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Betjack.co Players Not Being Paid

Friday September 12,2014 : BAD NEWS FOR ONLINE SPORTS BETTING OPERATOR
 
Aussie exposure for Betjack.co.
 
The Australian spotlight is focused unwaveringly on Vanuatu-licensed online bookmaker Betjack.co operator Butterscotch Holdings (Vanuatu) this week amid allegations that punters are not being paid their winnings.
 
The Sydney Morning Herald reported Friday that racing authorities in Australia have launched an investigation into allegations of no-pay made by Aussie gamblers.
 
The investigation could have serious implications for Betjack, which has hired extra staff for its Gold Coast call centre and is busy gearing up ahead of the spring racing carnival.
 
The newspaper reports that despite its Vanuatu licensing, the company has Australian bank accounts into which it has accepted Aussie wagers.
 
"Offering bets to Australians from overseas is illegal, attracting a fine of up to A$340,000 a day, and offshore bookmakers do not pay Australian tax or licence fees to racing and other sports," the newspaper notes.
 
Bernard Saundry, the chief executive of Racing Victoria which is conducting the investigation, has called on the federal government to take action against Betjack and other offshore operators.
 
"They are parasites who have been paying no returns to the Victorian racing industry for the use of our product, nor are they complying with our integrity requirements as approved wagering operators are obligated to do through information sharing and compliance," he said.
 
The SMH reports that punters at a Melbourne golf club are allegedly owed amounts of up to A$150,000, which they have been trying to recover without success for a year.
 
Another punter allegedly lodged A$50,000 in his Betjack account, which after a winning streak swelled to A$250,000. Unable to withdraw the whole amount, he was eventually paid back his original A$50,000 and told never to bet with Betjack again.
 
Complaints of slow or non-payment on internet betting forums date back to last year, the newspaper claims, with the operator giving "dodgy" excuses for not paying timeously.
 
Fairfax Media, the parent group for the SMH, claims that Gold Coast-based company Parkview Corporate Services (PCS), controlled by St Kilda man Jeffrey Myles Kemp, is linked to Betjack and holds accounts with the Westpac and ANZ banks.
 
The media company tracked a person associated with the company and found she was the registrant for domains linking to the main Betjack.co website. Neither Kemp or the tracked woman returned calls from the media group.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authoritys data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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