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Sunday July 24,2011 : Bad pennies have a habit of continually turning up
Bucking the trend set by several major sports book shutdowns this month is a relatively new arrival titled TopBet.com, which claims to have connections with the Tech Power Group in Tortola, BVI but is believed to be physically located in the Philippines, from whence it reportedly operates sports betting services to the United States (in itself an illegal practice in the Philippines) along with online casino action powered by software from the Alderney-approved Beast Gaming company, with financial options through Curacao.
On closer inspection, however, it appears that the site is backed by Filipino and Chinese investors who have allegedly stumped up $1.5 million to finance a related online gambling services outfit in Manila titled World Hub Services.com.
More alarmingly perhaps, the Topbet telephone numbers are the same as those of a low-rated sportsbook branded Feltstars, which has been associated with the notorious Futurebet-Gametech-IGS software trio and the men alleged to be behind it, American Joe LaCascia and Canadian Noel Samson.
It is not known whether LaCascia is involved in the World Hub Services - Topbet venture, but usually reliable sources allege that Samson, who apparently still owes substantial monies to Canadian investors in another project, is the man behind the TopBet enterprise.
Immediately prior to that he appeared to be exploiting the current problem of finding e-cash processing for US gambler deposits by claiming to have a solution....as it turned out he apparently did not.
It is understood that Samson recently found Filipino and Chinese investors, and that Topbet-WHS has been hiring experienced online gambling industry managers to expand the business.
In capital terms, $1.5 million is to say the least inadequate to set up a 'proper' internet enterprise in the highly competitive sportsbook sector. Perhaps there are more substantial financial arrangements afoot, but given the unanswered questions surrounding this new enterprise, do not be surprised if they hit the headlines at some 'future' stage!
Gambling News :
Keimo Suominen Wins MPNPT Tallinn 2017 Main Event -
Finnish online qualifier Keimo Suominen has taken the mantle of MPNPT Tallinn Champion from last year’s winner Ranno Sootla, winning €45,200 after a heads up deal with Davis Modans. They’d outlasted a field of 534; the total prize pool reached €258,990 – well over its €150,000 guarantee.
14 Left in MPNPT Tallinn Main Event -
All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.
Day 2 of the MPNPT Tallinn Main Event -
Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
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