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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:

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.

Sportsbook.com (SBR rating C) experiencing all too familiar slow pay complaints.

05.21.2004
Just two weeks after a rare upgrade, SBR is forced to lower Sportsbook.com to a rating of C. SBR is hit with no less than 10 complaints on Sportsbook.com. Players should note that SBR recognizes that Sportsbook.com has a good selection of summer sports including tennis, golf, NASCAR, ect. Players funds are not at risk however players need to realize that this is a difficult book to get a payout. Sportsbook.com is known in the industry to have deep pockets but short arms.

SBR Bill Dozer reports:

05.21.2004
Internet1x2 (SBR rating F) no-pay complaints pour in following this weeks initial reported slow-pay. Yahoops.co.il is a 1x2 mirror site.

SBR contacts Olympic Sports

05.20.2004
- regarding the latest events on their dispute with the Jamaican government. A high ranking official at Olympic Sports commented: "The court case was continued until July 26th as indicated in the newspaper. We're here, we're accepting wagers and we have plenty of money"

Betmaker (SBR rating D+)

05.19.2004
SBR has reviewed Betmaker's rating of D+ and concluded the rating to be accurate given Betmaker's current situation. Despite the apparent positive move away from Sportbet into the CRIS building, there will likely be challenges that will include, power struggles of management, higher costs and lack of assets to invest in marketing.

SBR Bill Dozer reports:

05.18.2004
Notorious No-pay sportsbook GIGaming (SBR Rating F-) website down. Owed players fear any hope of getting paid is now lost.

SBR receives complaint against PrePaidATM

05.18.2004
- This payment processing company owned by Allen Ross, receives various complaints from dissatisfied customers. At least one of these complaints against PPATM might be presented to the Federal Trade Commission

Player complaints this week

05.16.2004
include another NO PAY complaint from WorldWager (SBR rating F), Ladbrokes (SBR rating A+) for very poor customer service, Sportsbook.com (SBR rating C+) with another disappointing slow pay complaint - SBR recent upgrade of Sportsbook.com now under reconsideration

Neteller

05.14.2004
the preferred money transfer method of sports players completes move to the Isle of Man. With a market capitalization nearing a quarter billion US dollars, Neteller continues to be the easiest and safest way for players to transfer funds.

Pinnacle RaceBook.Com (SBR rating A+)

05.13.2004

horse players giving solid feedback on Pinnacle Racebook.com. "I would have a new Lamborghini in my driveway if I would have found Pinnacle Racebook.com 5 years ago. The 7% rebate levels the field, its a great advantage."

SBR Bill Dozer reports:

05.13.2004

Platinum Sports ( SBR rating D ) states they are now convinced player is not connected to former employee and allows access to his $22,000 in remaining funds. Read updates on this case. Platinum Sports rating to be reviewed.

WorldWager (SBR rating F) snags another victim -

05.13.2004
"I have been using the www.worldwager.com web site and i had filed for a withdrawal of 1000 from them...it took me about two weeks of arguing with them...they paid me 500 via neteller and credited me the other 500...they do not seem to want to pay out....this is after about two months of requesting payout after payout and them coming up with every excuse under the sun not to pay out..."

Royal Sports (SBR rating D), Bowmans (SBR rating A-)

05.11.2004
SBR previews BetRoyal's new site currently in beta testing. The new site will be powered by the best current software. SBR very much impressed with the current effort. The new Royal site to debut by July 1st. Bowmans is scrapping INet software and making a million dollar investment in a Victor Chandler-like software version. SBR viewed software last month in Antigua. This software is no less than revolutionary and will rival ASI as the players favorite software.

BetPanAm (SBR Rating F-) officially closes its doors

05.11.2004
- BestLinesSports to move into the former premises of BetPanAm. Possibility that old PanAm accounts will be absorbed by BestLineSports, with a roll-over requirement. $500,000 bond put up by BetPanAm may now be dispersed, although local politics are likely to slow this process down

SBR heading to Jamaica

05.11.2004
to review Olympic Sports (SBR rating A+) and BetJamaica (SBR rating A+) then to Pinnacle (SBR rating A+) for the launch of the new casino and to preview Pinnacle's soon to be announced low-rake online Poker project.

Olympic Sports (SBR rating A+)

05.10.2004
Erica Virtue, supposedly reporting for the "Jamaica Observer" newspaper, reported today the Jamaican government will not allow Olympic Sports to renew their license to operate. Players not to be effected as the issue will likely be settled and is not uncommon when negotiating license fees.