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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.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
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 -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
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.
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