Whole Network Most Recent TOP10 Betting Casinos Poker

 

BetOnSports.com Shuts Shop in US

Filed in archive Betting by jo on August 11, 2006

bos.jpg
Beleaguered online sportsbook, betonsports.com has bowed to the pressure of the last few weeks and shut its doors completely to US players

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


Advertisement


Permalink: BetOnSports.com Shuts Shop in US
Tags: betonsports  gambling  casinos  poker  shop  shuts+shop  betonsports+shuts  market+makes 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/31672



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
Advertisement -
Book yours here..



 
  • Would you like to see your text link here? Let us know!
Advertisement
Book yours here.




  • Testimonials

  • It's only the second time I read your blog, but I find very interesting and will keep reading every time something good comes up. happy new year to you too.
  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..






Advertisement - Book yours here..
 
Tagcloud: Atlantic City Action Betting Casinos Gambling and the Law Gambling General Gambling In Europe Gambling Videos Indian Casinos Online Gambling Poker Racing Slot Machine Scene Sponsored post Sports Betting