Luke goes back to jail...

[touchback]

Looks like a bad week for Luke, one of the alleged owners of the Legends sportsbook service. He has been determined to be a flight risk by the judge because of his ties to Panama and Costa Rica as well as having substantial offshore assets and nothing in Oklahoma. So the judge revoked his $2.5 million dollar bond and is making him sit in jail until his court date. https://www.bookmakersreview.com/boo...-service/48496 Man, sucks to be Luke right now...

[goombah]

Just curious what is the fallout of Legendz. What is the future state of offshore industry? Any opinions touchback?

[touchback]

Goombah... it is not looking great. I see more consolidations and downsizing happening right now. YouWager just consolidated their offices that were in three buildings down to one. Bonuses from well known or well established shops will be reduced even more. You will be left with new startups that are shaky at best to most likely get a big bonus because they are desperate for a customer base. Expect to see services collaring guys faster and that it will take even longer to get withdrawals that are over a dime. P2P will still be pretty fast for a while just because it is easy to push out $800 and advertise that you still do fast payouts. Last but not least you might see lower limits on propositions and or derivatives to minimize house exposure. Overall... just getting worse and some of the services that have been on shaky ground for a while are not going to make it. It is a bad sign when their employees or ex employees come on the forums and preach their collapse soon. Going to be a shake out in the next 90 days and we will see who is left standing for the next NFL season.

[David Purdum]

It is a bad sign when their employees or ex employees come on the forums and preach their collapse soon. Going to be a shake out in the next 90 days and we will see who is left standing for the next NFL season.

touchback ... can you point me to the thread where employees of the books are talking about their collapse? Thanks.

[poker6469]

i heard rachel works at safe way now as a cashier

heard after all those years at ledgends didnt get no severance pay or nothing,thats ****** my friend that worked over at thepig.com sports books years ago told me.

[lecubs28]

Goombah... it is not looking great. I see more consolidations and downsizing happening right now. YouWager just consolidated their offices that were in three buildings down to one. Bonuses from well known or well established shops will be reduced even more. You will be left with new startups that are shaky at best to most likely get a big bonus because they are desperate for a customer base. Expect to see services collaring guys faster and that it will take even longer to get withdrawals that are over a dime. P2P will still be pretty fast for a while just because it is easy to push out $800 and advertise that you still do fast payouts. Last but not least you might see lower limits on propositions and or derivatives to minimize house exposure. Overall... just getting worse and some of the services that have been on shaky ground for a while are not going to make it. It is a bad sign when their employees or ex employees come on the forums and preach their collapse soon. Going to be a shake out in the next 90 days and we will see who is left standing for the next NFL season.

obviously betmania/betphoenix are in trouble. any other books you'd urge to be cautious about over the summer?

[BrianLaverty]

obviously betmania/betphoenix are in trouble. any other books you'd urge to be cautious about over the summer?

Bet Phoenix has looked like they've been "in trouble" for years... Never heard of them not paying anyone though.

I haven't played with them since Richard left years ago and my limits were cut with an annoying 20 second delay though so maybe I missed it.

[the_orangekat]

The US economy and the dollar are getting ready to crash, off shore outlets failing will be the least of most of our problems. Hope you all have gold and silver (and a fire arm or two)

[retard]

The US economy and the dollar are getting ready to crash, off shore outlets failing will be the least of most of our problems. Hope you all have gold and silver (and a fire arm or two)

[touchback]

The US economy and the dollar are getting ready to crash, off shore outlets failing will be the least of most of our problems. Hope you all have gold and silver (and a fire arm or two)

I have been hearing that they are limiting ammo purchases and that state and federal agents have been acquiring as much as they possibly can source out of retail outlets which has diminished what is actually available to run of the mill citizens. HHMMM not looking good...

[touchback]

Spiro just hired one of the biggest legal counsel guns in the US... guess he is a little worried about that $3 million dollar loan to Luke King 10 years ago to jump start Legends. Not sure how this is going to play out since it may be more than just a real estate deal...

[David Purdum]

Spiro just hired one of the biggest legal counsel guns in the US... guess he is a little worried about that $3 million dollar loan to Luke King 10 years ago to jump start Legends. Not sure how this is going to play out since it may be more than just a real estate deal...

Who did he hire?

[touchback]

Who did he hire?

Heavy weight Robert Goldstein... they guy is like Johnnie Cochran in white collar criminal defense.

[David Purdum]

Thanks, touchback. Funny that with all the details they have on Spiros, not one mention of his real shop.

[pier0]

Heavy weight Robert Goldstein... they guy is like Johnnie Cochran in white collar criminal defense.

I wonder where you read about Goldstein...oh wait, the same site where you read that Luke went back to jail.

And now I bet you are wondering what happened at today's hearing.

[touchback]

I wonder where you read about Goldstein...oh wait, the same site where you read that Luke went back to jail.

And now I bet you are wondering what happened at today's hearing.

Buddy Pier... ur right. I referenced you up top but I accidently hit enter before getting you on again and SBR thinks I am special and will not allow me to edit posts. I saw it at Book Makers Review...

[touchback]

But do not feel too bad.... guys are now ripping my content and posting it as their own. So I know how it feels but it does not really bother me, it is more of a compliment but then again I do not officially report for a website so I guess it is not the same as you.

[touchback]

Thanks, touchback. Funny that with all the details they have on Spiros, not one mention of his real shop.

HAHAHAHAHAHAHAH David, guess we all know who you are referring too, right. Hey Pier, yes... we are wondering what happened at the trial. Do you think you could update us, would appreciate it buddy. Thanks... I really like your content.

[Rainbow]

HAHAHAHAHAHAHAH David, guess we all know who you are referring too, right. Hey Pier, yes... we are wondering what happened at the trial. Do you think you could update us, would appreciate it buddy. Thanks... I really like your content.

It was only an arraignment... No one is pulling for Spiros anymore than me...

[timbaland99]

What's your connection to Spiro? How come you're pulling for hm?

[Kaplan]

I have been hearing that they are limiting ammo purchases and that state and federal agents have been acquiring as much as they possibly can source out of retail outlets which has diminished what is actually available to run of the mill citizens. HHMMM not looking good...

Don't believe everything you hear Son.

[Rainbow]

What's your connection to Spiro? How come you're pulling for hm?

I've been knowing him for 22yrs, he's like a brother to me.

[touchback]

Hey Rainbow... how you doing buddy. I also really like some of your content. Not sure if this was supposed to be a secret but Rainbow was one of his top line guys for like forever at the Greek over in Jamaica. Hope I did not let the cat out of the bag...

[touchback]

Rainbow, by the way.... did you get hooked up with a trading position yet in CR. I hopes so... it is tuff out there right now. I know a place that threw a CSD position up recently on Craigslist for a CSD position and it starting getting a hundred hits an hour. Good luck too you.

[Rainbow]

Hey Rainbow... how you doing buddy. I also really like some of your content. Not sure if this was supposed to be a secret but Rainbow was one of his top line guys for like forever at the Greek over in Jamaica. Hope I did not let the cat out of the bag...

Its no secret, most already knew. The olden days are over for me. They mostly hiring locals to copy off the screen...LOL...

[JohnnyC]

Rainbow, any insight to what's goin on over at thegreek.com?

[touchback]

Its no secret, most already knew. The olden days are over for me. They mostly hiring locals to copy off the screen...LOL...

Right, just not the same as having a pro like you profiling all the customers and squeezing every penny out of them. Good help is hard to find and now some of the management crews around here do not even know what good help is. Guy like you can add a couple points too a houses hold average let alone cut mistakes the average line team makes in half.

[touchback]

PS... give us one of your good threads man...

[dmiles1021]

wait whats up with youwager?

[PAULYPOKER]

Luke has become a liability.........

[PAULYPOKER]

Back in the day this fukk wouldn't of made it to jail the 1st time let alone the 2nd...........

Fukken city pussy boys trying to do a mans job......

[David Purdum]

Spiro pleaded not guilty on Friday and was released. Part of his release stipulations -- No gambling.

[sideloaded]

Spiro pleaded not guilty on Friday and was released. Part of his release stipulations -- No gambling.

well the greek is still taking bets so I guess he wasnt being truthful

[touchback]

Hey Pier or Rainbow... any commentary on the release stipulations of NO GAMBLING for Spiro yet the Greek is still taking action. Was thinking this is surely a bit of a pickle for Spiro... maybe the closure and movement of all players is in the near future for The Greek... or does this stipulation of NO GAMBLING not apply because The Greek has no US customers anymore. Considering the US disregard for international law and sovereign nation legislation I would think this is an issue...

[pier0]

Hey Pier or Rainbow... any commentary on the release stipulations of NO GAMBLING for Spiro yet the Greek is still taking action. Was thinking this is surely a bit of a pickle for Spiro... maybe the closure and movement of all players is in the near future for The Greek... or does this stipulation of NO GAMBLING not apply because The Greek has no US customers anymore. Considering the US disregard for international law and sovereign nation legislation I would think this is an issue...

That "no gambling" is intended for him so while on bail he cannot go to a casino or place bets for himself, just like he's not supposed to drink and use drugs while on bail. I wouldn't read anything else into that.