betWWTS - Very important announcement concerning betWWTS.com

[Dr. Jack]

Very important announcement concerning betWWTS.com

Guys - BetCorp who owns betWWTS, betbet, BetHoldem, etc will be pulling out of the US Market.

I need to make a few things clear.

1. The betWWTS banners will remain up until the end of October because we are contractually obligated.

2. I have learned from some very trustworthy sources that betbet and WWTS will be sold off from BetCORP and will go private so they can remain, however that will not be the first thing that happens but will hopefully be the end result.

3. BetCORP is a public traded company and I have explained that all public companies have more risk and because of the board of directors have to look out for the stockholders - they all follow each other.

BetCORP has ZERO debt on the books, unlike Leisure, Party Gaming, etc. Your money will be safe and money in not an issue.

BetCORP will be pulling from the US presumably tomorrow (when Bush signs bill). They will not accept any more US depositers after this time. They may continue to accept active US bettors wagers but they will make another announcement on Monday, most likely

WHAT DOES IT ALL MEAN?

The bottom line until they are sold off - WWTS will no longer be a viable option for US players

HAVE I PULLED MY MONEY?

I have left some money in there but I have requested to pull some of it

ARE YOU SCREWED?

No, this is not BoS. This is a company that will do anything they can do remain a profitable company. They will pay off their debts

SHOULD I PULL MY MONEY?

This is a decision for you to make. I believe you will have time ragrdless if they make an announcement or not, however it's your money and I wanted to let you know ASAP in case you are not comfortable. You will not get screwed but I do not recommend leaving a lot of money in there. If anyone has any problems - email me and I will try and help.

WHAT ABOUT BETHOLDEM?

BetHoldem software provider has also pulled out. Until they find a new software provider I would classify them in the same boat.

The most important thing is - I wanted everyone to know.

I can promise you that NO reputable private held company is pulling out. Bet Jamaica, Greek, Cris, Pinny, etc all will be remaining as is.

[sportsfan]

Thanks Dr. Jack, I was worried this would happen. Oh well guess I will go back to Jamaica as a secondary book.

[Gerk]

Just an FYI on this

I requested my funds be withdrawn from my accout, to be on the safe side and they literally had it in my Neteller account in 2 minutes

So that is good news

[Dr. Jack]

Gerk,

They have money. They are not happy about this. The board is moving without a lot of their knowledge. This is why I think they will payout super fast (especially if neteller). I will let you know if I hear anything else.

[The Judge]

I just closed my account. Too bad, I really liked this book and had tripled my original deposit since September.

Thanks for the heads up, Jack.

[Gerk]

Originally Posted by Dr. Jack

Gerk,

They have money. They are not happy about this. The board is moving without a lot of their knowledge. This is why I think they will payout super fast (especially if neteller). I will let you know if I hear anything else.

Yes,

I also enjoyed using them, Jack

Figured after the MVP thing, wanted to make sure of having my money

Never had a problem with them and always found the customer service very good. It's really too bad

Thanks for the info

[Dr. Jack]

Judge,

Hopefully things will work out with them and you can reopen.

Sportsfan – Jamaica is the best anyway, IMO

Everyone – Don’t get panicked with industry (remember I said, it would get worse before better) but at the same time we want to be diligent and intelligent so no one gets hurt.

[SoonerFan]

i got sportsbook.com,,, is this book under betWWTS?

[Dr. Jack]

Originally Posted by SoonerFan

i got sportsbook.com,,, is this book under betWWTS?

No – but they are publicly traded (rumored to be sold) and I would put them in same class at WWTS for now (careful that is)

[The Judge]

Originally Posted by The Judge

I just closed my account. Too bad, I really liked this book and had tripled my original deposit since September.

Thanks for the heads up, Jack.

My Neteller account was creditted with the withdrawal from BetWWTS in less than 20 minutes. Gotta love that!

[uva3021]

have a few pending wagers with them right now, but after that I think it would be wise of me to withdraw

thank you Doc and Judge for the info

[ripley]

Do you know if VIP is public or private or if I should have any trouple there.

Thanks

[Dr. Jack]

Originally Posted by ripley

Do you know if VIP is public or private or if I should have any trouple there.

Thanks

VIP was part of Leisure (public company who decided to fold to US) however I believe VIP announced they were being sold to be a private company and would remain in the US

[jimbomar]

Do you the status of MVP and Millineum?

[Dr. Jack]

Originally Posted by jimbomar

Do you the status of MVP and Millineum?

If you are outside the US – there has been a solution

For people in the US – there is nothing new