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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 :

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.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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