Canbet Sportsbook for sale: Director discusses potential acquisition...

[SBR Forum]

SBR has spoken with the Director of Canbet via telephone conference regarding unpaid player funds. Players have reported being owed over $740,000 through complaints to SBR. Canbet has acknowledged this sum is a small fraction of their delinquent payout obligations and of user balances. Canbet is unwilling to confirm the amount owed to players out of fear that a potential buyer would not want the public to know how much debt it took on. Canbet claims to have appointed an advisement group to assist with what they are calling an assets evaluation and sale. Canbet has to date maintained their position that poor accounting and glitches in their bonus software led the company to insolvency.

SBR will stay in contact with Canbet and post any updates received or learned. Players who have not already done so are asked to record their details via sportsbook complaint form through the SBR website. SBR understands players anger but requests physical threats and messages in violation of forum TOS to cease.

[mhodge24]

seems like a sound investment for anyone!! debt of millions, a reputation for fraud and a crap website!!! sure they will get far with this sale.

[mart sinc]

You would think it would be another bookmaker that would want to buy canbet to keep the customers they have built up over the last 20 years

[MLZ3211]

Poor accounting! Pure Bullsh**

[QUOTE=SBR Forum;21176494] "Canbet has to date maintained their position that poor accounting and glitches in their bonus software led the company to insolvency."



As I put in my email to Alex in Oz "the bonus was only released when the initial deposit was wagered once so if the deposit was lost you would be playing with the bonus. This crap about "poor accounting" is just that "crap". The worst that could happen to Canbet would be if a better won the six turnovers of a £1000 per time, highly unlikely, and then withdrew, which any bookmakers runs the risk off and they don't run away from their obligations. To the two owners who ruining so many lives at the moment "its called gambling for that very reason, you can win or lose but only real men would know that. Pay what you owe or forever be called spineless cowards and looking over your shoulders. There are some really mean people in the world who do not take being robbed, if thats the way it goes, lightly.

[dirtdog52658]

Who would buy this, millions in debt with thousands of players who want nothing to do with the Brand. The UK Gambling license is not even that attractive anymore as its clear to players it means nothing. Might as well get a cheaper license on an island.

[countdacash]

I'd be interested in seeing all the SBR correspondence with Canbet from when the first complaints started rolling in. I think I was among the first 10 or so people to complain to SBR but didn't hear much at all after that. Did SBR actually downgrade Canbet during this process whilst they were still taking deposits?


Given what's now happened I can't see that SBR owe Canbet any degree of confidentiality. Although referring to (I'm assuming) Peter Lord as an anonymous Director of Canbet seems to be a bit subservient. Name and shame him.

[SBR Forum]

I'd be interested in seeing all the SBR correspondence with Canbet from when the first complaints started rolling in. I think I was among the first 10 or so people to complain to SBR but didn't hear much at all after that. Did SBR actually downgrade Canbet during this process whilst they were still taking deposits?


Given what's now happened I can't see that SBR owe Canbet any degree of confidentiality. Although referring to (I'm assuming) Peter Lord as an anonymous Director of Canbet seems to be a bit subservient. Name and shame him.

The history is fully accessible.

SBR has reported fifteen times and blacklisted Canbet after lowering their rating three times, including during the time a small handful of players were reporting payment. You can access the history of the reports and downgrades here: http://www.sportsbookreview.com/canbet/

[jjgold]

Canbet had tons of customers maybe that will be the lure to buy it

The did the right thing for years and years

[chachi]

Canbet went straight off the deep end into shit-book-ville years ago IMO

[AlanJenkins2]

If they really wanted to sell Canbet,they waited far too long.There is far too much bad blood/badwill there now.I really don't understand why they dragged it out so long,making empty promises.

[JayZ]

Canbet is unwilling to confirm the amount owed to players out of fear that a potential buyer would not want the public to know how much debt it took on.

This bit is absurd.