SBR visits LazerWager office to discuss withdrawal issues
SBR visits LazerWager (SBR rating D-) office to discuss withdrawal issues
The sportsbook's management tells SBR that a single credit card processor, which has taken the majority of its deposits, is refusing to release the funds to the book and hasn't done so since January 15th. Lazer tells SBR that if the credit card processor does not release the funds they will invest more money in the book and a best case scenario would be some players receiving payment in early April. SBR asked LazerWager the obvious question. Why would they not save their reputation and the players from waiting by funding the business now since players will purportedly be paid regardless? The manager we spoke with was unable to address this question on behalf of its anonymous "ownership." Players should be concerned due to the fact that the book is unable or unwilling to pay, making this more than a processing issue. Lazerwager is currently still taking deposits from new players. SBR estimates the debt to Lazer users to be just over $120,000.
The sportsbook's management tells SBR that a single credit card processor, which has taken the majority of its deposits, is refusing to release the funds to the book and hasn't done so since January 15th. Lazer tells SBR that if the credit card processor does not release the funds they will invest more money in the book and a best case scenario would be some players receiving payment in early April. SBR asked LazerWager the obvious question. Why would they not save their reputation and the players from waiting by funding the business now since players will purportedly be paid regardless? The manager we spoke with was unable to address this question on behalf of its anonymous "ownership." Players should be concerned due to the fact that the book is unable or unwilling to pay, making this more than a processing issue. Lazerwager is currently still taking deposits from new players. SBR estimates the debt to Lazer users to be just over $120,000.