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Online gambling website closes its doors due to processing difficulties

The online casino, live dealer and sports betting website Lazer Wager.com has closed its doors after a year in operation, according to a notice on the blank site this week, advising that processing difficulties were at the root of its problems.
 
The site launched in September 2007 amidst much hype regarding the quality and experience of its management team, described as having a history with companies such as BetOnSports, Evolution Software, and Nine.com, working for UK investors.
 
Among the names mentioned were former Nine.com manager Robert Evans, Dan DelGato, Eve Mindel, Fred St. John and Carlo Campanella as "bringing more than 50 years combined online gambling experience" to the company, registered to a company called Trailhead SA in Costa Rica.
 
However, industry observers were soon voicing concerns regarding less-than-credible and in some cases distasteful promotional ideas that started to flow from the company. In more recent times there have been slow-pay complaints which have further damaged its reputation.
 
The full notice presented on the former LazerWager website is:
 
"Lazerwager.com regrettably announces that it will no longer be in operation. While every effort was made to continue operations for a second football season, LazerWager was recently informed by their remaining processor that their assets have been frozen and the processing company will no longer be handling any banking transactions.
 
"LazerWager management has been trying to work through these issues, however, several advertisers, affiliates, and other vendors have expressed concern over LazerWager's ability to service players' accounts due to the processing issues that have recently plagued the industry.
 
"The combined losses of assets, the ability to process payouts and deposits, and advertising and affiliate relationships have presented too great a challenge for LazerWager to overcome during the football season. While several better established sportsbooks affected by these banking issues have been able to cope with these obstacles, LazerWager does not have the means to continue to be competitive within the industry due to the loss of these business relationships.
 
"LazerWager apologizes to its vendors, advertisers, and most importantly, its players, who will be receiving an email regarding the status of their account. In order for this matter to be handled in the most efficient way possible, please direct any other questions or inquires via email to CS@Lazerwager.com. Be sure to include your name and account number."



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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