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Coinbet SportsBetting Site Closes
Tuesday April 29,2014 : BITCOIN SPORTS BETTING SITE FOLDS
Coinbet lasted only a few months.
The Bitcoin-denominated online sports betting site Coinbet.cc has gone into liquidation after operational activity that lasted less than a year in which it carried out heavy marketing activity to pull in players.
The website was unavailable and carried a "closed for business" notice over the Easter weekend, advising players to contact a support email address to record their claims.
Likely player losses have been estimated at $5 million in some informed quarters, where observers are speculating that the operator was under-capitalised and over-ambitious.
A former poker pro, Michael Katz, was among the worst hit at $340,000, and his tragic and detailed story can be read here: http://www.cryptocoinsnews.com/news/completely-insane-saga-coinbet-cc/2014/04/20.
In addition to accusations of questionable practice, the unknown operator of the discontinued Bitcoin site has also been cited for misleading players and other interested parties by presenting a picture of his headquarters which was actually a building belonging to another company on which his logo had been superimposed.
In the ensuing furore on various forums, it has been alleged that two other sites, Betcas.com and SportBet.im, appear to be associated with the same operator.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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