XL bet closed

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  • tachi
    SBR Sharp
    • 03-25-09
    • 309

    #1
    XL bet closed
    Dear XLBet Client,

    We are sorry to inform that XLBet has been forced to close down its business with immediate effect.
    For a while we have known that we would need more capital into our company in order to keep building our product and despite almost reaching point of “break even” this fall, we haven’t succeeded in raising the necessary funds to cover the old losses and the costs connected to our new platform, and thus we have decided to close down our business before even more people got economically involved.
    We regret that some clients are left frustrated with money on their betting accounts, but we are working on several solutions securing some of the player funds.

    We also would like to appologize for the delayed information about the closure, but we would have prefered to get more info about above subject before we released the sad news.
    That was not possible, so we will give further information by email when relevant as soon as possible, but until that please understand that any pay out request will be left pending and that any support service has to be closed down.
    We are very sorry for the inconveniences brought on you by this, but hope you understand that we have done everything possible to avoid this situation and keep on offering E-Sports betting, Poker and Casino for you.
  • austin
    Restricted User
    • 04-16-09
    • 901

    #2
    no surprise here really - booking on cyber games was a fail from the start
    Comment
    • macaby
      SBR Rookie
      • 12-18-10
      • 5

      #3
      I said this weeks ago but no body listen me. I am gonna make gropu in FB against XLbet and for GENERAL idea - group claim.
      you can ask more for this here http://brainbetting.com/sports-betti...ut-of-business
      Comment
      • Santo
        SBR MVP
        • 09-08-05
        • 2957

        #4
        This is the book that was offering markets on professional gaming events (i.e. first person shooters) where they were accepting more on a single bet than the prize money for winning/losing... Curious business model even if there was a recreational market for betting on such events.
        Comment
        • mi4aka
          SBR Rookie
          • 01-13-10
          • 7

          #5
          HELLO,

          Xlbet is offline for more than a month,do smb know or have any new update from them,i sent 3 e-mails to SBR and got no response ,very weard.Hope everybody will get their funds back
          Comment
          • Hareeba!
            BARRELED IN @ SBR!
            • 07-01-06
            • 37499

            #6
            Originally posted by mi4aka
            HELLO,

            Xlbet is offline for more than a month,do smb know or have any new update from them,i sent 3 e-mails to SBR and got no response ,very weard.Hope everybody will get their funds back
            I wouldn't be holding my breath
            From what they said in their email it seems obvious that they made up the shortfall in capital to run the business with client funds and they are virtually all gone.
            This is criminal behaviour in civilised jurisdictions, yet they intend to keep trading, though not as a sportsbook.
            Comment
            • bettilimbroke999
              SBR Posting Legend
              • 02-04-08
              • 13254

              #7
              How do u guys even here about joke books like this? Second question is who would be crazy enough to send this book money, any book that's not at least B rated is stupid to send money too
              Comment
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