Bovada withdrawals

[davidchong]

I dont know, but i think due the process of usa vs. calvin maybe account are frozen and under investigation, so they dont have access to the money and theyre working with the fresh money, repeat i dont know, maybe this one is the reason that payout are delayed and too slow....

GL to those waiting for a payment from bodog.

[prop]

Bodog appears to have cash flow issues, but does also appear they'll be paying everyone and are working through it. A few things that I'm not sure made this thread:

Positives that could free up cash:

1) Their 2-year shirt sponsorship with an English Premier League team ended a year early.
2) Hard to know with the related party issues because the nature of this sort of business (they largely service illegal markets) but their company reported sale of their poker network to Haydock Entertainment (who licenses Bodog88). *if legit as opposed to related company, frees up some cash to clear debts.
3) Bodog Europe CEO Patrik Selin (high profile - had previously been CEO of OnGame when they sold to BWIN) said he'll be stepping down soon, leaving the brand all together (still with them at this time, is transition period).

Probably Hurting Cash Flow:

4) I've been told by several Canadians Skrill (Moneybookers) is no longer a deposit/withdrawal option. I'm not sure what countries this applies too. Most other indicted companies lost their skrill accounts quickly too: in past Full Tilt, Absolute Poker, Ultimate Bet, and currently Bookmaker and associated companies indicted - stopped accepting skill shortly after indictment - so is perhaps the reason why. This had to hurt deposits coming in.

5) They can downplay the loss of domain but that still had great type in traffic that redirected, still had great search results, and still had old links. Has to hurt!

Other Signs of Financial Issues:

6) Their affiliate program did issue some past due payments, but remains well behind paying many affiliates - including to Neteller and Skill accounts and bankwires to fully legal markets (including many in UK where they hold *but are not using* a gambling license*).

Finally an observation: They Always Paid Before - is a STUPID STATEMENT! LOL Direcbet, PokerSport, JetSet, Full Tilt, Absolute Poker, Ultimate Bet, Pokes Poker, Royal Card Club, Arctic Poker, 17 more Tusks sites, BetonSports, WSEX, Pitbull Poker, BetEd, Stryke, Eurolinx, BetonBet and several hundred additional sites (could go on and on) always paid until they stopped paying. This how it works! The fact they always paid everyone is a good sign they will keep trying but it doesn't change the warning signs that the company is likely strapped for cash at the moment, and also has new legal challenges to contend with. The positive is it does seem they'll change around or sell what they need to and get who is owned paid. They own many web portals, own slots.com, and all sorts of things - cash doesn't equal worth - not close. I suspect though they're short right now on "cash" which caused the payout delays.

[princecharles]

Your niavete is actually kinda cute:-)
Your grade for this 'opus'
Book smart grade A+
Street smart grade D

[Halstad]

In response to prop, what does any of what you wrote have to do with Bovada?

[JoeyG88]

approval date was 4/18. got my check on 6/13. took 39 buisness days. it cleared into my account the next day. be patient and your check will come

[parkerdanny16]

ray said i should have my tracking number wednesday but this is also the third time ive heard that so im not to confident about this one. wednesday will be business day 40 and about 2 months total

[vaas187]

I totally agree with you, no one should have to wait 2 months for a payout. I was only pointing that out so that you have an idea of when to expect a payment instead of calling Bovada CS, since they won't be able to give you a direct answer anyways. Yeah, my biggest gripe about this situation is not knowing when I'll receive my check, it went from 15 to 20 to 25 to 30 business days. Like you said, It's not the waiting so much that gets me irritated, it's the not knowing when I'm going to get the $. If Bovada would've told me that it'll take 2 months to get my $$$ then I would've accepted that from the beginning. Instead they tell you and change their time frames not 2, 3, but 4 times. I think this is what got most of us upset about this situation.

how the hell did you understand his jiberish?

[prop]

In response to prop, what does any of what you wrote have to do with Bovada

Maybe it does maybe it doesn't. It depends if you buy the official line that these are different companies. I couldn't tell you one way or another if they are or if they are not. However what I can provide is a history lesson.

The lineage of these companies starts with a software provider called Cyberroad established in 1997. It powered mayansports.com, thebigbook.com, and granprixsports.com which all launched in early 1998. There was also separate company registered called eBanx and took out ads along the lines of the sportsbook doesn't see the money unless they win it and all is held with eBanx. Pretty sure they had same ownership (later they did a press release though talking about acquiring eBanx - even though probably already owned it). So anyways Calvin Ayre worked as "consultant" to these companies (was mastermind) while another company in his control called El Moro Finance Ltd. (BVI) was a secured creditor. They all went bankrupt (investors lost stake) and El Moro got the assets. Mayan went offline, Big Book and Grand Prix merged, and then shared an office with a new company that started up in 2000 or 2001 called Bodog. These were powered by eSportz.

Some controversy at the time. eSportz was a secured creditor of Cyberroad and then when went bankrupt just took over with a new name. Calvin Ayre was mastermind behind Cyberroad but just a "consultant" to all companies. However, most lost investing with him. When this change happened he immediately began using the alias Cole Turner. Also Bodog launched using Mayan Sports database of players just sent them emails saying accounts were moved here. For years Mayan accused them of stealing their players. And claimed they were working to get new software when their current provider failed, but Bodog stole their clients. They emailed all these players accusing Bodog of this. (anyways Mayan turned out to not be very reputable anyways).

Note: When Cole Turned later revealed he was Calvin Ayre - which much already knew was the case. The Mayan accusations restarted. This clouds the history though because some got far fetched.

Anyways there were series of all sorts of other companies that were separate but Cole Turner (alias of Calvin Ayre) is believed to have controlled. Ex: Kazootek Technologies Ltd. So whatever the case is there's always been these companies associated with companies. (is multiple cases of related party sales as well).

So where did the name Bovada come from? Well in 2007 after UIGEA Bodog planned to create a non-US brand called Bovada, the company was registered but financial trouble kept them from setting it up. They had a lot of money siezed. This is all covered on multiple sites. In fact a couple of them are rementioned in the Calvin Ayre indictment and can go searching on those (some interesting stuff in Google there - but will stay within guidelines not naming names - other than the long time face Calvin Ayre as no harm mentioning him in this post - and all discussed here is public record ).

On August 27, 2008 Bodog's domain names seized. No one ever head of of Mohawk Morris Gaming Group (MMGG) at this time. When it went down an email was sent out by Calvin Ayre (calvin@ email address bodog(dot) com. “Bodog.com is currently experiencing technical difficulties. I'm very sorry for the inconvenience… All of us at Bodog are working hard to get things fixed as fast as possible…”. The next day he (Calvin Ayre) sent another email (signed CEO and Founder) saying the problems are due to an ownership dispute they are working to get it sorted and can use newbodog.com.

on September 6, 2007 (and over the few days that followed) Bodog began releasing numerous "backdated" press releases claiming they had recently transferred ownership of North American business to Mohawk Morris Gaming Group (MMGG). The court documents from this dispute are interesting. But can see they didn't buy the sale and judge asked for all of Calvin Ayre's financial documents, tax receipts etc. After appeals and moving case eventually they paid a ton and got the domain back (MMGG did, getting back Bodog.com).

What they did at the time wasn't unique. Ultimate Bet and Absolute Poker had transferred ownership to Joseph Tokwiro Norton, former Grand Chief of Kahnawake. Bodog transferred ownership to Alwyn Morris who was Norton's senior adviser for twelve years.

I'll leave it there for research and mods can edit out anything non kosher in this post - however everything stated here is a matter of public record, and went no further than that. Additional research might change opinion on whether post had anything to do with Bovada or not. Name Bovada has been around for a lot longer than recent times, and MMGG only showed up when serious legal trouble started.

Some final points are in the court records from latest indictment - but will let anyone who cares to read, go find them and read.

[frezera76]

becouse is smarter then u,,,,,,lol

[BovadaSucks]

I really think they don't know exactly. It could be sooner. The way it works for them and a lot of their competition is they are always looking for new resources to send users money. When they don't keep many options there is a chance they lose a big one and dont have enough to cover the volume. They could land one tomorrow or they will have to just catch up as NBA and racing season closes out and activity goes down. They have had this problem about two years ago and it took them about 3 months to get back to the initial quoted times. Players weren't especially concerned because their non-USA players were shown to still be getting paid in a day or two. It's frustrating all the same.

May I make a suggestion for Bovada and future "E-casinos"..........why not just temporarily shut down the business, as far as taking in money and whatever; and really making the initiative to accommodate the literal 1,000's of loyal customers they are positively letting down.

[fireinmybelly]

Just tried to call Bovada, asked to speak to Ray. Was put on hold and listen to their shit music, was told I will not be transferred because I do not know his extension. UNreal this Bovada... How do I get a hold of Ray?

[ericb1963]

Check received and deposited. Total elapsed time from payout request confirmation: 55 days. My check came with a note that the check MUST be deposited into MY checking account, so that is what I did. I pulled up to the bank teller and they took the check with no problems. I will only repost on this issue if I have an issue with the check clearing as some of you have had problems with. Yes, 55 days is too long....but Bovada is paying out. I will continue to play with Bovada. Good Luck all!!!

[djeffectz]

Check received and deposited. Total elapsed time from payout request confirmation: 55 days. My check came with a note that the check MUST be deposited into MY checking account, so that is what I did. I pulled up to the bank teller and they took the check with no problems. I will only repost on this issue if I have an issue with the check clearing as some of you have had problems with. Yes, 55 days is too long....but Bovada is paying out. I will continue to play with Bovada. Good Luck all!!!

Congrats bro, I thought my wait for 33 days was long, its nothing campared to you... after reading, I have hope receiving my check now...

[godogs#1]

My payout

I waited since 4-14 and received check last week and deposited with no problems and which as far as I know will clear.

[godogs#1]

My payout

I felt so good about finally getting paid that I sent them money and lost and chased with a drunk boxing parlay which I won thank god. Let you know payout time.

[LoveToPlay]

Over 32 Days Waiting

I had a payout with Bovada approved on May 6 and it's now over 32 business days and still no news...I'm beginning to wonder if they will EVER make good on this payout. They keep sending the same BS form email in response to requests about SOME idea on if I'll even get the payout.

Can anyone help? Can anything be done?

I'm definitely not playing there again.

[LoveToPlay]

Still waiting and it's day 32. Requested it and got approved on May 6...it's June 19 and still not a clue of when I'll get it.

[Nate728]

I had a payout with Bovada approved on May 6 and it's now over 32 business days and still no news...I'm beginning to wonder if they will EVER make good on this payout. They keep sending the same BS form email in response to requests about SOME idea on if I'll even get the payout.

Can anyone help? Can anything be done?

I'm definitely not playing there again.

Well if you'll just read the previous posts then you'll have an idea of when you'll receive your payout. Just don't come on here and start complaining and asking questions, please read the posts and the answers to your questions were already answered by a lot of people. If you're too lazy to read then you don't deserve an answer.

[djeffectz]

Wow, its a miracle, I filled out a complaint form and I recieved the tracking number today, will be recieving the check tomorrow, thanks SBR!!!!

[SBR Lou]

Wow, its a miracle, I filled out a complaint form and I recieved the tracking number today, will be recieving the check tomorrow, thanks SBR!!!!

Thanks for updating us. Around $20,000 was confirmed as paid by players in the last week. Looks like the ball is rolling.

[Halstad]

Wow, its a miracle, I filled out a complaint form and I recieved the tracking number today, will be recieving the check tomorrow, thanks SBR!!!!

I doubt SBR had anything to do with it. Coincidence IMO.

[Nate728]

Just got my 3rd check today, this time it's a Canadian check. Came yesterday Fedex but I wasn't home to sign for it, just went and deposit it. So 3 out of 4, one more check to go!

[Intuitive_Edge]

Talk about a depressing thread. Amazing how great they were least year with W/D's and awful they have become since the switch to Bovada

[djeffectz]

just recieved the check, will deposit tomorrow morning.... Dont worry guys, you will get your check, I was losing hope myself, I wont play at Bovada till they fix their payments...

[jer7218]

Still waiting as of 5/7, has anyone received any payouts from early May yet?

[Halstad]

Still waiting as of 5/7, has anyone received any payouts from early May yet?

There are a few people who have, myself included, but most posters haven't. I think you're 1-2 weeks away.

[Piscataquis]

I received a check today for two payouts, one requested May 3rd, the other requested June 4th.The payouts were combined in one check. I had sent two emails after the first payout passed 25business days, but just got the standard we are working on it and have no idea when you will get your check response. Hopefully this means that they have worked through this log jam of payouts.

[parkerdanny16]

recieved and deposited my check today from singapore hope it clears

[Khiaao]

I received a check today for two payouts, one requested May 3rd, the other requested June 4th.The payouts were combined in one check. I had sent two emails after the first payout passed 25business days, but just got the standard we are working on it and have no idea when you will get your check response. Hopefully this means that they have worked through this log jam of payouts.

We will see,, i requested mines May 5th. but still no tracking number email either

[JR84K]

May 5 2012 payout request

Hey guys! Well I also have a approved and processing payout from Bovada. I am now on business day 34 and real day 47 I believe. I have called and emailed and am always treated nice but receive the same answer everytime. Still now word on when my payment will be sent or where in the process exactly is my payout. I am wondering that since this is my first payout requested and it is for the one check Max amount,(3k) I am wondering that this may be contributing to my non payment. I have hope that I will be paid, but so far this has left a dirty taste for online betting. I will be sure to keep you all informed of my payout status! Thanks !

[Halstad]

Hey guys! Well I also have a approved and processing payout from Bovada. I am now on business day 34 and real day 47 I believe. I have called and emailed and am always treated nice but receive the same answer everytime. Still now word on when my payment will be sent or where in the process exactly is my payout. I am wondering that since this is my first payout requested and it is for the one check Max amount,(3k) I am wondering that this may be contributing to my non payment. I have hope that I will be paid, but so far this has left a dirty taste for online betting. I will be sure to keep you all informed of my payout status! Thanks !

No, it's not.

[parkerdanny16]

i believe my check is going to bounce, they cleared the funds last night then took them back this morning, when i called the bank manager ask if i was supposed to send money to somebody for the check I told her no it was for some website work i did, so she believes it is a bad check she is supposed to contact me next week with more info. im so f***ing fed up with bovada

[Nate728]

i believe my check is going to bounce, they cleared the funds last night then took them back this morning, when i called the bank manager ask if i was supposed to send money to somebody for the check I told her no it was for some website work i did, so she believes it is a bad check she is supposed to contact me next week with more info. im so f***ing fed up with bovada

Sorry to hear that, my first 2 checks were both from Singapore and they both cleared. They were both for 3G's.

[parkerdanny16]

Sorry to hear that, my first 2 checks were both from Singapore and they both cleared. They were both for 3G's.

Mine was for 3k also, I dont really know where to go from here this is the first time this has happened . i guess i cant do anything else but wait until she contacts me back.

[Piscataquis]

Mine was for 3k also, I dont really know where to go from here this is the first time this has happened . i guess i cant do anything else but wait until she contacts me back.

All foreign checks take longer to clear than US checks. I believe it usually takes around 5 days for a check from Canada to clear, I don't know how long one from Singapore would take, probably longer. My bank gives me access to money before a check actually clears, so I just wait a while to make sure the check has actually cleared before I use that money. I hope your bank just looked at the amount and decided that it would be more prudent to wait till it actually cleared to give you access to your money. It may not mean that your check is going to bounce.