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Canbet Facing Lawsuits For Unpaid Balances
Saturday February 15,2014 : ONLINE SPORTS BOOK COULD FACE LITIGATION FROM PUNTERS
Player balances were frozen for three months as company battled financially
Peter Lord and Graeme White, reportedly two Australian-based directors of the Canbet online sports book, could be facing lawsuits as angry and frustrated punters try to recover their account balances, allegedly frozen for the past three months due to the company finding itself in financial difficulties.
The UK-licensed sports book said earlier this year that the enterprise had hoped to secure additional funding or at least a rescue package after principal investor Delta - an Indian plc - declined to provide re-financing.
After initially claiming that IT problems had impacted player payments (a claim that has been made all too often by failing online gambling companies) Canbet eventually admitted it was experiencing financial problems, but promised to recover and pay out all owed players by end January, undertaking to either raise cash or sell assets in order to do so.
The company stopped taking deposits in the same month, and most recently has apologised to players for not being able to honour its promise of payment in January.
That does not seem to have placated a number of punters, who are now threatening litigation.
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Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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