Read this, then read it again (Regarding BoS)

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"The United States has also filed a civil case ordering BetOnSports to stop taking sports bets there and to return money held by U.S. customers in their gaming accounts."

http://news.com.com/BetOnSports+faces+U.S.+charges/2100-1026_3-6095251.html

Now relax.....no one is going to get stiffed. That is the last thing that BoS would want to do right now, and all it would do is piss off the DoJ.

IT"S NOT GOING TO HAPPEN!!!!!!

:toast:
 
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I think the problem would be whether or not they really have all of the player balances available. I know of only 2 books (I am sure there are more) that keep the player balances in a seperate account.

The way BOS/Millenium/MVP have always done business is by dipping into player funds for marketing purposes.

They are obviously big enough to where they would always have plenty of cash available to pay all withdrawal requests...but they didn't have anywhere near all of the player balances available if everyone were to request their money.

This will be an interesting development...especially with all the investor money pulling out.
 
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Hey Panther, hope you're doing well. Foots can't get here soon enough for this kid.

:toast:
 

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tt

aug 6 8 pm est

philly vs raiders nbc tv

camps opening now

hell yes

panther
 

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And if they don't return my money???.... I'm going to run to the United States government and complain that my offshore wagering account has been confiscated, will the gov please lend a helping hand???????
 
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BernieKozar said:
And if they don't return my money???.... I'm going to run to the United States government and complain that my offshore wagering account has been confiscated, will the gov please lend a helping hand???????

It's irrelevant. The court date will end up being at least 6 months away, and probably 9-12. There is no way in hell that they are going to freeze the funds of US players during that time. The DoJ would crucify them.
 

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TTinCO said:
"The United States has also filed a civil case ordering BetOnSports to stop taking sports bets there and to return money held by U.S. customers in their gaming accounts."

http://news.com.com/BetOnSports+faces+U.S.+charges/2100-1026_3-6095251.html

Now relax.....no one is going to get stiffed. That is the last thing that BoS would want to do right now, and it would do is piss off the DoJ.

IT"S NOT GOING TO HAPPEN!!!!!!

:toast:
I was going to post that, but I forgot where it was.
 

Pro Handi-Craper My Picks are the shit
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If they can put them in limbo until

If they can put them in limbo until Janurary that should do the trick of putting them out of bussiness. Football season is the real money maker and everyone knows it.:money8:
 

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TTinCO said:
It's irrelevant. The court date will end up being at least 6 months away, and probably 9-12. There is no way in hell that they are going to freeze the funds of US players during that time. The DoJ would crucify them.


They can however run there buisness as they see fit and make everyone play thru there bonuses before paying anything. Just because they have been ordered to return all U.S. players money and cease operations DOES NOT MEAN THAT THEY WILL. THE US HAS NO AUTHORITY OVER ANOTHER COUNTRIES LAWS AND CITIZENS NO MATTER HOW MUCH IN THE MEDIA THEY ASSERT THEY DO. Carruthers is a political hostage plain and simple.

The US did not go the diplomatic route and seek extradition. They just straight took him instead and bypassed NORMAL channels. Someone has to challange that. If they really had a case they would have done it the other way.
 

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TTinCO said:
"The United States has also filed a civil case ordering BetOnSports to stop taking sports bets there and to return money held by U.S. customers in their gaming accounts."

http://news.com.com/BetOnSports+faces+U.S.+charges/2100-1026_3-6095251.html

Now relax.....no one is going to get stiffed. That is the last thing that BoS would want to do right now, and it would do is piss off the DoJ.

IT"S NOT GOING TO HAPPEN!!!!!!

:toast:

It's just as easy to take the other pov - the DOJ couldn't care less if customers get their $$$ or not - they just want an end to US sportsbetting on the net.

It would actually help them if BOS were to default on reimbursing postup players in the US
"See what happens when you bet offshore?", etc. would be all over the media.
 

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Unless my account is reopened, I have no idea how much money I have in my BOS account
 
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playersonly69 said:
Unless my account is reopened, I have no idea how much money I have in my BOS account

If you call, I believe you can find out your account balance (but no-it's not as good as a screen shot).

People will get paid, but may not get a chance to meet any rollovers-so if they get cut off from US players, you can assume your bonuses are history.....maybe prorated, but that's so messy no one may not even go there.
 

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Clip Joint said:
I think the problem would be whether or not they really have all of the player balances available. I know of only 2 books (I am sure there are more) that keep the player balances in a seperate account.

The way BOS/Millenium/MVP have always done business is by dipping into player funds for marketing purposes.

They are obviously big enough to where they would always have plenty of cash available to pay all withdrawal requests...but they didn't have anywhere near all of the player balances available if everyone were to request their money.

This will be an interesting development...especially with all the investor money pulling out.

Investor money? Marketing purposes? Where do you come up with this CJ? Investors give the company money once, when they do the IPO. What happens with the share price after that makes no difference to the company's available cash. Marketing is surely a big expense for most standalone books, but not this one. With public funds from the IPO and the sheer size of the franchise marketing won't put them under. There is a real threat though not mentioned yet.

Here is the story according to their financials. They would have been in good shape a year ago, but since they bought EasyBets and VO Group it could get dicey. They spent about $27 million in cash among other compensation in acquiring both companies.

It would appear at Feb 5th, they had about $21 million in cash. Customer balances were reported at $27 million. That suggest a possibility of a cash crunch, but much could have happened between now and then. Also there are other creditors, but not an alarming amount. Now the business looks pretty solid generating a lot of cash to get to the point they could spend such significant amounts. They might have covered the difference through profits generated during the year, but no one outside the company can say for sure.

My guess is they could get pretty close to paying everyone off, but maybe come up a bit short, say 80-90 cents per dollar.

Read it for yourself: http://www.bosplc.com/bos_financial/79593 BETonSPORTS.pdf
 

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The question is, will you get back your balance or will you get back your deposit?

If the DOJ considers gambling illegal, both wins and losses can not be enforced. I venture to guess the DOJ requires deposits to be paid back. They can not see bets as legal so that is all they can request. There will be a lot of people up who are very angry and a lot of people down who will be very happy. Unfortunately, I don't think I lost at any of the BOS books. Thankfully I only have about $400 in Betmill. Just worked out that way.

-sean
 
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Scooter1 said:
It would actually help them if BOS were to default on reimbursing postup players in the US
"See what happens when you bet offshore?", etc. would be all over the media.

WHAT? When the only reason that they weren't getting paid was because of the DoJ??????? I don't think so. That has backlash written all over it.
 

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WildBill said:
Here is the story according to their financials.

:missingte

I didn't need to read any further...but please point out to me where I can find more information on Gary Kaplan (you know, the guy that owns 15% of the company).
 

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WildBill said:
There is a real threat though not mentioned yet.

Here is the story according to their financials. They would have been in good shape a year ago, but since they bought EasyBets and VO Group it could get dicey. They spent about $27 million in cash among other compensation in acquiring both companies.

It would appear at Feb 5th, they had about $21 million in cash. Customer balances were reported at $27 million. That suggest a possibility of a cash crunch, but much could have happened between now and then. Also there are other creditors, but not an alarming amount. Now the business looks pretty solid generating a lot of cash to get to the point they could spend such significant amounts. They might have covered the difference through profits generated during the year, but no one outside the company can say for sure.

My guess is they could get pretty close to paying everyone off, but maybe come up a bit short, say 80-90 cents per dollar.

Read it for yourself: http://www.bosplc.com/bos_financial/79593%20BETonSPORTS.pdf




Thank you WB I certainly knew it and felt it was one of the reasons BoS shredded in an instant any trust they had when thay started stealing again. I wrote in my shareholder value post that they were short and were trying to do anything to make up the differnece before the 2nd quarters are due. I know more than a few people who feel like they bit off more than they can chew aqquiring stuff so fast as well as being a presecne
in asia. Reader comments point to internal synergy struggles and lack of a clear buisness plan or even where they wanted to go. We were looking for a big drop in there shareholder price and some execs to get fired. A number of them in May bought a combined 55,000 shares at 155 avg and went to 140 where it sat all the way till now. More than a few people i know thought they were in trouble. I say 65-75 cents on the dollar. I dont think its there and I am sure it would have shown in there financial to a totally unaccpetable degree. I said they were done like a month ago.
 

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