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Wednesday, September 28, 2011 : Punters who lost out on a GBP16 000 jackpot will only be given their deposits back
The management at UK online betting group Betfair has made another conroversial decision, the latest in a string of rulings that have angered and alienated many internet punters.
The Telegraph newspaper reported Tuesday that more than 10 gamblers who lost out on a GBP16,610 Tote jackpot after Betfair failed to process their wagers in time will only have their stakes refunded.
"In a statement that infuriated some Betfair clients, the company on Tuesday admitted to 'technical issues in transmitting bets into the Tote pools in the last 10 minutes before the pool closed'”, the Telegraph reports.
"However, Betfair refused to honour the bets of punters who thought they had won the jackpot after finding six winners at Newmarket last Friday."
Apologising, Betfair said it had "returned funds for the failed bets", claiming that "at no point were these customers given confirmation that their bets had been successfully placed, or appeared as placed in their account statement".
That appeared to contradict claims by some customers, including bloodstock manager Nick Bradley.
He staked GBP12,000 – meaning he lost out on a GBP4,610 profit – and said the funds were "taken out of" his Betfair account.
Company sources admitted the stakes may have been removed temporarily.
Some small punters lost out on a GBP16,000-plus profit.

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Gambling News :

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

Why is FullFlush Poker Still Down - Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.

Time Running Our For Pennsylvanian online gambling - Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

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