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SPORTS BETTING INDUSTRY NEWS RSS

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

SBR Bill Dozer reports:

06.13.2004
Gold Palace (SBR rating F-) targeting large players via telemarketing. Scam campaign is expected to intensify with football approaching.

SBR Bill Dozer reports:

06.11.2004
Cris (SBR rating A+) publicly announces financial backing of Option Sports (SBR rating B-). Option Sports utilizes Cris technical resources, Cris customer service and is located in the Cris building.

SBR Interviews:

06.11.2004

The SBR Team interviews Tony, CEO and owner of 5 Dimes Sportsbook. Read the 1st Part of this interview: The Sharp Player Who Became A Shrewd Bookmaker; Part I

SBR mail bag:

06.11.2004
Player reports BetOnSports (SBR rating D+) that he is being slow-paid for $750, SportsInteraction (SBR rating D-) asking player to send in his Western Union deposit receipt from January 2003, before they will process his payout. Complaints from Gold Palace (SBR rating F-) Internet1x2 (SBR rating F) Apex (SBR rating F+) and BetCSI (SBR rating D-) also continue to pour in.

SBR announces the tragic passing

06.09.2004
of one of the most likeable, funny and capable persons in the industry. Ms. Sherlor Smith, age 26, was a long time fixture in the WWTS marketing department. The charismatic and beautiful mother leaves behind 3 year old son Tristen. Sherlor was a true WWTS person with a permanent smile, a strong work ethic and a sense of humor that made her an instant friend.

SBR donates $500 to the Sherlor Smith Fund which has grown to over $11,000 thanks to WWTS and WWTS employees. If you would like to donate to help the family of Sherlor and Tristen please call WWTS. We will post more information on how to donate when the details become available.

SBR Bill Dozer reports:

06.08.2004
Players request that SBR monitor Apex Sportsbook (SBR rating F+) payment plan. SBR contacts Apex who agreed to provide disclosure of balances and payment plans to SBR for all players that request that SBR monitor payment plan. If you are owed money by Apex and would like SBR to monitor your payout plan write to Bill Dozer at assistance@sportbookreview.com.

SBR team heading to Antigua June 16th

06.07.2004
to visit WWTS (SBR rating A+), Intertops (SBR rating B) and WSEX (SBR rating A-). On June 19th the SBR team heads for Jamaica for a meeting with legendary operator Spiros of Olympic (SBR rating A+) and BetJamaica (SBR rating A+). Look for a video tour of Olympic in the review sections later in June.

Olympic (SBR rating A+)

06.05.2004
 - A long time employee tells SBR that he expects Olympic to move from Jamaica and that Costa Rica and Panama are not out of the running. The odds-on favorite to receive Olympic is still Antigua however tours of other locations continue indicating a final decision has yet to be reached.

BetRoyal (SBR rating D) problems mount

06.05.2004
- Royal sponsors finally admitting that this book is in serious trouble. SBR downgraded Royal on January 6th, 2004 and has pressed Royal for months to disclose how much players money they have left to a third party of their choice. SBR continues to request that sponsors, payment solution providers, Curacao officials and players exert pressure on Royal to come clean and disclose what portion, if any, of players money is still held by Royal Sports.

SBR rates Apex Sportsbook:

06.04.2004
- Robbie from Apex Sportsbook (SBR Rating F+) has presented documentation with the figures of his total turnover and percentages of hold. SBR believes this is a book that has been encouraging sharp action as of late and it seems obvious they do not have the ability to handle this type of action. The latest marketing moves are aimed to amend this severe leak of revenue. As of today, Robbie form Apex has stated his operation owes $100,000 to a group of 20-25 sharp players. He has further stated that all these outstanding balances will be paid out in 2 weeks. SBR to re-evaluate Apex situation in 2 weeks.

SBR Syndicated News:

06.04.2004

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SBR Bill Dozer reports:

06.03.2004
BetCSI (SBR rating D-) is the subject of 15 day slow pay complaints. Players are being told the book is going through a transition period involving a software and location change. CSI is also auditing accounts after payout requests are made.

Ask Bill Dozer

06.01.2004

- The SBR Team would like to provide the offshore players with an open channel of communication. Ask Bill Dozer will be a section created to address all questions about offshore sportsbooks. Post your question now

Submit Your Own Review

05.31.2004

- Share your experiences about offshore sportsbooks with other players. SBR will collect this info and display it for the benefit of all offshore sportsbook players.

Potentially big week on the sportsbook acquisition front.

05.31.2004
A sportsbook tells SBR that they have turned down a $2.5 million offer from an SBR top ten book. The selling book believes an acceptable price will be reached. Another merger involving two top ten SBR sportsbooks is in the serious stages of negotiation, involving two seemingly unlikely candidates.

SirBet (SBR rating C+)

05.29.2004
will likely drop their post-up operation or at a minimum deemphasize that part of their business preferring instead to focus on their well established credit business.

SBR has positive meeting with BetRoyal (SBR rating D)

05.29.2004
Caught in the crossfire is the likeable and professional Kevin K., the new CEO of Royal. SBR believes given the resources and authority, Kevin K. could revive Royal from the mismanagement and poor business decisions which he inherited. The meeting between SBR and Royal had just concluded when SBR learned of slow pays to employees and employees that no longer have advanced schedules but instead are on daily call-in. The relationship between Royal and MajorBetting was also discussed and SBR is of the opinion that this book has little chance to survive. On a positive note, Royal indicated they have come to terms with Leo of the MVP group as head linesman. Kevin from Royal has drastically reduced the amount of office space leased and cut costs in many areas and from SBR's observations, done an excellent job given the business he inherited and the lack of funds. Royal would not be a slow-pay book if Kevin had the resources to pay on demand. The Royal investors have poured millions of dollars into Royal in the last couple of years only to see it mismanaged away. Royal finally has a CEO worthy of investment and should give this operator a chance. The industry and especially those here in Curacao, should pressure the Royal ownership to properly fund this operation. Otherwise, Royal's ability to survive until football is probably no better than 50-50 and may be considerably worse.

SBR Bill Dozer reports:

05.28.2004
EZsportsbetting/Betonsportsonline (SBR rating F) not processing withdrawals. They do not have player funds and are counting on football season to keep the lights on.

SBR Bill Dozer reports:

05.26.2004
Due to negative comments made by player in public posting forums, GoldBet (SBR rating D+) withholds client funds. "By paying Mr. ******** out now we would reward the behavior he showed and our reward would be the loss of reputation we could suffer because of this."

SBR Bill Dozer reports:

05.25.2004
SBR inquires about $150 payout request from over one month ago: Telebet/ESB (SBR rating F-) replies "We only serve players who bet real money". Telebet once again confirms their status as a scam operation.