Betphoenix let go over 90% of their staff

[GoldenRichards]

I would not consider playing there again until I saw some evidence they can do payouts properly

[durito]

As I recall they paid it late and it indeed was mentioned here. I mentioned it at least once. So yes you can post it but SBR will caution readers that it does not necessarily mean its because a company is short on cash. Labor disputes can happen for other reasons. Those that were let go this week please keep us updated on your severance pay(which is law in CR).

they were slow paying for over 6 months before it was mentioned publicly by sbr. which happened to be the same time the banner came down.

[TryingMyBest]

I have been with Betmania for almost a year now. Two payouts (the most recent about 2 months ago) and no problems. Actually quite fast

[horsiehung]

i would be very leary of this situation

[runner5k]

Not an outfit I would want to deposit any money into right now that's for sure

[Monte]

So many rumors about BP, one is prolly true and that is enuf for asuming the funds are not as safe as they should be...
the fairy tale is over, as simple as that.
They had slow moving lines at -105, how often did members of the SBR staff say in the past: this cannot work, there is a reason why there is only 1 Pinny. Specially when you advertise in a forum like this where many sharps/arbers/whatever hang around.
This book is either milked dry, or just not profitable anymore and they slowly want to get out of the mess. The End.

[pokerplayer22]

Still no Richard sightings???

[rumple]

Richard is the only one that answers emails when you have a problem if hes gone its game over.

[OSUCOWBOYS]

I spoke to Richard via email July 1st.

[cloudagh]

Glad to hear that Richard and BP are still going. I will agree with others though, without Richard to address problems they would likely be doomed.

[BigDaddy]

I spoke to Richard via email July 1st.

good to know

thanks

[NSN21]

Does BP still even do the -105 juice? I notice it's not on their site anymore.

[sdiamond8065]

i wouldnt go near this book

[nenad]

and 90% of deposits?

[JohnGalt2341]

BetPhoenix and WagerChief just finished installing new betting software a few weeks ago. I wouldn't think they'd go to all the trouble if the end was near. Just an observation.

Great point. Anyone have an answer to this? I have a decent amount of money in BetPhoenix right now. They often have great Lines on underdogs and I don't really want to withdraw my money if all this talk is just a bunch of nonsense. On the other hand, I don't want to lose my money either.

Also, is there ANY chance that SBR will start posting BetPhoenix's lines again on their Odds page? I notice they still have them as an option on their new Beta page but they no longer post their Lines.

[dark star]

Phoenix and Betmania payouts have been quite fast for me the past few months.Take that FWIW.

[SoV]

I drove by there last week and it looked like they were expanding. They are a tough one to figure out.

Both are true. BP present and ex-employees are welcome to confirm or deny anything we post. I drove by there today in fact and they have pulled the wall by the highway out and expanded. There were quite a few cars in the parking lot too. They have spent tons of cash on their facility. Possibly too much?

Any update on this, John?

[kisado]

I wouldn't play there anymore...no matter how this shlt turns out.

[byronbb]

How do sportsbooks get into trouble in general? Can a few luckbox whales hit a few 10 teamers and a book is in trouble or what??

[Chuck Sims]

How do sportsbooks get into trouble in general? Can a few luckbox whales hit a few 10 teamers and a book is in trouble or what??

Using incoming deposits for outgoing payouts gets books in trouble.

[SBR_John]

Any update on this, John?

I will drive by there tomorrow and report anything I see.

The rumors are not pretty and we can confirm that agents claim to have been cheated. Agents and other earners are guys you give haircuts to last because they make you money. All the forums took them down and grumbled about getting stiffed on marketing and agent deals. Not good signs but they are still there.

[BigDaddy]

wow

that does not sound good.

John all forums have not taken them down though

they still fly a banner at EOG

it's nice though to know i can come here to SBR and get real info about the offshore industry.

i read nothing about this anywhere else.

they don't talk about it at other places.

[topgame85]

phoenix owns eog now

[Dad]

and 90% of deposits?

Nenad, you Sir have 666 posts and 666 points.

You Sir are the fukking Devil!!!!!

[BigDaddy]

phoenix owns eog now

ok

that might explain why they don't talk about it.

[JohnnyC]

bp just needs to process withdrawals a little faster and they will get that A+ rating

[ABEHONEST]

I did contact them yesterday and informed them that they were getting bad press, here.
I also suggested they need to address that issue. If there is one?

[NSN21]

SBR_John, were you able to find anything out?

[Hareeba!]

Using incoming deposits for outgoing payouts gets books in trouble.

They're already in trouble by the time they resort to that.

All these books which use player funds as if they are the property of the book are ticking bombs.

[TryingMyBest]

I did contact them yesterday and informed them that they were getting bad press, here.
I also suggested they need to address that issue. If there is one?

They told me SBR are "haters". That gave me a lot of confidence

[NSN21]

They told me SBR are "haters". That gave me a lot of confidence

[MBENZ]

Using incoming deposits for outgoing payouts gets books in trouble.

Bingo.You don't see Bookmaker or Greek advertising crazy bonuses to sign up for football.there's a reason for that,they are funded to pay without an infusion of cash.

[Actionbrett]

I hope this shit book does shut down but not before everyone gets paid. This book is not worth all the trouble in this thread of finding out if they let go some of their staff.

I once beat the closing line in four soccer matches there, all bets won, and was told to get lost due to syndicate play. Those were the only four bets i ever made there.

[ABEHONEST]

With all this negativity toward Phoenix, someone needs to step up! SBR, or PHOENIX?

[(Reyes)]

They have no money that's why they are letting them off