SBR Top-Rated Sportsbooks
Casinospot (Futurebet) BS / Emails
Sent: Fri 11/16/2007 2:01 AM
To: 'Manager'
CC: 'Bill Dozer'; 'Help@PokerRoomReview.com'; 'pitchabitch@casinomeister.com'; 'Bruce'
Morty,
This comes as no surprise to me for several reasons.
1) You are a Futurebet site and Futurebet sites rip their players off. That is what Futurebet sites do. This is what SBR, CasinoMeister, PokerRoomReview, I, and several others have been saying all along.
2) Since there's no way I'd ever make another deposit at any Futurebet site, you knew I'd never make a deposit with Casinospot. So there would never be a deposit for you to rip off. So the only thing you could rip off was my winnings so you did. You have proven yourself to be a true Futurebet site, not in words but in actions.
3) Bruce Eicher said there would be no problem making a withdrawal which I knew was untrue. Normally when I'd try to make a withdrawal of my deposits at Futurebet sites they'd refuse it and not answer my emails. You're the first Futurebet site to banned me. However, you did refuse my withdrawal contrary to what Mr. Eicher claimed.
4) Every Futurebet site that Bruce Eicher had me download ripped me off. Casinospot is no different.
Please stop trying to hide behind your Igaming Software label. Let me quote SBR on that one. "Things have taken a turn for the worst for problem-gaming company Futurebet, which now uses the name IGS (IGaming Software) to shield itself from the Futurebet brand's reputation." Morty, six is a half dozen and Igaming is Futurebet.
-----Original Message-----
Sent: Thu 11/15/2007 7:43 PM
To: Jolub
From: Manager [mailto:manager@casinospot.com]
I am done trying to discuss this in a rational manner with you. I have explained to you privately, I have explained this in the forums after you felt the need to post, I have explained this to every other person you wished to have involved in this conversation. I wish you all the best in your online casino playing. Your right to play on casinospot has been revoked. Your membership cancelled.
Have a nice day.
Management
Sent: Thu 11/15/2007 7:27 PM
To: 'Manager'; 'Bill Dozer'
CC: 'help@pokerroomreview.com'; 'pitchabitch@casinomeister.com'
Jolub wrote:
Morty, I wish you'd stop telling lies about me. It's obvious that you are trying to change or confuse the issue from you being a Futurebet site to my actions, made up actions, or inactions. The issue is that you're a Futurebet, Igaming site. I have nothing to do with the rating, F, Casinospot got at SBR. You earned that rating. I didn't earn it for you. You need to address that issue with SBR and do what needs to be done to change it. Attacking me isn't going to change it for you. The truth is the truth.
No, I never made a deposit at Casinospot and never will as I have been ripped off several times before thanks to Bruce Eicher and following his recommendation to make deposits at Futurebet sites. No, I never got a pin at live chat and they did not mail me one as promised. I asked Bruce Eicher to contact you as I was getting no responses from support. Yes, you did send me a pin and disguised it as an incident
number. No, support never replied to my emails asking if you were a Futurebet site. If you want me to start a major posting campaign against Casinospot, just keep it up with your lies and your wish will be granted. SBR has provided me with much truthful material, all concerning Casinospot. Why don't you use the same tactics against SBR which you are using against me. Start saying they did this and they did that. No need to include the truth as the truth won't help you.
Why not stop in at the forum and make a post and we'll see how the other forum members response to what you have to say. Please also address the issue of you owner not doing any homework or not caring before he got in bed with Futurebet. How good are his business skills? What type of business owner / manager does this make him and under his
leadership what are the chances that Casinospot will survive? What are the chances the depositors will get their money back? These are important questions that need answers.
HERE IS WHERE MORTY TRIES TO CONFUSE THE ISSUE OF CASINOSPOT BEING A FUTUEBET SITE BY ATTACKING ME:
Mr. Jolub made it appear that he had deposited money at
Casinospot.com when in fact he was given a $10.00 real money comp to play. He also makes it appear that he had requested a pin # to make a withdrawal and that no one had been trying to assist him, even though there is a record of every chat conversation with player support which clearly shows, he had been helped. I personally sent an email and
replied to his original email 4 times in regards to his pin #, yet he failed to read the actual contents which showed the pin#.
Morty's confused, non-truthful, and misdirected statements need to be commented on at SBR. I am going to post this letter later on tonight.This list was copied from SportsBookReview. Please note Casinospot's F rating.
http://www.sportsbookreview.com/Rati...tion#FutureBet
POST REMOVED TO SAVE SPACE, USE LINK
-----Original Message-----
From: Manager [mailto:manager@casinospot.com]
Sent: Thursday, November 15, 2007 3:25 PM
To: Bill Dozer
Cc: Jolub
Subject: Re: Casionspot / Futurebet / Igaming
Hello Bill,
I thank you for your email.
I am not trying to convince ANY player that online casinos are safe.
Casinos go under every single day, due to various reasons. Mostly bad management, lack of a proper business plan and no contingency plan. All these horror stories that you hear from owners all sing the same song. Someone else did something to them, so therefore no one should blame
them. Not one of these people have ever said, "Hey I did this, and I did that to try an fix things". When a problem occurs, you fix it. If players do not get paid out on time, do your own processing, if players do not get the proper customer service, do it yourself, if a company sells you a product and it does not work, go to their office and get a refund, or fix it yourself. If you do not have the means to
do this, sell to someone who does, or close.
The story on SBR of an ex-futurebet licensee crying foul is a prime example. They were sold a product, they did not pay any attention to it, they assumed things would work for them. They did not try and fix these problems themselves, they did not run it like a proper business, they did not go and get their own processing, yet they let it run for 3-4 years???? Now they say "Hey it wasn't us, they did this to us" ???
Am I the only person who thinks this sounds more than a bit odd??? Yes they were sold a product that did not deliver what they were promised, so instead of closing an getting a refund, or fixing it themselves, which was easy enough up to a year ago, they let it just keep on going??? Was that in their business plan?
This player Jolub stated that casinospot due to being part of IGS is guilty, that they don't or won't pay their players. This is simply not true. Casinospot has safegaurds in place and is currently in the process of getting our own processing, customer service and new software as we speak. After purchasing the casino which was suppose to be a complete turn-key operation, only to find all this negativity, we are being proactive and making arrangements to control everything ourselves. Even though there has not been 1 single complaint about slow paying from a Casinospot member. Jolub made it appear that he had deposited money at Casinospot.com when in fact he was given a $10.00 real money comp to play. He also makes it appear that he had
requested a pin # to make a withdrawal and that no one had been trying to assist him, even though there is a record of every chat conversation with player support which clearly shows, he had been helped. I personally sent an email and replied to his original email 4 times in regards to his pin #, yet he failed to read the actual contents which showed the pin#. Instead he wanted to go onto the forums and bad mouth a company which had done nothing wrong. Lumping
Casinospot in with other companies that may or may not have bad reputations because they use the same software or hosting is something that I do not feel is right or just. Each company is owned and operated by different individuals. That being said each owner has the ability and responsibility to fix things, and make them right. We have been proactive to ensure we are protecting our players monies. Even though as I had previously stated, there has not been 1 complaint in regards to slow paying at Casinospot.
Our payments are done within a 24-72 hour window, as long as all requirements have been met, including ID verification. We have even gone as far as using different methods for allowing withdrawals that are not posted (and at an extra cost) just to ensure our players get their monies asap.
Mr. Jolub had/has an axe to grind with other companies and it is unfortunate that he felt the need to implicate Casinospot in doing anything wrong, but run a business properly.
I thank you for contacting me. If you would like to discuss any other matters that do not concern Mr. Jolub. I would be more than happy to talk to you.
Sincerely,
Morty
Bill Dozer wrote:
Hello Casinospot,
I have not reviewed the entire email exchange but would like to ask why Casinospot should be considered safe? Why should players feel ok about Casinospot when the hosting company is on the verge of collapse?
Thanks,
Bill
-----Original Message-----
From: Jolub
Sent: Friday, November 02, 2007 08:32 PM
To: 'Manager'
Cc: Help@PokerRoomReview.com; bill_dozer@sportsbookreview.com;
pitchabitch@casinomeister.com; marc@suitedpockets.net
Subject: RE: Casionspot / Futurebet / Igaming
Do you have a full name or only a first name and title?
I'm glad to hear you admit that you are Igaming which is the exact thing I posted at PokerPlayerUS, nothing more. It was a repost of SBR's post with nothing added. You use that post to attack me, to make me look like a fool, and to tell lies about me? A post that was deleted by Bruce Eicher to shield his forum members from the real truth about you, that you are an Igaming site which is Futurebet in disguise. You seem to be blaming me because Casinospot's owner didn't do any research and got burned. I guess he didn't read the small print which is the same thing you keep saying about me. Is SBR wrong saying that Igaming is Futurebet? Is six a half dozen? Have you ever considered contacting SBR instead of going after me?
Why weren't my emails answered when I repeatedly asked your customer support if you were a Futurebet site? The story you are telling is not true. You have changed the facts in true Futurebet fashion. I did make a copy of that chat. You did not email me a pin four times like you said. The only time you sent me a pin was when you made it sound like it was an incident number. I was never given a pin in Live Chat as you claim. I never claimed to have made a deposit. There's no way in hell I'm going to make a deposit into a Futurebet, Igaming site. I've been screwed to many times following Bruce Eicher's recommendations on that one. You also cut off part of my post. You forgot the most important part, where Igaming is named as Futurebet in disguise.
I have asked Bruce Eicher to put this in the past and reinstate me in his forum with my whole post count and he has declined. I think it's time to make this whole thing public. I think this whole mess would make for some interesting reading at many of the forums I'm a member of. Players need to be warned about Igaming / Futurebet and the forum owners who promote them while pretending to be their members friends. Trading emails with you is a waste of time. I think my time would be better spent posting in several poker forums. You and Bruce have made that quite clear.
Frankly, I'm getting tired of your whining, fabrications, and bull shit.
POST REMOVED TO SAVE SPACE. HERE IS THE LINK TO THE MISSING POST.
http://www.sportsbookreview.com/forum/players-ta...hlight=igaming
-----Original Message-----
From: Manager [mailto:manager@casinospot.com]
Sent: Friday, November 02, 2007 3:30 AM
To: Jolub
Cc: Help@PokerRoomReview.com; bill_dozer@sportsbookreview.com; pitchabitch@casinomeister.com; marc@suitedpockets.net
Subject: Re: Casionspot / Futurebet / Igaming
Mr. Jolub
You seem to love being able to tell one side of a story. Well here is a story!!
First off, if you believe the story in Sports Book Review to be 100% true that is your perogative.
_*Lets review the "Horror Story from another Investor..."*_
We asked about how much money the other sites were making and Ron said the worst performing sites were making $25K a month, net and that the best were making over $200K+ a month. This is completely untrue. Well if it is untrue why does he say a paragraph lower: Business exploded at first. A bookie in NYC knew one of the partners in the business and sent us all his action, in exchange for a 50/50 cut, as he was tired of taking phone calls. Within a month we had hundreds of big players. I think by the second month of football that year, the handle(i.e. amount wagered) on the site crossed over $500K.
*Well did you not make any profit??? $500k wagered, we would have to assume you had made some pretty good money!!!* We had other winners too of course and we would _*occasionally check*_ the system to monitor withdrawals _*We had not been in communication much*_ with FutureBet
but we wanted to make sure they were going to pay the big winner his $10K. Because we were negative that month, they said no. If they really had 70 sites all making over $25K a month, _*I wouldn't think this float*_ would be a big deal for them Is anyone else seeing a pattern here? We don't communicate (stay in touch), we assume we have a "float", we occasionally monitor things. Is that how you operated your other business???
Fast forward to 2006, we stopped paying the winners out of our own pocket by this time, as FutureBet was rarely paying us. This really hurt our business as by now the NYC crowd was getting very angry regarding slow payments,
and word spread around their group that our site was paying slow.
So you started in 2003, we now fast forward to 2006...you see all these potential problems, yet you ignore it. You are not proactive, You do not fly up for a face to face, You do not setup your own processing, player support, etc, etc etc.
They then get to the "Bottom Line" let me break down the bottom line for you. You did not care enough to stay in touch, communicate, look after your investment, your players, your players money. Instead you sat back an decided to complain, about what THEY did to you. WHAT DID
YOU DO??? Ultimately it is the Licensees responsibility to protect his players funds. Protect the integrity of HIS site.
We have all bought something that we thought was a great deal only to realize it wasn't. When will someone step up and say, hey it was not what we were promised, so how do we fix it, how do we protect OUR investment, and our players money, and trust?? If this person was serious about running an online casino, serious about protecting his
investment, serious about peoples money who deposited, they would have actually done something about it, instead of taking the easy way out and blaming everyone but themselves. That would actually mean that THEY
failed. It is alot easier to blame others for that isn't it???
The owner of casinospot.com bought a product from Igamingsoftware which was sold as Igamingsoftware NOT Futurebet. A fully turn-key solution that has turned out to be not so fully-turnkey. There is no denying that there is flaws that have been realized since. They are now working
at having all their own processing setup, and player support. In the meantime they have been using the services that they have purchased, we have stayed on top of EVERYTHING!! They now do not have a poker product, yet they are not shutting down, leaving players stranded. They
are in negotiations with a NEW network out from under the IGaming group. They are about 10 days from having this all done, as well as coincide with their own processing, and player support. They are not out blaming others, they are working their tails off to make it right, cause they DO care, about their players. They are NOT taking the easy way, and lazy way and pointing fingers.
All networks have problems that have individual operators running their product. Microgaming sites have problems, do you lump all those sites together, RGN, Playtech, every software company out there has casinos that have had problems in the past. Especially since the US legislation. Casinospot is NOT one of them.
You go into the forums lumping casinos together with out telling the whole story. As was shown today, by numerous posts.
Casinospot has not had 1 issue in regards to slow paying players. Not one, we bend over backwards to ensure this. We have a lot of players, and continue to make payments everyday. Your issues were due to not reading the live chat you had with player support, and my emails. You
then go into a forum and make it look like you deposited money into casinospot, won and now we won't pay you. That is the furthest from the truth. You were given a $10 dollar real money comp, we gave 500- $10 dollar comps yet you are the ONLY person who has had a problem???? You
contacted player support when you wanted to withdrawal via "live chat". They asked u some questions you answered they then gave u a pin # for your reference, and then emailed you the same. Unfortunately your email provider did not accept the email. This is a common occurrence with
alot of gaming, related sites. As soon as I was made aware of this situation from an affiliate I repeatedly emailed you the pin #. That is what you were asking for not a reference #. Count how many times you replied to my original message, which I kept replying back to you. 4 times??
Anyways, my position stands. When you earn the 50 dollars to withdrawal with the means you wish. I will be more than happy to pay your withdrawal, and close your account. Will you then be so gracious to go back to the forums and let everyone know you got paid?
I apologize to you others who have had to re-read all through this but casinospot.com does pay all their players, and are here for the long haul. When something is broken, we get it fixed. We don't sit back an point fingers and blame. We step up to the plate and take responsibility.
Thank you
Morty
Jolub wrote:
I did not slander your company. I only reposted what was posted in Sports Book Review which I believe to be 100% true. "Things have taken a turn for the worst for problem-gaming company Futurebet, which now uses the name
IGS (IGaming Software) to shield itself from the Futurebet brand's reputation." Maybe you should contact SBR and ask for a retraction. You can get their email address from my carbon copy. We both want the truth to be told don't we? We certainly don't want anyone to lie about Futurebet or Igaming do we?
When asked in a post if Casinospot was Futurebet, Bruce Eichner replied no you are Igaming. So is Mr. Eichner not telling the truth? Or maybe he's playing a shell game with the truth. Which is it?
Bruce Eichner has a fine record of having me and other forum members Deposit money in Futurebet companies and then not be able to withdraw it, the "old" G2G, PokerEon, Jon Wood Gaming. Now he's promoting more Futurebet / Igaming companies, Casinospot and Vegas24. Vegas24 has a long record of withdrawal issues which I made Mr. Eichner aware of but he still choose to promote it. Forum members' withdrawal issues don't seem to be a problem for him.
Apparently, it's only business. As long as he get his affiliate fees he seems to be happy.
I have emailed Casinospot several times asking you if you are a Futurebet company and I never got a reply. Why is that? Why do you try to hide the fact that you are a Futurebet company? Is it because we both know what that
means? I was never given a pin in live chat nor was it emailed to me as promised. When you finally emailed it to me you made it sound like an incident number not a pin. There would not have been a problem if you would have written more precisely. I have also noticed that you don't keep count very well either. You send me my pin once not 3-4 times.
As far as, " You have damaged our company name for no other purpose but to see your name in the forums, by all accounts." You are a Futurebet / Igaming site.
What could be worse than that? How can you slander Futurebet / Igaming companies?
You should be proud of Mr. Eichner. He continues to do your bidding. He also assured me there would be no problem making a withdrawal from Casinospot. I never expected to be able to make a withdrawal from Casinospot and I was correct. You see I have been down this road before with Mr.
Eichner. This was the last time I was giving him the benefit of the doubt and it worked out exactly the way I thought it would, with no withdrawal.
He deleted my posts concerning Casinospot and Vegas24 which were copies of SBR's comments and banned me from both forums without warning. I assume he doesn't want the truth interfering with his promotional efforts.
Just in case I'm in error, which we both know that I'm not, I've carbon copied some possible interested parties, CasinoMeister, PokerRoomReview, SportsBookReview, the owner of Suited Pockets forum, and of course Bruce
Eichner. Mr. Eichner is a moderator at Chipstalkers and owner of PokerPlayerUS. He has a history of promoting dubious, Futuebet, sites. I have lost over $250.00 in deposits because I trusted him and deposited money at the sites he was recommending. However, I wasn't dump enough to
deposit money with Casinospot nor Vegas24.
HERE IS ONE OF SBR'S COMMENTS WHICH GOT ME BANNED AFTER I POSTED IT AT
BOTH
CHIPSTALKERS AND POKERPLAYERUS FORUMS (This would probably be a good post to make at several forum naming Casionspot and Vegas24 as examples plus indicating Mr. Eichner's promotional efforts. This email would probably be
a great post too. Let me know what you think.)
http://www.sportsbookreview.com/forum/players-ta...hlight=igaming
Futurebet sportsbook owner tells story from inside no-pay scam
----------------------------------------------------------------------------
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Futurebet sportsbook owner tells story from inside no-pay scam Things have taken a turn for the worst for problem-gaming company Futurebet, which now uses the name IGS (IGaming Software) to shield itself from the Futurebet brand's reputation. The company recently lost ownership of its
biggest asset, the DGN Poker Network, lost employees it would not pay, and now reports are surfacing from licensee partners that the sportsbook website owners are not receiving their funds and are left holding player debt.
Many of these licensees such as USDbet (SBR rating D-) were warned by SBR to avoid partnering with the Vancouver-based operation.
Read horror story from another investor in Futurebet product.
...Later in 2006, we noticed withdrawals were taking over a month. The story from FutureBet at this time was that they had a credit card processor in the Philippines who had stolen $700K of their money and that they were going to pay everyone, but that it would just take time. FutureBet always has a new excuse for problems like this. At this point, our $500K a month handle had dropped like a rock as people were leaving us in droves. We were completely caught between a rock and a hard place. If we paid winners ourselves, we
would probably never see the money again. If FutureBet paid our customers, the payments were taking months sometimes, resulting in people never coming back.
Quite Frankly, FutureBet Sucks
My name is ***** ******* and I wanted to share my story regarding FutureBet, located in Vancouver . This story is written for anyone who would be dumb enough to become a FutureBet licensee or gamble on one of their websites.
Before we get started, understand this, you will lose EVERY PENNY OF YOUR INVESTMENT if you open a FutureBet site. To the gamblers out there, avoid any FutureBet site, as they don't pay winners. Quite frankly, FutureBet sucks.
FutureBet provides anyone wanting to run an online casino a turnkey solution to do so. They will build your site, license you the gaming software, act as the payment processor, provide customer support and provide a variety of technology tools such as software to set bonuses, the payout rate on the
slots, email utilities to mail all your players, among others. Both the gaming software and the management platform are really good. No problems there. In fact, this is how the get licensees to sign up. Their stuff looks and functions really well.
During the summer of 2003, a friend from the UK called me to discuss starting a new business. We had started a CD ROM programming shop in Manchester during the late 80's, made a lot of money, and had fun working together. He said that poker was exploding in the UK and wanted my thoughts
on starting a gambling website, with the emphasis being on poker. We spoke with FutureBet in Vancouver and another firm in Central America whose name escapes me as we wanted a turnkey technology solution so we could focus on customer acquisition and relations.
We contacted FutureBet and were called immediately by Mr. Ron Katz, who described his position as Director of Business Development. I flew to Vancouver to check out the operation. This was in late 2003. Ron is likely one of the two owners of FutureBet. Ron explained that they provided technology for 70 sites. He explained that their poker platform was 3 months from completion and that he would
Provide us with sports and casino gaming now, and add poker in three months. The monthly fee to us would be 30% of the monthly hold(gross profit)for sports and casino games. We could have anyone build the website, or they would do it for $30K. Since they had no documentation on how to implement their gaming platform and various APIs, we figured it was easier to have them do it, as they had done 70 already. Ron also explained that they would handle all payment processing and withdrawals. The payment processing fees for ************, Neteller, etc would come out of our cut. Before I met Ron, I did some research and found some negative press on Black Banana Casino, a FutureBet operator who was out of business. I asked about this, and Ron explained that Black Banana had offered no limit gaming, with no real reserves. He said they had some big winners and couldn't pay and that FB was getting bad press. Ron said that we would have to keep limits to only $500 per bet, or put up a reserve. We said we'd keep it at $500.
Today there is a lot of negative press on FutureBet, but back then there was very little, other than the Black Banana stuff. The only other thing would could find negative was that they were spamming all the Usenet groups, trolling for new licensees.
We asked about how much money the other sites were making and Ron said the worst performing sites were making $25K a month, net and that the best were making over $200K+ a month. This is completely untrue. I have heard of one FutureBet site making at most $25K a month. 90% of the sites generate
little to no revenue and the reality is that most of them make $0, as FutureBet doesn't pay the licensee.
We setup the business in the UK . When we got the contract from FutureBet we noticed that the contract was for a Nevis company. This is important to realize, as that makes FutureBet virtually impossible to sue in North America .
Business exploded at first. A bookie in NYC knew one of the partners in the business and sent us all his action, in exchange for a 50/50 cut, as he was tired of taking phone calls. Within a month we had hundreds of big players. I think by the second month of football that year, the handle(i.e. amount
wagered) on the site crossed over $500K. We had a few big winners. One player won $10K in one month and a few others in the low thousands. We had not been in communication much with FutureBet but we wanted to make sure they were going to pay the big winner his $10K.
Because we were negative that month, they said no. If they really had 70 sites all making over $25K a month, I wouldn't think this float would be a big deal for them, but the partnership was new so went ahead and paid the guy out of our own bank account. We had other winners too of course and we would occasionally check the system to monitor withdrawals. We seemed to hit spots where things would slow down and start taking weeks, which was odd as we all bet on Pinnacle and that only took a couple days. When pressed, FutureBet blamed one of their payment processors for not paying them. We were then forced to pay big winners out of our own bank account, for fear of pissing them off. We were simply digging a bigger and bigger hole for ourselves.
Fast forward to 2006, we stopped paying the winners out of our own pocket by this time, as FutureBet was rarely paying us. This really hurt our business as by now the NYC crowd was getting very angry regarding slow payments, and word spread around their group that our site was paying slow. They also
complained daily about the poor customer support which FutureBet provides via phone or online chat. They said the people were clueless and would never give straight answers regarding their withdrawal status.
Later in 2006, we noticed withdrawals were taking over a month. The story
from FutureBet at this time was that they had a credit card processor in the Philippines who had stolen $700K of their money and that they were going to pay everyone, but that it would just take time. FutureBet always has a new excuse for problems like this. At this point, our $500K a month handle had
dropped like a rock as people were leaving us in droves. We were completely caught between a rock and a hard place. If we paid winners ourselves, we would probably never see the money again. If FutureBet paid our customers, the payments were taking months sometimes, resulting in people never
coming back.
One thing a prospective licensee should realize is that FutureBet takes well over two-thirds of the money the site generates. First, there is the 30%(sports and casino) to 40%(poker) on the gross. Then, they charge approx 10% per deposit for processing, which they claim to be a pass through.
Then they make you hold 10% of all deposits in an escrow account as your reserve, which you don't see for six months. Then there are hosting fees and free money charges, where they calculate their commission on free money lost by the player.
The bottom line is that you really have no money left for marketing, once you give up about over two thirds of your gross margin to FutureBet. The business model doesn't work, except for FutureBet.
A summary of how FutureBet makes money . Fees for building FutureBet websites($30K is usual)
. Royalties on all profits(30% of hold on sports and casino and 40% royalty on Poker)
. Processing Fees, and Reserves. They claim this is a path through, but there is margin in all of this.
. Not paying winners. They take deposits but don't pay winners.
. Not paying licensees. Licensees have not seen a dime in 2007.
As of March 2007, we couldn't find a single licensee who has been paid a dime in 2007. We shut down our site in March, as it seemed hopeless. You can't run a site like this without a good amount of marketing, but who would pony up money for marketing expenses when FutureBet will never pay
you? What's really troubling is that players are simply not being paid. If you deposit a dollar into a FutureBet site today, you are basically giving it to FutureBet.
We tried to run an honest book! We paid people out of our own pockets,many,
many times. Our total investment of $100K, when you include marketing and other expenses, is down the toilet. The site is now run by FutureBet completely and we have nothing to do with it anymore. If you want to figure out if an online site is run by FutureBet, look at at sportsbookusa.com -
the same sportsbook betting card and casino games are used at all the sites.
SportsbookUSA is actually owned by FutureBet, not a licensee.
One humorous aspect of FutureBet is that the "management team" seems to
change every six months. The CFO changes, the licensee VP changes, etc. I think FutureBet actually talks legitimate business people into taking jobs there, but they all bail when the figure out the deal. Ron Katz is the only constant over the past three years, and he hides from the licensees as much as possible.
The thing I still do not understand is this. Why are they crooks? All FutureBet licensees ask themselves this daily. "Are they crooks, or just really stupid". To me, if they just paid winners fast, they might actually have 200 sites today making a lot of money. Their business model was infinitely scalable, and could have given Vegas a run for its money by basically allowing others to create skins for their platform and centralizing payment processing and customer support. The whole thing should have worked, but that's what happens when you get into business with crooks.
-----Original Message-----
From: Manager [mailto:manager@casinospot.com]
Sent: Thursday, November 01, 2007 11:10 PM
To: Jolub
Subject: Re: Withdrawal question
Jolub
I wish to ask why you would slander our company in the forums. You make it sound like you deposited money, and you were wronged. While all along you knew the money was given to you as a promotion, and had you contacted player support and actually read the information that they gave you, as it would seem they actually gave you the pin # while in live chat. Like I gave you 3-4 times today (which you again failed to read), yet instead you chose to slander a company that treats every player fairly and pays promptly.
You have damaged our company name for no other purpose but to see your name in the forums, by all accounts.
If bank a withdrawal is the only option available to you and the minimum is $50.00 then that is the requirement. If you reach that limit, you will be paid out.
Then please do not frequent our casino again. Please do not partake in offers we give our players, and please keep our name out of the forums when you wish to post lies.
Thank you,
The Manager.
Jolub wrote:
I have $26.55 in my account. The only option given for a withdrawal is wire with a minimum of $50.00. Is this correct? If I'm able to win enough to have $50.00 in my account, will I be able to make a withdrawal?
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Originally Posted by jolub
