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News on scam sports betting operations, events and business deals within the offshore sports gambling industry.

04.02.2012

The SBR Poker Championship 2012 series began today. The six-month long competition awards a whopping one million+ poker points, as well as $15,000 in cash to the final table of the championship event September 15th. The tournament series is broken down by SBR Forum video analyst Peter Loshack:

 

Cashpoint player submits account dispute

04.01.2012


A Cashpoint (SBR rating C-) submits a sportsbook dispute. The player opened an account in January of 2012, depositing $1,000. The player states that his first withdrawal went through smoothly, but after requesting a second payment he noticed he could no longer log-in. The player states that he receives a message saying his account does not exist. The player claims to have approximately $560 left in his account. SBR is following up with the sportsbook.

BetPhoenix payout dispute

03.31.2012


A BetPhoenix (SBR rating C) player states he has been attempting to be paid £3,000 for approximately three months. The player claims he first requested payment prior to New Year's. He was initially to be paid through Moneybookers in two batches, in line with an alleged £2,500 cap per week. The player placed the first payout request and was told he could place the remaining payment request after a week.  The player followed the sportsbook's instructions and his full balance was to be paid via Moneybookers in approximately 10 to 14 business days. Mid-January, the player followed up as no funds were received to Moneybookers. He was told that there were processor issues, but that he could expect the funds soon. In February, a botched bank transfer was allegedly made, which the player did not recieve. As of March 31st, 2012, he has still not been paid.

A second BetPhoenix player reports having a $38,000 balance and being on a payment plan. The player had received $5,000 a month previously, but received only $3,000 toward his balance in March. The player claims that he was told that being the slow season he could only receive $3,000 with a $100 fee.

 

AmericasBookie payment complaint update

03.29.2012


AmericasBookie (SBR rating D+) management addresses the payout dispute reported by SBR on March 27th, 2012. SBR was told that the book recently upgraded to a new software build, and that the player has been sent a cheque for the requested $5,000. The player's original request was made on March 6th. 

03.28.2012


SBR analyst Natalie Rydström covers the latest in the online gambling news mailbox. Natalie discusses the recent Legends (SBR rating A+) domain change, the Sportsbook.com card-counting dispute, and other recent online sportsbook news items.

AmericasBookie payment complaint hits SBR mailbag

03.27.2012


An AmericasBookie (SBR rating D+) player submits a payment complaint. The player states that he requested a withdrawal on March 6th for $5,000. He tells SBR that after three days the funds were not removed from his account. The player followed up with AmericasBookie management, and was told that the funds would be docked from the account on March 12th, then sent out via a processing method within four days. The player states that AmericasBookie did not remove the funds until March 13th, and when the funds were removed no tracking information was provided (as promised). The player was told he would have the number by the end of the week. When the end of the week arrived, no tracking information nor payment had been received. The player called again on March 23rd and was provided no information on the status of his payment. 
 

Legends to change domain to .Eu

03.25.2012


Legends (SBR rating A+) will make the switch to BetLegends.eu tomorrow morning. Legends is the latest sportsbook to change domain names on the heels of legal controversy and in some cases outright seizures of the ".com" domains. Many iGaming sportsbooks now sport a .Eu, .Ag, or .Cz domain. Legends management tells SBR that nothing will change in player accounts and that the switch is merely a business decision.

International iGaming Industry News Report

03.24.2012


SBR analyst Natalie delivers an iGaming Industry News report. Natalie discusses both international and stateside online gambling headlines.

 

 

Spain's Deputy General Director of Gambling, Juan Carlos Alfonso Rubio, resigned last week. The abrupt resignation may delay the Spanish market opening. Recently, Bodog Sportsbook (SBR rating A) in the UK announced that it would no longer service customers from Spain, expecting the regulatory framework to soon be in place. Operators Poker Stars and Party Poker are among the two biggest gaming firms in line to enter the Spanish market.

03.23.2012

UPDATE: Sportsbook.com has reversed its decision and agreed to pay the player in full.

Sportsbook.com US (SBR rating D-) has confiscated $35,000 from a winning casino player. The funds seizure took place on March 14th, 2012. Four days later, Sportsbook.com updated its rules page to add a provision on card counting.

Proposed consumption tax in UK budget plan

03.22.2012
Chancellor Osborne announced during a UK budget speech Wednesday plans to introduce a "point of consumption" tax for remote online gambling operators. The Chancellor touched on overseas operators avoiding the flat 15% tax rate on UK-based operations. This legislation is expected to restore the balance between offshore and onshore operators, whilst providing additional revenue for the Treasury. 

Chancellor Osborne to the House of Commons: Ninety percent of online gambling consumed by our citizens is now supplied from outside the UK and the remaining UK operations are under pressure to leave. This is clearly not fair and not a sensible way to support jobs in Britain. So, we intend to introduce a tax regime based on the place of consumption, where the customer is based, not the company.

It remains to be seen exactly how the point of consumption tax will be enforced, and if it will become law during the autumn financial statement or during the 2013 UK budget.

03.21.2012


SBR analyst Natalie breaks down the latest in the online sportsbook world. Natalie discusses news items from the SBR newswire feed, as well as other industry nuggets in her "Weekly Roundup" show.

Online gambling in the US update

03.21.2012


On March 8th, 2012, SBR interviewed New Jersey State Senator Raymond Lesniak regarding a bill ("S1565") introducing legalised online gambling. SBR followed up with Senator Lesniak for a comment one week later:

NJ State Senator Raymond Lesniak: We're back on track to get on line gaming started in New Jersey having received Governor Christie's administrations amendments regarding licensing procedures. It will be approved by both houses by mid-May and signed by Governor Christie shortly thereafter.


In addition to New Jersey, California is one of the states in the hunt for legalising online gambling (sports betting, casino, poker); as well as the possibility of regulating intra-state betting. On March 20th, 2012, an SBR sportsbook news video report featured an interview with State Senator Roderick Wright, who discussed California's plans.

Nearly six years after the passage of the Unlawful Internet Gambling Enforcement Act ("UIGEA")—legislation concerning financial institutions processing online gambling transactions—the prospect of legalised online gambling at the state level is becoming more of a reality.

SBR will update this report as more news develops.

 

EnterBet player from SBR report paid after nearly three years

03.19.2012


An EnterBet (SBR rating D-) player who filed an SBR complaint on December 7th, 2011 has been paid. The player detailed in his claim against EnterBet that he had been owed $2,000 for approximately two years. The player had written off his chances at ever being paid from the notorious slow-pay outfit, which caters mostly to casino players these days. SBR contacted EnterBet on the player's behalf in December, but the case fell cold. On Monday, March 19th, 2012, an EnterBet manager contacted SBR stating that the claim had been settled. The player allegedly received an agreed upon amount, as records of his old balance were allegedly lost. SBR has contacted the player to confirm the amount paid and his acceptance of the reported deal.

Scam alert: 21KBet sportsbook does not pay players

03.18.2012


21KBet (SBR rating F) is not paying players. The scam sportsbook continues to attract players by advertising deposit bonuses up to 100%. A player has filed a complaint with SBR stating that after depositing €300 and completing the required rollover, 21KBet ceased all communication. The player has been attempting to withdraw a balance of €1,000 for two months. 21KBet no longer comments to SBR. SBR published a report on the scam sportsbook's history last month.

Sportsbetting.com player payment dispute

03.17.2012


Sportsbetting.com (SBR rating C) tells SBR that payments now take up to 20 business days. One player reports waiting for a $2,500 cheque since February 3rd, 2012. The player states that despite phoning Sportsbetting.com (ag) and emailing at least once per day, he has been given generic updates and in some cases had his patience questioned. SBR advised the sportsbook that this player has waited ten days in excess of their posted time-frame, and pointed out that his initial payment request (which he was paid only half of) was made in December of 2011. The player had a nightmarish experience where his original withdrawal request was ultimately cancelled. He received a partial payment via cheque on February 1st, then immediately requested the remainder of his funds. SBR will update this report.

GetWin slow-pay #8

03.16.2012


A GetWin (SBR rating D+) player submits a payment complaint. The player tells SBR that he attempted a withdrawal of €347 on 2/6/2012, and has not yet received his funds. GetWin has failed to provide updates on the withdrawal status. This report is the eighth of a GetWin slow-pay. GetWin Sportsbook's rating has been adjusted to D+. SBR will update this report.

SBRforum NCAA Brackets Contest 2012 contest kicks off

03.15.2012


817 users are competing in the 100,000 point NCAA Brackets contest. There are currently 217 perfect brackets. SBRforum will pay $50,000 to any contestant that finishes the tournament without a loss. In addition to the cash pot, posters are competing for a larger share of SBR points. SBR points are a virtual currency that can be used throughout the SBR network; in SBR Contests, SBR Poker,  the SBR virtual sportsbook and casino, and the SBR Store. The SBR Store features items such as apparel, electronics, merchandise and other goodies.

Bovada closes accounts of Maryland players

03.14.2012


Bovada (SBR rating A) has closed the accounts of players residing in Maryland. Players will be paid their balances in full. Bovada management tells SBR that they are communicating  through email and telephone to impacted players.

On February 27th, SBR reported that Bodog was the latest sportsbook to have a ".com" domain confiscated. A federal indictment was unsealed by the U.S. attorney's office in Baltimore, naming alleged Bodog executives on charges of unlawful gambling.

Before year's end, SBR reported that the Morris Mohawk Gaming Group's brand licensing agreement expired with the Bodog Brand. As a result, MMGG rebranded their sportsbook as Bovada. No Bodog brand licensee currently serves the US market.

Maryland players with feedback are asked to write to SBR.

Bet24 player has balance confiscated

03.13.2012


A Bet24 (SBR rating C) player claims that €214 was confiscated. The player states that after asking for a withdrawal, Bet24 stated that he was guilty of operating multiple accounts --- a claim the player denies. Bet24 has currently not provided comment to SBR, and has not offered the player proof of its allegation.

On July 27th, SBR published an interview with Bet24 regarding an electronic security breach. Nordic Betting Limited, which operates Bet24, sent an email to all player accounts informing them of the breach.

03.13.2012


Matchbook (SBR rating B) management tells SBR that the betting exchange now offers players the ability to choose their currency. Players were previously limited to accounts in USD. Matchbook now features EUR, GBP, CDN, HKD in addition to USD. | Matchbook press release

Andrew Pantling, CEO of Matchbook.com:

 

We are very happy to announce that all customers of Matchbook will now be able to bet in currencies other than USD. Since March 2011 , when the company was newly acquired, the growth we have achieved has surprised even us. This further confirms our belief that the industry is crying out for a low commission, betting exchange alternative which delivers value back to the punter. These are exciting times for Matchbook and sports gamblers alike, and will allow us to expand on the growth we've already seen, as well as adding to our position as the number 1 place to bet NFL, NBA, NHL and MLB


Matchbook has been in operation since 2004. The company was acquired in 2011 by UK investors. SBR reported on the Matchbook sale on March 3rd, 2011. Matchbook's goal since the acquisition has been to diversify their European and Asian betting markets. Matchbook management tells SBR that the launch of multiple currencies, as well as plans to launch a multi-lingual platform will further solidify the exchange as a global option.

Matchbook is licensed by the Alderney Gambling Control Commission (AGCC), as well as an additional licensing from the government of Antigua and Barbuda.

 

RebateWager no longer accepting new users

03.12.2012


RebateWager (SBR rating B) will no longer accept new users. Management tells SBR the move will allow the sportsbook to focus on its active business. Existing RebateWager customers have historically reported positive feedback on customer service and payment time. RebateWager's unique offering was to give large rebates on losing wagers per week for players choosing the cash-back account setting. RebateWager tells SBR that the player registration change aside, it is business as usual.