BetCorp to honor accounts on Nov.15,2006

[anjac]

ThBETCORP LTD


NOTICE TO CUSTOMERS

OCTOBER 20TH

On October 20th Betcorp Limited entered into an agreement to sell its gaming operations in Antigua and Toronto to Bodog Entertainment Group SA. This agreement is subject only to the approval of the shareholders of Betcorp at an Extraordinary General Meeting.

The Company will shortly be sending a Notice providing the requisite 21 days notice of such a meeting to its shareholders.

The meeting to approve the Disposal will take place on November 15th. A copy of the Press Release explaining this Proposed Disposal is available on the Betcorp Limited website at www.betcorp.com.au

The implications of this for our customers are:-

1 We will continue to accept deposits and wagers from non-US residents and process withdrawals in the normal way

2 The accounts of US residents, which were suspended on the 13th October immediately following the passage of the Unlawful Internet gaming Enforcement Act, will continue to be suspended until shareholder approval for the Disposal has been received. US Residents will not be able to deposit, wager or withdraw from their accounts.

The Company recognises that this will continue to annoy and inconvenience its customers and reassures them that it would not be taken unless it were absolutely necessary. The Company can however reassure all customers that their funds are safeguarded and that all their funds will be available for withdrawal following the approval by shareholders of the Disposal.

Betcorp asks US customers please not to take any frustrations out on its customer service staff, as they have no control over the situation and will not be able to provide any information additional to that set out in this notice.

[johnny1212]

what a joke

Betcorp asks US customers please not to take any frustrations out on its customer service staff, as they have no control over the situation and will not be able to provide any information additional to that set out in this notice.

this is some funny chit

[anjac]

Myself, having an account there, am impressed that they are going to try to stand behind accounts. I think it is a step in the right direction.

[Dr. Jack]

Originally Posted by anjac

Myself, having an account there, am impressed that they are going to try to stand behind accounts. I think it is a step in the right direction.

I am sure BoDog would not have purchased WWTS only to screw people so yes while I do think it's a step in the right direction - it's still very frustating to US bettors to be put through this. The best part of this gambling bill is the public traded sportsbooks are finally done in the US and in the long run I believe this is good.

[sportsfan]

21 days left

[Everything]

This is much better than the BOS mess.

[cyhugogreen]

I hope we can just resume betting on Nov. 15 because otherwise bodog is gonna be facing paying off thousands of people and that will take time and that will tie up our money even longer. I'll bet anywhere they got a cashiers window so hopefully my gambling stake held by betwwts will be available for that purpopse on the 15th with the big dogs at bodog.

[Badger28]

All I want is access to my freakin mula!!!!!!!!!!!!!

[Badger28]

I got about 250 tied up with these hosebuckets.

[sportsfan]

14 days left

I got about $250 tied up too Badger I am looking forward to doubling it up on Nov 15th lol