Filed in archive
Betting
by jo on August 11, 2006
The company has been charged with fraud and racketeering in the US, its now-former CEO, David Carruthers arrested and its shares suspended in London.
In response, BetonSports has decided to close its Costa Rica and Antigua properties which serviced its US customer base - essentially 75% of its current business - and trying to keep the company afloat by targeting on the European and Asian markets
They do intend to try to refund all monies owed to US players but even in that are finding difficulty
The company also pledged to refund the deposits of its U.S.-based customers, many of whom have uncollected winnings that must be transferred through third-party agencies based outside the United States.
The directors said they wanted to refund all customers' money, but cautioned this would prove difficult and "will depend upon the company's ability to persuade banks and cash processors to release its funds."
Article: BetOnSports.com Shutting Down U.S.-Targeted Operations
Permalink: BetOnSports.com Shuts Shop in US
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/31672
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for BetOnSports.com Shuts Shop in US:
|
Rating: 9.00 out of 1 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
