BetOnline acquires

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BetOnline (SBR rating B+) has acquired majority ownership of (SBR rating D). BetOnline management tells SBR that with the move will come significant upgrades for players — better bonuses, software, and payout reliability. SBR is assembling a list of outstanding complaints against the brand for new management to address.



SBR has exclusively obtained the following release from management: Investors Acquire Majority Ownership of

PANAMA CITY, PANAMA — A group of investors, consisting of shareholders from, are excited to announce a sizeable investment into online gaming site

With the transition come significant improvements to the brand; including bigger bonuses, faster software, better odds and most importantly – reliable payouts.

A representative from touched upon the upgrades:

“The investors decided that if they were going to take over majority ownership, the site needed to be upgraded to ensure improved customer satisfaction. Instead of providing reload bonuses only on Thursdays, our members will now earn deposit bonuses every day of the week.”

The extra value doesn’t end with bigger bonuses; members will experience better betting value as well. The representative continued:

“Additionally, our players will have access to much improved betting value. At the old, MLB dime lines didn’t exist. At the new and improved, not only will they now get dime lines, but they’ll get the best dime lines in the business - all the way out to -199.”

Most importantly, the new investment team is committed to get winners paid in a more expedited manner.

"The new shareholders unconditionally guarantee past and future payouts from,” the rep stated. “However, since there is a sizeable backlog of pending payouts, they need to be run through various fraud checks, prioritized and fulfilled. Once the backlog is complete, clients will experience drastically improved payouts thanks in part to upgraded payment options, including same day options.” will continue to be a standalone brand offering sports wagering, horse betting, digital casino, poker and live casino. Backend services will be supplied by, ASI, DGS and other well known software and backoffice service providers.

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