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Old BetonSports Players Paid 4.6 Percent of Balances
Wednesday July 6, 2011 : 4.6 percent paid out from the demise of a one-time internet gambling giant
Six years ago it would have seemed unlikely that the at that time giant online gambling group BetonSports could fail. Steered by its high profile and aggressive chief exec David Carruthers, the company had tens of thousands of players on its books and was a constant presence in the US media due to innovative and in-your-face marketing.
Then Carruthers was arrested whilst transiting through the US, starting a long period of incarceration, and founder Gary Kaplan and others were prosecuted, beginning the methodical dismantling of the company by the US Department of Justice in one of the industry's first major enforcement actions.
In a relatively short period of time the company's plush offices in Costa Rica were deserted, hundreds of employees found themselves without jobs, and players were unpaid.
This week memories of the debacle surfaced again on internet sports betting message boards, where players reported that payments from the liquidators have commenced.
But the bad news is that players will receive only 4.6 percent of the returns due to them. Resources realised from the final wind up of the company are apparently sparse.
It's taken several years since impacted players were advised to submit their claims to the US authorities back in mid-2006, but it appears that this tainted brand simply will not disappear; in Pennsylvania, a grand jury investigation has claimed payment processing links between magazine publisher Don Hellinger and BetonSports back in its heyday, and further prosecutions may be in prospect.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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