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Investigation into Cheltenham No Pay
Tuesday, April 5, 2016 : CHELTENHAM "NO PAY" FURORE LATEST (Update)
Isle of Man regulator confirms it has launched an investigation.
The confiscation of Cheltenham horseracing winnings by Isle of Man licensed online sports books 138.com, 12Bet, Fun88.co.uk and TLC Bet is being investigated by the Isle of Man Gambling Supervision Commission, the regulator confirmed Monday.
The bookmaking companies have claimed that they seized winnings due to "suspicious transactions"
In a statement, the Commission said:
"The GSC will gather information from both customers and licensees in a two-stage inquiry expected to take some time.
"All parties have been promised an opportunity to state their case, and the Commission will make a recommendation to resolve the issue once all the evidence has been reviewed."
There has been no comment yet from Douglas-based Xela Holdings which operates some of the gaming brands.
Island police have been inundated with complaints and have referred complainants to Action Fraud, the national fraud and cybercrime reporting centre in the UK, Manx Radio reports.
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Gambling News :
Leap Gaming Partners With Pala Interactive -
Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.
Bla Bla Bla Studios -
Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.
Betser Powered By SBTech -
#Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.
Hollywood Classic Slots launches -
Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.
Pagcor relents on 20 venues -
In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.
Kama Games Selects Unity -
#Unity The Ireland-based Kama Games mobile social games developer has announced its commitment to using the Unity games creation platform, having completed the conversion of the last of its titles from iOS and Android native apps to Unity 5.
Novomatic Slot Competition -
#Novomatic The Americas division of online and land gambling games and equipment supplier Novomatic is briefing delegates to the G2E show in Las Vegas on its new slot concept, which gives players an opportunity to win prizes on national television.
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