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Reply To: Expekt the worst from the BetclicEverest Group… Expekt has negative carry over now?

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#825052
Anonymous
Inactive

Maybe this deserves a seperate post, but while investigating a little more about Expekt, I came across a mager warning against the Betclick Everest Group here:

Betclic mess (Betclic Everest Group)

I think anyone promoting brands in the Betclic Everest Group should consider twice.

Here’s a quote from a recent financial report

Quote:
Everest Gaming may have insufficient resources to cover its operating expenses in 2012. We and BetClic have provided a certain amount of shareholder loans to Everest Gaming in proportion to our respective shareholding percentage in 2011. However, none of us or BetClic is obligated to provide any additional financing pursuant to the shareholders agreement or under the French law. We cannot assure you that we will continue providing additional financing to meet Everest Gaming’s working capital needs, and we may lose our return on our investment in the Everest Gaming business which will adversely affect our business and results of operations.

I haven’t read the report so it might be out of context.

There is also a very important point about the lack of involvement from sister companies that we have also seen here at CAP:

Quote:
I would first like to say something about Everest Gaming`s relationship to those other brands. Yes, of course is Everest Gaming formally independent from Betclic, Bet-at-home, Monte Carlo Online and Expekt. But this does not change the fact that all of the accredited Everest casinos have the same controlling owner as mentioned brands.

Managers come and go, but your owner will still be Betclic Everest. This means that if for example Betclic is thrown into the rogue pit, then we will have a strange situation where the same owner has casinos listed in both the rogue pit and in the accredited section.

And ownership matters. At the end of the day, whether you have played at this brand or that brand, you are supporting the same company. And this company is Betclic Everest. The same company that obviously does not care so much about the fact that some of your sister companies are treating players like crap.

I would avoid – as a player and as an affiliate – Betclic, Everest Poker, Imperial Casino, Everest Casino, Casino Treasure, Casino Glamour, Casino Fantasy, Casino Elegance, Bet-at-home, Expekt, Monte Carlo Online and Casino Lux.