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Will BetMayor Finally Pay $51,000 WInner

Monday May 11,2015 :  HANGE OF HEART AT BETMAYOR? (Update)
$51,000 owed to player to be paid after all….but why the onerous conditions?
After weeks of anxiety and stress an online sports punter owed $51,000 by Costa Rica-based online sportsbook BetMayor may finally be about to be paid....but not for at least another sixty days.
Our readers will recall that the punter's winnings were confiscated by the sportsbook management, allegedly because he was a "professional player".
This week the publication Sports Book Review, which had earlier blacklisted Betmayor, was told by management that it has decided to pay the gambler, but that he would be transferred to another sportsbook - Globalbet - and there would be an additional waiting period of sixty days due to an imminent corporate takeover.
That would seem to confirm earlier industry rumours that a company titled Media-Tech was in the process of acquiring Betmayor and two other online sportsbooks
Why that should prevent the current ownership meeting its obligations to the player is not clear, unless the company is in financial trouble and paying off its debts was part of the acquisition deal.
Either way, the player is once again left unpaid and in the middle....worrying whether he will eventually receive his due.
By delaying the pay-out for three months, the operator could also be deploying a not infrequently used tactic of tempting the punter into gambling away the winnings whilst he waits.
In the meantime, Sports Book Review has correctly decided to keep Betmayor on its blacklist and monitor the company's next moves in the interest of player safety.
Betmayor is not the only Costa Rica sportsbook in trouble, it appears from the SBR account; Globalbet has allegedly owed another sports bettor $40,000 for the past several months, and despite assurances that he would be paid there has been no movement.
In the latest contact with SBR, a Globalbet manager said that GlobalBet was one of the '3 high-end sportsbooks' that are the subject of a takeover..... by Panamanian-registered Media-Tech.
If Globalbet and Betmayor are two of these companies, what is the third....and is it also showing classic signs of financial instability?
The Globalbet player has reportedly been presented with a fait accompli, according to another sportsbook-oriented publication, OSGA. He has been told that his positive balance will be transferred to Betmayor, that he will have to rollover this amount at the new venue....and that he will have to wait a month whilst the takeover is completed!
Confusing the issue even more, there are Betmayor player reports that they are being referred to Globalbet....and Globalbet player reports that they are being referred to Betmayor.
OSGA did some independent checking and reports that it has been unable to find any Panamanian M&A company called Media-Tech or evidence of any acquisition deal involving three sportsbooks. There was a website using the title, but emails to the company bounced and the phone number listed on the website did not answer.
That raises suspicion that a major scam by Globalbet and Betmayor may be in progress against big-winning punters.
If there is a Media-Tech acquisition in motion and involving these sportsbooks, it is important for the acquiring company's own reputation that the company clarifies the situation directly with a public statement.
In the meantime, the notoriety of Betmayor and Globalbet is becoming more widely publicised, and players warned that they may be at risk if they deposit with these companies.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

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Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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