LasPalmas slow-pays continue, players owed over $124,000

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  • SBR Lou
    BARRELED IN @ SBR!
    • 08-02-07
    • 37863

    #1
    LasPalmas slow-pays continue, players owed over $124,000
    LasPalmas (SBR rating D+) players report being owed over $124,000. The slow-pays began as early as January of 2009, LasPalmas stated they had processor problems in February when multiple payout complaints surfaced. Players were assured things were fine and told they could expect to receive funds at the beginning of March. At the start of March a few players were sent small payments, but large balance holders were left to wait and continued to be fed generic email messages.

    The Las Palmas Group, which includes eHorse and eHorse-X, is no longer willing to discuss player complaints. The largest payment LasPalmas has made this year was via book-to-book transfer of $40,000 on 4/15/09 to a player's Bookmaker.com (SBR rating A+) account. Interbook transfers have since been discontinued as LasPalmas payout delays increase.
  • JoshW
    SBR MVP
    • 08-10-05
    • 3431

    #2
    I am amazed how quickly this book has fallen. The LasPalmas group used to be one of the best in the business.
    Comment
    • Wild Reet
      SBR High Roller
      • 02-09-07
      • 116

      #3
      I played at ehorse from 2001-2007. Loved the racebook and the free contests. Now I'm glad they kicked me out. Sorry to see them fall.
      Comment
      • HedgeHog
        SBR Posting Legend
        • 09-11-07
        • 10128

        #4
        Sorry to hear that this saga continues. I'm also glad to be rid of LP.
        Comment
        • Bill Dozer
          www.twitter.com/BillDozer
          • 07-12-05
          • 10894

          #5
          Hopefully they figure things out at the start of football. Once they have a value on their book they should be able to liquidate and make some moves. Palmas Group has been around a long time. Sad to see them struggle but its a new time in the sportsbook world. Books today are taking big processing hits every month and rely on their volume to make sure they make a profit. Las Palmas never moved past medium-sized in their years online.
          Comment
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