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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 :
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
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