Check out our brand new Local Poker Communities! Get updates and interact with poker players in your area.
Visit the United States Poker Community | Visit the California Poker Community | Read more about the Launch of P5s Local

BetWWTs is suspending US operations

Reply to Thread
  1. MadTiger MadTiger is offline

    Akron, OH
    United States

    Posts: 6,506
    Joined: Feb 06

    Oct 13th, 2006 (10/13/2006 2:37pm)

    They are going about this in the worst way - freezing accounts. If you kept anything there, it is on hold.
  2. MadTiger MadTiger is offline

    Akron, OH
    United States

    Posts: 6,506
    Joined: Feb 06

    Oct 13th, 2006 (10/13/2006 2:40pm) in reply to MadTiger

    In all "fairness" to them, they are taking the same business strategy (risk mitigation) as Sportingbet (Paradise/Sportsbook.com).

    But they are not giving people a chance to get their shit, and that bugs me.
    Thread Starter
  3. cruizr cruizr is offline

    Vanuatu

    Posts: 3,674
    Joined: Jul 06

    Oct 13th, 2006 (10/13/2006 2:45pm) in reply to MadTiger

    Man it feels great to be Canadian right about now.....
  4. scaryjerry scaryjerry is offline

    Indianapolis, IN
    United States

    Posts: 682
    Joined: Aug 05

    Oct 13th, 2006 (10/13/2006 7:55pm) in reply to MadTiger

    This from Gambling911 at 6:47 pm today. Please note the update in red:

    BetWWTS.com in limbo: More meetings scheduled to determine brand's future
    UK-listed online gaming firm Betcorp has shut down its US facing brands effective Friday the 13th following the signing of a bill by President Bush that restricts some form of online gambling via credit cards.

    More meetings are scheduled over the next few days in Toronto regarding privatization of the company.

    'The group has suspended its US operations with immediate effect (but) continues to trade normally with customers in Europe and the rest of the world,' said Betcorp in a statement.

    Betcorp derives over 90 pct of its revenues from its casino, poker and sports gambling websites.

    'A further announcement covering the impact and resulting future prospects of the group will be made as soon as practicable,' it added.

    BetWWTS.com intends to honor all wagers that were made prior to the Friday morning announcement.

    Important Update:

    An announcement will be forthcoming first thing Monday morning. Three groups are vying to purchase BetCorp's key US facing brands. The company is in a transition period over the weekend and US bettors will be able to use BetWWTS.com once again starting this week.

    Gambling911.com has been in touch with management and feel there is absolutely no reason for concern.

    updated 6;47 pm ET
  5. Damo Damo is offline

    Naples, FL
    United States

    Posts: 1,394
    Joined: Mar 05

    Oct 13th, 2006 (10/13/2006 8:28pm) in reply to scaryjerry

    This is a friggin joke.
  6. scaryjerry scaryjerry is offline

    Indianapolis, IN
    United States

    Posts: 682
    Joined: Aug 05

    Oct 13th, 2006 (10/13/2006 8:54pm) in reply to Damo

    I hope they dont stiff me. I have 400 in NFL bets laid for the early games sunday. another 300 in my acct. This represents a significant portion of my bankroll,

    I just signed up with them 10 days ago b/c of the free NFL bet promo :/

    Its funny how VIP and sportsbook both sold off and didnt shut down, but they have too

    their is a lot of sprculation on another forum that this wont go well but i'm keeping my fingers crossed.
  7. Damo Damo is offline

    Naples, FL
    United States

    Posts: 1,394
    Joined: Mar 05

    Oct 13th, 2006 (10/13/2006 10:10pm) in reply to scaryjerry

    I hate to say it, but I think this joke of a company in the Caribbean will be using illegally seized funds at their own pleasure. I withdrew Monday and it processed immediately. I feel very bad to you and anybody else who is going through this.
  8. scaryjerry scaryjerry is offline

    Indianapolis, IN
    United States

    Posts: 682
    Joined: Aug 05

    Oct 13th, 2006 (10/13/2006 10:12pm) in reply to Damo

    well they are publcly traded and still allowing business outside US
Reply to Thread

Similar Threads