You’re pretty much correct in that statement that the UIGEA was the major factor.
Prior to the UIGEA they were owned by SportingBet.com who are pretty ruthless when it comes to affiliates – but at least SportingBet.com do have plenty of cash and they paid ALL players out on time.
In mid-October SportingBet.com sold the SPORTSBOOK.COM brand and US operations to Jazeel Enterprizes (which was most of the previous management team) for the grand total of USD $1 !!!
(and they also said that they trqansferred $13.7m of liabilities …)
Within 2 days SPORTSBOOK.COM was cancelling outstanding winning wagers for players in the 11 states that specifically outlaw gambling !!
From then on slow paying seems to have been endemic – and it seems to me that the new outfit has a huge cash cruch going on – but as a private company they keep all metrics in house – so it’s impossible to bloody tell … other than through player complaints.
…
thanks all for those who brought this to my attention.
No problem mate – that’s why we share ideas and opinions on this forum – right?
:thumbsup:
Like you – I also playtest my places for 3-6 months beforehand – and take in a lot of forum feedback before adding books onto my site.
And even then you do need to keep an eye out and an ear to the ground for the smaller “virtual” outfits. THey run on a very low budget it seems – and sports books can have runs of losses.
:huh:
The big European books that also have “bricks n mortar shops” are much easier to monitor though – they’re big publicly held outfits with good reporting – but they don’t accept US players so that does not help you ..
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