BetOnline acquires Sportsbetting.ag

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

 

 

SBR has exclusively obtained the following release from BetOnline.com management:

BetOnline.ag Investors Acquire Majority Ownership of SportsBetting.ag

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

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

A representative from SportsBetting.ag 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; SportsBetting.ag members will experience better betting value as well. The SportsBetting.ag representative continued:

“Additionally, our players will have access to much improved betting value. At the old SportsBetting.ag, MLB dime lines didn’t exist. At the new and improved SportsBetting.ag, 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 SportsBetting.ag winners paid in a more expedited manner.

"The new shareholders unconditionally guarantee past and future payouts from SportsBetting.ag,” 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.”

SportsBetting.ag will continue to be a standalone brand offering sports wagering, horse betting, digital casino, poker and live casino. Backend services will be supplied by BetOnline.ag, ASI, DGS and other well known software and backoffice service providers.

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