Xlbet Sportsbook closes without paying players

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Xlbet Sportsbook (SBR rating F) has closed down. SBR last reported that fifteen Xlbet players were being slow-paid €11,136. Xlbet players are left with little to no hope of ever seeing their betting winnings. Xlbet enters the sportsbook ratings guide at F. | Xlbet report

An SBRforum poster shared Xlbet's closure e-mail:

Xlbet Sportsbook:

We are sorry to inform that XLBet has been forced to close down its business with immediate effect. For a while we have known that we would need more capital into our company in order to keep building our product and despite almost reaching point of "break even" this fall, we haven't succeeded in raising the necessary funds to cover the old losses and the costs connected to our new platform, and thus we have decided to close down our business before even more people got economically involved. We regret that some clients are left frustrated with money on their betting accounts, but we are working on several solutions securing some of the player funds.

We also would like to appologize for the delayed information about the closure, but we would have prefered to get more info about above subject before we released the sad news. That was not possible, so we will give further information by email when relevant as soon as possible, but until that please understand that any pay out request will be left pending and that any support service has to be closed down. We are very sorry for the inconveniences brought on you by this, but hope you understand that we have done everything possible to avoid this situation and keep on offering E-Sports betting, Poker and Casino for you.

Xlbet's admission of insolvency provides little comfort to the players that are being stiffed. 


Xlbet player:

I successful deposit money using moneybookers purse, recieve bonus and meet all rollover requirement. Then at 16th november request a withdraw(988.51$), they looked into documents, asked about anouther way to withdraw - I provide them info about webmoney account. So they can withdraw money two ways. Now 33 days passed - I do not recieve money, they do not mailed to me, do not answer for my mails. Can you help me please to get money back from this bookmaker?

SBR cautions players from accepting too good to be true bonus offerings from unproven or unrated sportsbooks. The SBR sportsbook rating guide, and sportsbook blacklist are two resources that can help bettors identify sportsbooks where the risk is worth the reward. Players should avoid sportsbooks listed on the blacklist, and should be weary of playing with unrated sportsbooks.


Xlbet player #2:

It is not the first time to have trouble with them regarding a withdraw. For a few month I fighted 3months for a withdraw and now I was so stupid to pay in again. I pay in some euros (50? or something) and played poker. I won a 2$ tournement and got something like 675?. After this I payed out on 08.11.! It was like every time. Nothing happen and after my first mails they ask me if it is possible to make a bank wire and not moneybookers. I confirmed. Since today nothing is happen.


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