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Gambling Authority in Sports Alive Case Cleared

Wednesday May 8,2013 : GAMBLING AUTHORITY IN SPORTS ALIVE CASE CLEARED (Update)
 
Ombudsman rules against players
 
The Australian Capital Territory's gambling regulator has been cleared by the state Ombudsman of fault in the spectacular A$14 million collapse of online bookie Sports Alive four years ago.
 
The Canberra Times newspaper reports that punters lost around A$3.8 million in the internet betting company's failure, but that there is no relief from the Ombudsman’s ruling, which is that complaints against the ACT Gambling and Racing Commission will not be pursued, leaving them as unsecured creditors.
 
The Ombudsman's office found after a 20-month enquiry that directors of the defunct online gambling house misled authorities about its true financial position.
 
Sports Alive collapsed in 2009, with debts of more than $14 million including $3.8 million to 18,000 online betting customers. A Victoria Supreme Court decision in March positioned the punters behind secured creditors for refunds of monies owed.
 
The collapse is now being investigated by fraud squad detectives in Melbourne, where the betting agency conducted most of its business, and by corporate watchdog the Australian Securities and Investment Commission (ASIC).
 
The players involved are disappointed in the ruling; Dennis Tuan-Mu, who has led the punters' protests, was scathing in his criticism of the Ombudsman, saying:  “This matter sat on the backburner for months with no notification to accountholders, and was hand-passed around until it went to a part-time officer.
 
“The final reasons provided by the Ombudsman are brief, generic and provide no basis for how they reached their ultimate outcome.
 
“They took the easy way out and simply blamed the Sports Alive directors for misleading the ACT GRC.
 
“However, they failed to comment on how the ACT GRC didn't even perform basic and rudimentary checks of Sports Alive's multiple breaches at any time over eight years, any one of which would have alerted them to problems."



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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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