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Author Topic: sportingbet sale  (Read 1034 times)
Ironside
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« on: October 13, 2006, 05:42:53 PM »

sportiingbet has sold its US arm for only $1

full details on the bbc http://news.bbc.co.uk/1/hi/business/6046674.stm
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TightEnd
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« Reply #1 on: October 13, 2006, 05:51:49 PM »

those businesses that are not plc's or quoted on overseas stockmarkets yet like FTP and PS have significant flexibility in taking time to respond to the new law whereas those quoted like Party and Sportingbet have to act quickly for corpoate responsibility reasons and to put a floor under their share rpices

I expect significant consolidation in this market on a 12 month view
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lvlarc_uk
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« Reply #2 on: October 13, 2006, 06:05:03 PM »

I've been a member of Sportsbook.com for a few months, I placed a wager on there yesterday and afew hours later relogged in to find this message..

Quote
Your account has been disabled.
Your customer ID is 235325855.
Please contact customer support.


North America: 1-800-372-0333

International: +506-282-1004

Fax from North America: 1-800-201-4919

Outside NA Fax: 1-208-567-3627

I spoke to live help and he said this..
Quote
Bolton Allen: Sorry Marc but due to recent changes in US legislation, all non US based accounts have been shut down.

Few hours later and they said this
Quote
Due to a recent change in ownership a new policy has been implemented which means only US customers are allowed.

Sent a few emails and slept on it, spoke to live help again this morning and they said they are working on migrating all NON Us accounts to Sportingbet.com

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byronkincaid
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« Reply #3 on: October 13, 2006, 08:00:24 PM »

those businesses that are not plc's or quoted on overseas stockmarkets yet like FTP and PS have significant flexibility in taking time to respond to the new law whereas those quoted like Party and Sportingbet have to act quickly for corpoate responsibility reasons and to put a floor under their share rpices

I expect significant consolidation in this market on a 12 month view

Apparently Absolute bought Ultimate Bet today
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