 Online casinos
firms clash over payment
The ongoing tragedy of the
top online casinos firm decline, that has been chronicled in
many online casinos reports and online casinos news releases,
continued this week as assertions and denials went back and
forth between online casinos regarding payouts to players as
ordered by a US federal court.
Following Department of Justice prosecutions and a restraining
order from a federal court, the embattled online casinos firm
has had to close its site to all US players, a move that slashed
some 80 percent of its business off the books. The order also
required the company to pay deposits back to players, something
a spokesman said it could not do owing to a suspension in its
contracts with e-cash processing outfits like Neteller.
This week, in an exclusive interview with an online casinos
firm, the Vice President of Neteller flatly denied his online
casinos cashing company is preventing monies from being
transferred by the troubled online casinos firm to its
customers.
"Neteller is not holding any funds from (the troubled online
casinos firm) and thus has not frozen or held any reserve funds
from this company." Andrew Gilchrist, the VP of Corporate
Development and Communications said.
Gilchrist went on to tell the online casinos news site that
Neteller halted all transfers to the online casinos firm in
trouble following the indictments by the US Department of
Justice against certain related companies and individuals but
has continued to allow transfers from the company to facilitate
member payouts. Transfers to and from Easybets.com Asian-facing
wallet are operating as usual."
Adding more fuel to the fires of player and investor discontent
were reports in an online casinos news site that advertising
venues have been asked to refund money back to the troubled
company via a dormant company owned by the online casinos giant
that dismissed CEO David Carruthers, who has just been released
on bail but remains confined to a DoJ approved hotel in the city
of St. Louis, Missouri pending charges under a 22 count grand
jury indictment.
The top online casinos news site reports that investigations by
a major online gaming publication have shown that advertising
venues were asked to send refund credits due to the firm to
World Answer LTFD, run by Carruthers.
Earlier, the British newspaper The Observer reported on moves
being considered by disgruntled investors, saying: "Shareholders
in (the troubled firm) PLC, the British internet gaming group
that has been targeted by a US crackdown on online gambling, are
considering taking legal action against the company's advisors
Evolution Securities and Baker Tilly. They are unhappy that the
history of the company's founder Gary Kaplan was not made clear
at the time the company floated two years ago."
Over the weekend, reports started to surface that that all
previous related phone numbers of the firm had been disconnected
without advising players of new contact addresses and channels.
Observers reported that new numbers would likely not be in the
company’s traditional Costa Rica region. |
