame for going back on some sort of deal involving the Greek two years ago. Does your opinion of the situation change if the DOJ got wind thru the Skype taps that the owner of the Greek had more of an interest in Legends than just the building?

If the assests were out of the geographic USA then blame the DOJ all you want. Legends/Spiro made the choice of the riskier business model of keeping assets in the USA. Honor among theives..I dont beleive so...of course the DOJ is going to go after those funds in a cookie jar within their reach.

Any other book other than 5dimes or Cris books and you have to question on what level is Spiro still involved

A GD mess this is

You are not understanding what was said. I responded to you earlier with that quote from elsewhere because for some reason you think what happened with BetJam accounts should apply to Legends accounts ie no rollover. You do this every single time any issue arises, usually followed by a claim that you're never returning to SBR again. Countless times.

You were given the reason why there wasn't a rollover in the first instance. I even used someone else's words to blatantly spell it out for you. If you don't understand the difference between the 2 situations no one can help you. Legends - not Spiros - has secured a 2x rollover for accounts being transferred after they lost their licence to operate. Up until then they were still paying out after the indictments. They had a Plan B just in case the worst case scenario happened. It has and now this is the result. Not sure if you have an active, funded account at Legends but anyone who does who has a clue about this industry should be dancing in the streets right now. Much better than the ridiculous offers I've seen bandied around for less serious scenarios. 15x rollover after 50% cash deposit anyone?

[BigDeem5]

Hope heritage doesn't take these legends idiots on.

[raydog]

thread is cracking me up...from people who have no clue who the head linesman is to what is happening with credit player money...some people just like to post

[RonPaul2008]

Bookmaker or heritage or both.

[shaunovery]

Bookmaker or heritage or both.

can't be heritage they don't accept uk players

[acarmelo1]

What does the linesman has to do with the owner?
I mean you just get hired to do a job, you do it. Is not like he was the owner of the company XD

[RonPaul2008]

can't be heritage they don't accept uk players

What makes you think UK players will be sent to the same place as US players?
Unless Greek is closing down then non-u.s. will probably be sent there.

[milwaukee mike]

You are not understanding what was said. I responded to you earlier with that quote from elsewhere because for some reason you think what happened with BetJam accounts should apply to Legends accounts ie no rollover. You do this every single time any issue arises, usually followed by a claim that you're never returning to SBR again. Countless times.

You were given the reason why there wasn't a rollover in the first instance. I even used someone else's words to blatantly spell it out for you. If you don't understand the difference between the 2 situations no one can help you. Legends - not Spiros - has secured a 2x rollover for accounts being transferred after they lost their licence to operate. Up until then they were still paying out after the indictments. They had a Plan B just in case the worst case scenario happened. It has and now this is the result. Not sure if you have an active, funded account at Legends but anyone who does who has a clue about this industry should be dancing in the streets right now. Much better than the ridiculous offers I've seen bandied around for less serious scenarios. 15x rollover after 50% cash deposit anyone?

i love it when shari gets condescending to the sbr customer base

can you imagine going into macy's and asking them about a shirt, asking a question or saying "i don't think i like the green one" and the employee tells you that you don't have a clue about fashion

[shaunovery]

What makes you think UK players will be sent to the same place as US players?
Unless Greek is closing down then non-u.s. will probably be sent there.

already have Greek us uk players will not have any new places to go

[RonPaul2008]

already have Greek us uk players will not have any new places to go

A lot of people have accounts at multiple A books, so you won't be alone.

[MBENZ]

I pulled a partial amount out of Legends last week.If they are sending me to Bookmaker or Heritage I have no problem with that since I already have accounts and the 2x roll should only be on my Legends funds.The game we play is full of twist and turns and this is just another before the next one.