Canbet
Hi, could you add me to your list please.
Account Number: 1163315
Amount owed £730.00.
Hi, could you add me to your list please.
Account Number: 1163315
Amount owed £730.00.
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Canbet
Hi, could you add me to your list please.
Paul Smith.
Account Number: 1163315
Amount owed £730.00.Comment -
We're closing in on youComment -
Update regarding complaints and requests for information about Canbet
15 April 2014Background
Following a gradual build up of enquiries, we first made contact with Canbet regarding their position at the end of October, 2013. Since then we have kept in close touch with the company whilst they try to resolve matters.
In November we were assured by Canbet, and by their legal advisor, that they were working to rectify the issues. We also received assurances from the Group Auditor who confirmed that the iGAS group, of which Canbet is part, had assets to more than meet their liabilities. A number of players were still being paid at this point.
The backlog of customer payments continued up until the end of December when the decision was taken by Canbet to cease taking any new bets or deposits, so no new money from customers was put at risk after this point. We understand that this still left a number of customers in the position of being owed money.
In January, we received some further assurances about Canbet’s financial circumstances, including a further report from the company’s Group Auditor, dated 24 January 2014. At this point Canbet’s Directors were seeking to gain additional capital from their parent company. This has not been realised and we understand that Canbet are now looking to sell assets within the company to raise the cash needed to pay their creditors.
@gamblingcommission
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Canbet
Thats it then, we aint gettin nothing!
Thieving Tossers!!!!Comment -
Hello Please add me also in the list:
Name: Pau Radu Nicolae
account nr 1133395
Ammount EUR 342.90.Comment -
Canbet
I've only just read this news about Canbet. I tried to withdraw my money back in December 2012, which they eventually 'activated' but did not pay out. Since the website has been closed down, so I have no contact details, can someone please suggest how I can get my money back?Comment -
Hey Shari, any chance of an updated list of people owed money off canbet.
Cheers.
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Just sent this to the Chair of Australian Consumer Law.
Hello, Although I am a bit late in asking this question I wonder if you can answer it anyway? I notice on your website that March 2nd was Cleanup Australia Day and would like to ask if anything was done in cleaning up the betting industry, namely Peter Lord and Graeme White regarding Canbet. The amount owing to their worldwide members must be in excess of 3,000,000 Australian dollars....yes THREE MILLION....by now and probably rising by the day.
Snippet from the...please try not to laugh...UK Gambling Commission:
Following a gradual build up of enquiries, we first made contact with Canbet regarding their position at the end of October, 2013. Since then we have kept in close touch with the company whilst they try to resolve matters. In November we were assured by Canbet, and by their legal advisor, that they were working to rectify the issues. We also received ASSURANCES from the Group Auditor who confirmed that the iGAS group, of which Canbet is part, HAD ASSETS TO MORE THAN MEET THEIR LIABILITIES. In January, we received some FURTHER ASSURANCES about Canbet’s financial circumstances, including a further report from the company’s Group Auditor, dated 24 January 2014. At this point Canbet’s Directors were seeking to gain additional capital from their parent company. This has not been realised and we understand that Canbet are now looking to sell assets within the company to raise the cash needed to PAY THEIR CREDITORS.
Yours "feeling robbed" sincerelyComment -
The UK Gambling Commission can't even get simple facts correct. It wasn't October 2013 when they were first made aware of issues with Canbet, but September - by me and at least one other. Seems they will do all they can to avoid any responsibility in this matter.
So, aside from accepting annual fees from bookmaking operators and being totally ineffectual when one of them hits the wall, can someone please tell me the point of their existence?Comment -
Obviously no point. Although I am destroyed financially from Canbet fraudsters, if become necessary, I will contribute enough money (for lawyers or other court costs ), just to see those thieves in jail. No one can't f@ck with me on that way. Justice must be satisfied. Hopefully ASIC investigation will get some results, which can help to fraudsters finish in jail, because it is clear that canbet have no intention to give us our money.Before a 1,5 months they told to us that Canbet will be back soon and canbet is undergoing upgrade. Today we have nothing new, site is disappeared along with our accounts and money on them. Can someone call gambling commission for update? Can SBR administrators contact canbet for update?
I am sick from sending mails.Comment -
I think maybe the Gambling Commission isn't the real culprit many are making them out to be?
Seems to me that the government hasn't given them the power or resources to do what is needed to be able to regulate the industry the way we'd like to see it done?Comment -
The apartment Graeme White had been living in was sold for AUD$645,000.
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Quite possibly. However, they do receive substantial payments from wagering operators, which should at least enable them to provide a basic caution to punters when they are first notified of an issue by multiple players. Instead, it was left to myself and a handful of others to alert prospective punters in forums and social media about what was going on with Canbet. The Gambling Commission simply sat on their hands until the end of 2013. And ever since they have been distancing themselves from the matter at every opportunity. Which begs the question, if they didn't have the resources, what were they doing corresponding with Canbet directors and the auditor in the first place? Only to keep most of these interactions from the general public when FOI requests were made.
No, they weren't the proponents of this scam. However, by proclaiming to be the regulator of bookmakers licensed with them, when are we going to see them actually give a hoot about what has taken place under their watch?Comment -
They are an industry funded self regulator.
Whether you blame them or the govt, they are obviously simply a ridiculous show piece and need to be abolished in favor of an actual govt regulator.
Think we need a national regulator in Australia to oversee these dodgy state bodies that are also quite obviously in the pocket of those that fund them too..Comment -
hello guys
i waiting a payout from canbet
are you doing a list?
my account: 1067150
amount: 1039.50 eurComment -
Until the 2005 Act, the Gaming Board, predecessor to the Gambling Commission used to be funded by direct grant by the Home Office. Money from gaming licences were paid by operators to the Home Office. The grant was supposed to be roughly equivalent. Having the fees paid to the Commission is analogous to the way that the BBC now collects the TV licence fee itself rather than the government and is done to reduce admin cost, amongst other things.Comment -
£6grand am owed, and am now starting to realise will never see again....I'd naively assumed that the UK gambling industry would try to sort this out, to maintain the current success & 'integrity' of everything ....ie they all, from bookies to lotteries, boast of being regulated by them...but we all know now this means absolutely nothing, bar that they employ hundreds of staff whom will only call an operator & just simply take their lying word that they have enough dosh to pay & will. The cynics will say I'm exagerrating...but I honestly don't know what else this Gambling Commission has done apart from 'seek assurances' which were obviously false....not exactly the police the industry pretends to have.
And for the record...ive been gambling long enough to know pretty damn sure they've thieved our money...something the clueless spotty clerks at the commission wouldn't..my 6k loss is a result of a run of wins after a single email out of the blue, offering me a 500 bonus if deposited 500..something neither canbet nor any other sports bookie had done since before the credit crunch. thats too much of a co-incidence. must be great to be able to send out an email, receive $millions...then bugger off. More the fool me I suppose to think decent offers were back, even if it was a 10 or 20 times wagering requirement...i didnt mind at the time as enjoyed my winning streak.
What irks me more is the whole integrity of this commission is destroyed, for what - an hour's profit of the industry - yet none have even considered sorting this out...presumably the wrong people have been swindled, in that not provided sufficient publicity.Last edited by tristan727; 04-26-14, 02:10 PM.Comment -
OK people. They try to take our money, and we will try not to aloud them.
Lets see what we need to do next.
Maybe they will escape this this time. But world become global village and sooner or later I will find some of those people. Than I will take my money+expanses.
Till then lets see what options we have for now.
Shari can you just tell as what in your opinion is best to do now?
Time is going away, and it will be much harder to take money after year past or so.
I would like that someone from Australia give us here more private data about those people who are behind this game. I have some friends in Sydney who can try some alternative methods of negotiating.
Who is responsible in Australia for controlling a market? Which institution? Do they still working there?
Which police is responsible for that area?
I will be glad to get those data.Last edited by pajo1206; 04-28-14, 08:31 AM.Comment -
Hopefully investigation will get some results, they can not hide for a whole life, someone will find them at the end and adjudicate on some way. Before two months they told to us that canbet will be back soon, and it was one more lie in a row, as we can see. They just lie from the start of this shit and nothing more than lie. No one of their statements was true, no one. Of course Gambling Commission don't have any intention to inform us what is current situation, or to explain why bookmaker, which is regulated by them, continue to lie their customers. We are two months without any update, and that makes me very mad.Comment -
Somehow I was banned from this forum, I suspect it had something to do with my last post on this thread, which seems remarkably unfair.
I know it's nothing to do with Canbet but it appears Betbutler are also going the same way.
Amazingly, if you read the Gambling Times article about them, they actually published that Betbutler said the GC had visited their offices and were happy with the finances. This caused the GC to have to contact the website and ask them to amend the article because it was not accurate.
It's astonishing that a website can be brazen enough to falsify some approval and the Gambling Commission offer it no punishment at all, but these are the standards were are dealing with. My nagging suspicion would be that the GC gave it's 'Canbet has more assets than liabilities' line on the flimsiest of auditor reports which said nothing of the sort (otherwise why release information that gives more questions?)
Even as of today, Canbet has a valid UK licence from the Gambling Commission. Staggering stuff.Comment -
The latest update from SBR:
Alas, nothing new.Comment -
Please add me to the list:
Account Number: 982925
Ammount: 920,00 Euro
Thanks!Comment -
Account: 1130417
Thieves from Canbet own me: 350 GBP
What is done to thieves where I come from: we hang them. Just saying.Comment -
Account#1084338
Balance: usd 498.15
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935 euros since October...Comment -
@australiangamblingCanbet customers lost and angry as saga drags on Updated on May 2, 2014 by Brad McGrath 1 CanBetA GLOBAL online betting firm, which is believed to owe Australian customers in excess of a million dollars, has shut up shop and “can’t be contacted”. Gamblers from Australia, UK, India, Eastern Europe and Canada have been unable to access thousands of dollars in winnings since late last year. The company in question, Canbet, said in December the issue was due to a computer glitch and promised to pay customers as soon as it could. But angry punters, with over $20,000 owed to them, have contacted AustralianGambling with complaints about the company, which is licenced with the UK Gambling Commission. One tally at an online forum has Canbet owing customers over AUD $1 million. Justin B from Tamworth, said he is owed over €150, and is unable to contact the troubled bookmaker via their website, which has been taken down, or email and no longer has any faith that he will get his money back. “I am not owed much, but it would be a good night out for us,” he said. “When I couldn’t get my money out I had no idea why. “They have just shut it down and have taken the money – I don’t know how they can get away with it.” Canbet’s parent company Interactive Gaming and Sports Group is based in Melbourne, but despite constant attempts by AustralianGambling to contact them our calls and emails were not returned. The last public comment from Canbet, was in January from Australian Director Peter Lord, who told the ABC that the company “was working on a solution” to pay customers the money they were owed”. The UK Gambling Commission released an update on April 15 which said that Canbet had failed to receive additional funding from its Australian parent company. The report said that Canbet is “now looking to sell assets within the company to raise the cash needed to pay their creditors.” But Shannon C, from Melbourne, said he has his doubts that he will ever see the AUD $5,000 he is owed by Canbet. He said the alarm bells began ringing for him when he requested a withdrawal in December and couldn’t access his money. “I’m obviously not happy about it,” he said. “I’m not a wealthy man and losing that type of money hurts a lot. “I just don’t know what I can do about it and don’t know who to contact.” Canbet is also accused of taking unauthorised wagers on a range of sports including horse racing, across three states in Australia. Racing Victoria and Racing Queensland have both confirmed that Canbet was never approved to bet on racing in their states. But the fact that Canbet is based off-shore means that the company is unlikely to ever face any charges from its indiscretions in Australia. Canbet is just one of the latest in a long line of scandals surrounding online betting with one disgruntled customer describing Australia’s Interactive Gambling Act as a “joke”. “At the moment there are not really any laws protecting Australians from being ripped off,” Tim S, from Sydney, said. Tim S agreed that Australia needs to work closely with countries that provide major betting licences, like the UK, and come up with a solution to protect punters from putting money into companies like Canbet.
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That's a good write up, I just don't like how they ended it.
They don't need to protect me from putting money into companies like Canbet (i.e. gambling companies), they need to protects funds that are put in from being siphoned off illegally by thieving owners.
They need to issue the license only to companies that protect the player balance, and owners and management have passed background checks. Not just hand out rubber stamp licenses to anyone that pays for one.
A license should mean something.Comment -
Hello,
I received an email today, a very promising one at that. For legal reasons I cant go in to details.
But Peter and Graham are heading into a nightmare. Karma, you sow what you reap.
I would rather be in prison than face what Peter and Graham are going to go through.
A nightmare of their own creation.
This is going to be a very slow process and we will probability not hear anything until it ends.
Heads up people, the wheels of justice are turning.Comment -
