BetOnSports stalling on punters repayments
Thing are going from bad to worse at Bet On Sports, as industry analysts are starting to question the whereabouts of an estimated GBP7 million of punters deposits.
The online Gambling bookmakers has suggested that the money is being held up by online money processors, a claim that an other online marketing firm disputes.
President of Costigan Media, Mr Christopher Costigan says "That is untrue because the e-processors are not supposed to have deposit money, I think they are using this as an excuse not to pay people," he also said "I understand them not returning winnings because in the case of a bankruptcy, customers may not be entitled to that money."
Online money processors transfer funds to a punter on clients behalf, and are only allowed to hold money for a certain amount of time, but in this case it's not clear with Bet On Sports.
A judge in the USA recently extended a banning of operations in the US on Bet On Sports.
Click here for UK Bookmakers
Click here for Casinos
The online Gambling bookmakers has suggested that the money is being held up by online money processors, a claim that an other online marketing firm disputes.
President of Costigan Media, Mr Christopher Costigan says "That is untrue because the e-processors are not supposed to have deposit money, I think they are using this as an excuse not to pay people," he also said "I understand them not returning winnings because in the case of a bankruptcy, customers may not be entitled to that money."
Online money processors transfer funds to a punter on clients behalf, and are only allowed to hold money for a certain amount of time, but in this case it's not clear with Bet On Sports.
A judge in the USA recently extended a banning of operations in the US on Bet On Sports.
Click here for UK Bookmakers
Click here for Casinos
posted by Glenn at Tuesday, September 05, 2006
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