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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

04.15.2004
is proud to announce the launch of the redesigned SportsBookReview.com website on May 1st.

WWTS (SBR rating A+)

04.15.2004
Disappoints analysts with a 1st qtr loss of $830k primarily blamed on Asian trading and lower overall win percentages - WWTS reported a 23% increase in wagers to over 700,000 and a 30% increase in active customers to 7,624 for the qtr and insists full year results will be strong

SportBet (SBR rating D)

04.14.2004
Continues to brief SBR on their improving position - SportBet offers to arrange meetings between SBR and SportBet principals - SportBet mgmt had previously insistently informed SBR that they were no longer seeking a buyer and instead are investing in their operation with commitment and purpose

BetRoyal (SBR rating D-)

04.14.2004
Costa Rican sources report that Royal has been in Costa Rica looking for an office or a partner or both - Once a premier sportsbook Royal Sports continues to struggle with shareholder lawsuits, an active CEO who has supposedly resigned, slow pays to long time clients and an asset sale to mysterious owners who have yet to come forward. SBR warns players that this is a dangerous situation. Royal's current legal and financial position is uncertain at best.

Pinnacle Sports (SBR rating A+)

04.13.2004
To open incredible high odds casino June 1st, 2004. With over a year in top secret development, Pinnacle shows and demos new proprietary casino to SBR during a visit last week. Pinnacle purposely recruited the top casino programmers and designers and spared no expense to develop the first truly high odds, non-downloadable casino with stunning graphics. Chief Technician Chris M. states; "Pinnacle demanded the impossible, the end result is a product that is light years ahead of anything on the market."

SBR Bill Dozer reports:

04.12.2004
BetRoyal claims rights to player's PanAm funds after player meets 10x rollover requirement. This is the e-mail sent to the player by Royal's CFO, Marco Swart.

SBR Bill Dozer reports on Spreads.com (SBR Rating D):

04.09.2004
CS Manager Dan states that all the payouts requested so far this week are pending transactions, they will hopefully start processing them today. SBR Bill Dozer has been told on the phone that "BetCBS manages them but will not pay their players until they receive money from Spreads. It's speculated that maybe Spreads.com expected CBS to pay but this will not be the case"

SBR Bill Dozer reports:

04.08.2004
player files a slow-pay complaint against Spreads.com, an operation based out of the BetCBS premises. Bill Dozer to mediate for the player and report back.

Player gets stiffed out of $40,000 by CrownXO.com (SBR Rating F-).

04.07.2004
This is a scam operation that has taken its website down, after having stolen this player's funds. WhoIs query provides the following records. SBR has talked to CS Supervisor Christina (866-699-2437), who insists this call center is only a third party service provider.

SBR

04.06.2004
Acquires LiveLinesOnline.com as part of the SBR Lines.Com network (beta testing-coming soon)

SBR

04.06.2004
Acquires TodaysLines.com - SBR is proud to welcome former TodaysLines owner/ programmer Dave Thomas to the SBR team as Project Manager for SBR Lines.Com, SBR Euro and SBR Asia.

SBR

04.06.2004
is proud to welcome Bill Dozer formerly of TodaysLines to the SBR team as Writer / Research Representative.

BetRoyal (SBR rating D-)

04.06.2004
Stalls and slow pays 8 year customer, acct ID 6721Txxx. Originally requested a payout on March 23, player has been told three times to call back for a tracking number. On the last request player was told the person who handles payouts "..is on vacation".

BetRoyal (SBR rating D-)

04.05.2004
Minority shareholders receive "liquidation" letter from the CEO of Royal. In a letter to Royal's minority shareholders, lead attorney Daniel D. Zahavi recommends "I only have one advice: instigate legal procedures.." to stop what they believe is a sham. Meanwhile, Roberto C., CEO of Royal as well as owner of a new SBR imitator site, TheOffshoreWire.com, tells SBR that there are no improprieties. Roberto C. states that the sale is real and that the minority shareholders will get fair value for their ownership.

Olympic Sports (SBR rating A+)

04.05.2004
Opens the 2004 baseball season with a dime line - Olympic has been a staunch opponent of the dime line favoring instead the traditional .20 line - Sister book BetJamaica (SBR rating A+) will also deal a dime line for the 2004 baseball campaign

BetPanAm (SBR rating F+)

04.04.2004
Under pressure from BetRoyal CEO and aspiring watchdog, Roberto C., BetPanAm set to begin settling payouts this coming week

SBR -

04.03.2004

in response to many sportsbook sites being interrupted by DOS attacks, SBR initiates the SBR sportsbook web site meter to monitor all of the top sportsbooks.