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Legendz Sports betting Closes
Thursday April 18, 2013 : LEGENDZ SPORTS BETTING CLOSES (Update)
Trying to relocate punters to a reputable alternative
The major enforcement actions naming online sports betting operator Legendz Sports last week have resulted in the company closing its virtual doors, according to player reports Wednesday.
Punters reported receiving email communications from Legendz advising:
"Effective April 17 2013 you will no longer be able to bet with Legends Sports.
"We are in the process of negotiating to have an A rated sports book assume the [player] balances. We would like to assure you that all funds are perfectly safe and secure.
"Any unsettled bets will be honored and settled by the provider assuming your account. All customers will be receiving email instructions on how to activate accounts within the next 24-48 hours.
"We thank you for your loyalty and know that you will be in very good hands with your new provider.”
The knowledgeable sports betting information website Sports Betting Review has also carried a news item claiming that Legendz operating licence has been pulled by Panama regulators, prompting the outfit to shut down.
Legendz players migrated to the new operator would be expected to comply with a 2x play-through prior to cashing-out, SBR claimed, although this has not yet been confirmed.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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