BetMania move to BetPhoenix platform complete

priceperheadexpert · 09-27-08, 12:20 PM

I hope everything here goes smoothly..I guess PHOENIX wants to know what they are buying..on alot of levels makes no sense..I hope the deal gets done for the MANIA people who have been waiting patiently for their payouts..

Mr Falcone · 09-28-08, 12:44 PM

Originally posted by priceperheadexpert

I hope everything here goes smoothly..I guess PHOENIX wants to know what they are buying..on alot of levels makes no sense..I hope the deal gets done for the MANIA people who have been waiting patiently for their payouts..

Honestly why would anyone consider buying a Book full of Debt?

tomcowley · 09-28-08, 12:59 PM

Because they get all the suckers that come with it. If they're a smarter book, they may be able to make money off the full list, or they may be planning to deal with the sharps (or just pay them and boot them) and keep the suckers. The balances owed may be a great price to play for the client list compared to what advertising would cost to bring in the same number of new players.

Mr Falcone · 09-28-08, 02:16 PM

Originally posted by tomcowley

Because they get all the suckers that come with it. If they're a smarter book, they may be able to make money off the full list, or they may be planning to deal with the sharps (or just pay them and boot them) and keep the suckers. The balances owed may be a great price to play for the client list compared to what advertising would cost to bring in the same number of new players.

Tom,

For one thing the list of players at Betmania, is the same list I can get on the street down here for bout what it cost to eat lunch at Applebees.

No book in the world is gonna buy a book for sharp players that have an outstanding balance. Period, not happeneing.

I dont fault your shortcomings in this area, but things here are not as they seem, trust me

Best of luck

bigboydan · 09-28-08, 02:19 PM

Originally posted by Mr Falcone

Honestly why would anyone consider buying a Book full of Debt?

I don't know. I just wish while they were at it that they would offer some type of bailout/bonus bailout offer to those who were screwed by Lazerwager.

Mudcat · 10-01-08, 01:50 PM

Drumroll as we wait for a status update on the deal.

Nicky Santoro · 10-01-08, 01:59 PM

this thing better go through cause i've had it with bemania.. i've had money there now for 3 yrs and i still can't get it out.. i am lucky if i call up 43x before i finally get a 1k payout.. they wont transfer my funds to any book.. no bank wires, no fedex.. JUST **.. i hate it.. being at betmania has been a tragedy for me.. and the lying.. and the delaying... omg...

i hope this deal comes through, cause i can't take it anymore..

BurtRapp · 10-01-08, 02:02 PM

I played at Betmania and it was middle of the pack. Never got a payout, I am however intrigued by Bet Phoenix. I will likely try them.

bigboydan · 10-01-08, 02:05 PM

I just tried to contact BetPhoenix for an updated status and there customer service rep was pretty clueless of this matter. However, they did inform me that somebody from there management team will advise me of the situation later tonight.

poetwarrior41 · 10-01-08, 02:10 PM

Im with Mr. Falcone on this one, why would anybody want to buy a book riddled with debt? If it does go through, good news for Nicky and the rest of the peeps owed money. But im guessing there will be a huge rollover plan for you guys to complete.

Mudcat · 10-01-08, 02:15 PM

Originally posted by poetwarrior41

Im with Mr. Falcone on this one, why would anybody want to buy a book riddled with debt? If it does go through, good news for Nicky and the rest of the peeps owed money. But im guessing there will be a huge rollover plan for you guys to complete.

I don't know the answer of why they would do it; all I can say is I have seen it happen many times in my years in the industry. Actually tomcowley's reasoning seems pretty sound to me. There is a big difference between having a bunch of signed-up funded customers than just having a paper list of names like Falcone is referencing.

Anyway, it does happen and there must be some reason. We'll see about this one.

I wouldn't anticipate any additional rollover for MANIA customers if the deal goes through. That's my guess.

Nicky Santoro · 10-01-08, 02:17 PM

whether they are bought out or not, or some rollover comes into effect.. all i know is that 2 months ago, RICHARD.. who i have dealt with forever, since the days of BETROYAL.. told me on the phone.. he said.. NICKY.. you know i am straight up with you.. IF you are not paid in full by NOVEMBER... I swear, that i will send you your full amount myself.. NICKY, you will be paid in full by NOVEMBER.. his exact words.. so according to him, I will be paid in full, whether betphoenix takes over or not.. I will see in 1 month if this is true.. I can't wait to see.. I don't see how this guy here can lie to me.. i've known him for so long... i hope we all get paid.. If i get any payments, i will fill you all in..

SSLP · 10-01-08, 04:21 PM

Richard is solid , your funds are safe specially now under such a good book like phoenix

blackbart · 10-01-08, 05:06 PM

falcone we would like to know why then?

Mudcat · 10-01-08, 05:53 PM

In an interesting twist, $1000 disappeared from my MANIA account today. I phoned and it is for a Moneygram payout that was requested awhile back.

While on the phone to get the pick-up info, I asked the man at MANIA if the Phoenix deal had gone through and he said no, they're still working on it.

But at least they're still processing payouts.

cincy · 10-01-08, 05:55 PM

I thought BetMania had some connection with Skybook, IIS and RIO. Does this impact Skybook at all?

bigboydan · 10-01-08, 05:59 PM

There was a connection at one point, however they were two separate entities. Now to answer your question about this having an impact on Skybook, that answer would be no.

blackbart · 10-03-08, 02:05 PM

so any update

Mudcat · 10-03-08, 02:39 PM

Just wondering about that myself.

I did get the Moneygram that BetMania sent with no problem, so I can report that that worked regardless.

Bill Dozer · 10-03-08, 02:55 PM

We are told there is a contract that needs to be finalized. That was supposed to be done yesterday. I expect a call later today.

Mudcat · 10-04-08, 10:10 AM

The drummer is getting very tired from this extended drumroll.

20Four7 · 10-04-08, 10:15 AM

Originally posted by Mudcat

The drummer is getting very tired from this extended drumroll.

Then get out your guitar...... or just play guitar hero while waiting.

Mudcat · 10-04-08, 10:22 AM

I mean, who the hell is working on this deal? The NHL and the player's association?

bigboydan · 10-04-08, 11:32 AM

Hopefully one of their representatives will give us an update on the current situation as they informed me earlier in post #9 (3 days ago) they would.

bigboydan · 10-04-08, 03:28 PM

BetPhoenix (SBR rating B) tells SBR that ownership of BetMania will be made official on Monday. BetMania (SBR rating D) will be reassessed early next week.

Mudcat · 10-04-08, 03:37 PM

Alright. My reaction of "sounds good" will also be made official on Monday.

Mudcat · 10-09-08, 11:35 AM

So? Has the blessed event come to pass?

bigboydan · 10-09-08, 12:48 PM

According to the report in post #26 in this thread It was made official on Monday October 6th Mudcat.

Mudcat · 10-09-08, 01:21 PM

I see post 26 there. Looks like you and I interpret it differently.

When it is reported that someone said something will be made official at some future time, I do not automatically mark it in pen on my calendar. In my experience, sometimes things don't go as planned. I still want a confirmation when it actually happens.

Also, I haven't seen any sign of the re-assessment of BetMania which it says would happen early this week. Still rated D. So even more, I have to question post 26.

Post 26 aside, is there any official word?

bigloser · 10-11-08, 12:42 PM

Am I right in thinking this hasnt happened?

Has the deal fallen through?

Nicky Santoro · 10-11-08, 01:02 PM

boys, is it official that betmania has been bought out? Can i finally ask for a withdrawal? not fun having your money tied up for 3 yrs and being lied to all the time, and then getting a 1k payout every 2.5 months..

Mudcat · 10-11-08, 01:22 PM

Originally posted by Nicky Santauro

boys, is it official that betmania has been bought out? Can i finally ask for a withdrawal? not fun having your money tied up for 3 yrs and being lied to all the time, and then getting a 1k payout every 2.5 months..

I am also interested in having this question answered but you can withdraw from Betmania regardless. All kinds of people have gotten lots of money out over the summer. As I reported in this thread, I got a MANIA payout about a week ago. I got 4 payouts from there over ~ a month.

I'm assuming you're exaggerating for effect. 3 years? I don't think they've even been around that long. Regardless, there have been lots of times over their history that MANIA was paying out smoothly and you should have had no problem.

Hopefully the deal goes through because they say it will open up more payout options - but if not, just talk to Fred.

bigloser · 10-11-08, 07:53 PM

i havent managed to get a payment. Have tried for at least 9 months. Desperately waiting for the takeover

blackbart · 10-12-08, 07:55 PM

all i know is ever since mania went to phoenix software its been nothing but trouble and no answers. it hasnt worked all weekend, after being undependable before.

does anyone have any firm info?