Home
Dear BETonSPORTS Customers, Vantis Recovers Funds PDF Print E-mail
Written by Thomas Jensen
Friday, 20 November 2009
Point-Spreads.com was forwarded a copy of a letter going out by Vantis, the liquidators of BETonSPORTS. All former players should reach out to claim any funds owed. It looks like the liquidators have been able to recover some of the funds owed to the company before its collapse.

Dear BETonSPORTS Customer,

Further to our report in July 2009 we write to provide a further UPDATE with regard to Liquidation matters. This report is to be read in the context of those previous reports.

Assets
In our last report we advised  that we had been able to reconstruct sufficient company records to instruct lawyers to commence recovery of a credit card payment processor debt. Our lawyers have now entered into  correspondence with the debtor, and in an attempt to resolve the dispute in a cost effective way, a meeting was recently held with the debtor with a view to reaching settlement.

A further exchange of information was agreed, after which time we will invite a settlement or proceed with litigation. The nature of the debt is highly complex, as it relates to  several million dollars worth of gaming debts processed by credit cards during the BETonSPORTS trading period. We are also pursuing a US citizen for a debt, having recently acquired supporting documentation to the debt from our investigations in Costa Rica.

Gary Kaplan Forfeiture
Gary Kaplan, a founder director and shareholder of BETonSPORTS, has been sentenced in the USA to a term of 51 months in prison for conspiring to  violate U.S. racketeering and other laws. As part of a plea agreement he also forfeited personal assets of over $43 million to the US government.  

We immediately sought legal  advice in the US with a view to laying claim to a portion of  these funds on behalf of the BETonSPORTS creditors and after  careful consideration of the options open to us we have now lodged a petition with the US Attorney General under US Remission Proceedings. We await the outcome of the Attorney General's deliberations.

Creditors
Despite attempting to contact over 89,000 potential creditors by either email, mail or public advertisement, we still have only received claims from  9,206 player creditors totaling $8,099,905 and in addition we have now agreed claims from trade creditors totaling  $14,711,552.

General
We continue diligently to pursue the assets of the company with a view to maximising the return to the gaming clients and other creditors. We continue  to investigate the pre liquidation activities of the Company, and the board of directors, and we have a continuing dialogue with the Department of Justice in the USA, and the High Court in Antigua and Barbuda with regard to all Liquidation matters.

As stated previously we have no interest or desire to delay matters or allow the proceedings to become unnecessarily protracted. BETonSPORTS generated over $1.1 billion of gaming turnover per annum in various jurisdictions around the world. Unwinding the affairs of such a company is a highly complex exercise.

In view of the fact that there are many thousands of individual creditors, it is not  cost effective to pay interim distributions to creditors.  However we will seek to distribute funds as soon as asset recoveries permit. The current financial position of the Liquidation estate is as  follows:                                                                          
Assets recovered to date: $2,160,511  
Liquidators' fees to date: ($131,595)
Legal fees & other disbursements to date: ($692,452)  
Balance of funds in hand as at 16.11.09 - $1,336,464  

A further update will be  circulated in due course.
 
To register your claim if you have not already done so please complete  the details via the weblink below, using your creditor reference to confirm your claim against the company.

https://betonsports.vantisplc.com/
 
If you do not wish to  claim in this matter and do not want to receive any  further emails from us please go to:

Yours sincerely,
 
Joint Liquidators
For and  on behalf of BETonSPORTS (Antigua) Limited -In  Liquidation
   
Vantis
PO  BOX 997,
St Albans,
AL1 9LQ,
United Kingdom
 
https://betonsports.vantisplc.com/

Trading Names/Brands of the BETonSPORTS Group
                  
* MVP Bets  
* BETonSPORTS  
* Millennium Sports  
* Infinity Sports International  
* Gibraltar Sports  
* BetOnFantasy  N/A  
* WagerMall  
* BlueGrassSports-N/A  
* Millennium Casino  
* Infinity Casino  
* Gibraltar Casino  
* MillPoker  
* InfinityPokerClub-N/A  
* GibraltarPoker-N/A  
* BetOnSports  
* V-Wager   
* Players Super Book  
* MVP Sportsbook  
* Virtual Bookmaker   
* Gecko Casino  
* Bogarts Casino  
* MVP Casino   
* Jackpot Hour  
* Toucan Casino  
* Bet Jockey      
* MVP Racebook    
* Bet Horse Tracks   
* Live Horse Betting    
* Popular Poker     
* MVP Poker      
* Bogarts Poker      
* Poker Elite      
* Mardi Gras Poker   
* Bettors Net   
Last Updated ( Friday, 20 November 2009 )
 
NJ Gov Corzine Allowed to Join iMEGA Sports Betting Challenge PDF Print E-mail
Written by Thomas Jensen
Tuesday, 03 November 2009
Point-Spreads.com has learned that New Jersey Governor Jon Corzine is allowed to join the iMEGA challenge to overturn the current law banning sports betting. Over the vigorous objections of the US DOJ, US Magistrate Judge Tonianne J. Bongiovanni ruled that Corzine is permitted to join a legal challenge to a Federal law prohibiting state-regulated sports betting.

NJ Gov Corzine Allowed to Join iMEGA Sports Betting ChallenegeBongiovanni ordered that Governor Corzine’s motion to intervene in iMEGA, et al v. Holder was granted, and that his attorneys must file their complaint no later than November 12th, 2009. The lawsuit initiated by iMEGA, asks the court to overturn the Professional and Amateur Sports Protection Act (PASPA) of 1991, which prohibits the expansion of state-regulated sports betting to all but four protected states - Nevada, Delaware, Montana and Oregon. The plantiff’s have argued the current sports betting law is unconstitutional because it favors certain states by allowing them to reap tax revenue from legal sports betting, while barring every other state from doing so.

“It’s nice to clear this hurdle and move closer to a court considering the merits of our challenge,” said Joe Brennan Jr., chairman of iMEGA, lead plaintiff in the suit. “It’s ridiculous the DOJ opposed the motion. We expect they’ll now ask the court to have all of the plaintiffs thrown out for lack of standing. It’s a waste of time and effort, but it seems they’ll do anything to prevent the court from examining this law.”

Recently, the United States Joint Committee on Taxation said that after reviewing legislation that would lift an online gambling ban (UIGEA), it concluded the move would generate $41.8 billion over 10 years. The new legislation being proposed would allow internet poker, but continue a ban on other forms of internet gambling including sports betting. This is why the news about Corzine being able to join the fight to legalize sports betitng is such big news, giving the industry some much needed credibility.

“The irony is that the DOJ actually opposed this law (PASPA) when it was enacted, on the very same grounds we’ve listed in our suit,” Brennan said.
Last Updated ( Tuesday, 03 November 2009 )
 
Bodog Becky Releases 2009 Budapest Affiliate Conference Top 10 Moments PDF Print E-mail
Written by Thomas Jensen
Wednesday, 23 September 2009

Unfortunately, I was unable to attend this year's Budapest Affiliate Conference due to it being scheduled during NFL Week 1, however my good friend Bodog Becky gave me the full run down and has created a great top 10 list of her favorite memories from the affiliate conference which featured Bodog Founder Calvin Ayre giving the keynote address to a packed audience of affiliates and industry diehards.

Bodog Becky Releases Budapest Affiliate Conference Top 10 MomentsHere is a copy of Becky's 2009 Budapest Affiliate Conference Moments: I may have a new boss and a new job with Calvin Ayre and BodogBrand.com, but when it comes to industry entertainment, not much has changed...with the upcoming launch of CalvinAyre.com, and with Calvin's return to the public, it will only continue to get better. I promise. Now enjoy my top 10 from the 2009 Budapest Affiliate Conference, it was a tough contest!

#10: Michael Caselli, the industry's sexiest - As much as I have beaten this subject into the ground, I just cannot resist mentioning the sexiest iGaming man alive in my BAC top 10. It is unavoidable. He is everywhere. Every conference, every party, every presentation, every keynote speech, every dinner, every late night, every VIP table, every hour of every conference day, he is there. Caselli comes along with his own set of rules as well...wearing a sign around his neck that flashes, "party like a rock star, f*&#$k like a porn star" is totally acceptable and funny. Give that sign to someone like Michael Corfman to wear around his neck and he would be thrown into jail. Actually, I take it back, that is hilarious! Michael, can you lend your sign to Michael for the London Affiliate Conference? Thanks.

#9: Happy Birthday to me from Bodog's Hungarian Marilyn Monroe - So you probably think I'm just trying to get a plug in for the Bodog Affiliate Social...well, you are wrong. I know this mention seems totally biased because yes, I work for Calvin, yes, I am involved with BodogBrand.com, yes, I am in constant touch with all the Bodog licensees and the Bodog Affiliates team, but! Is there anyone who has been to more iGaming parties than me? No. Are there any other iGaming parties which match the detail and quality of a Bodog party? No. Has anyone ever hired a Hungarian Marilyn Monroe to sing you happy birthday in the company of a dozen hot Bodog Girls? No. See? I'm not biased at all.

#8: Hungarian booze - Thanks to the several foul tasting shots of Unicum I was forced to consume at the Bodog Affiliates Social (we have this on film for CalvinAyre.com, of course), I don't even remember interviewing Bob Rains later that night. Thanks to an entire bottle of Hungarian liquor, I think a certain BAC keynote speaker may have imagined a raging party in his suite...with Michael Caselli and Winston Churchill? Talk about an alcohol induced hallucination. I blame it on the bottle of sneaky Hungarian booze the BAC organizers gave Calvin as a gift- he clearly felt obligated to drink it- everyone knows Calvin doesn't like to get drunk at conferences.

#7: Scotty Nguyen, Poker Celeb number 1 - Throughout my iGaming career I have personally met a number of poker celebrities and heard dozens of first hand stories about them. As a seasoned poker celeb gal, Expekt's Scotty Nguyen is simply in a class by himself, I am telling you. I have never been referred to as "baby" this many times in my life, and we chatted in front of the CalvinAyre.com video camera for a total of 10 minutes, max. Well, maybe 11 minutes if you include the opening party experience when Scotty fed me Expekt 10th anniversary cake with his bare hands. Ya, we've got that captured on film too.

#6:Doyle Brunson, Poker Celeb number 2 - I love this industry icon, he is the nicest guy on earth and a complete legend- a poker legend, and little did we know, a nightlife legend too. The Godfather of Poker made an appearance at every conference party, including a lengthy and late presence at the Doyle Brunson Poker Klub and an even later cameo at Budapest's hopping Bed Beach...I thank you Willy G for rubbing off on this great man!

#5: Illari "Ziigmund" Sahamies, Poker Celeb number 3 - I don't even want to get into what this one was up to at the BAC. Ziigmund is one feisty little Finn who seems shy at first, but give him several cocktails and then see what happens. At times, especially later in the night, you could even say his behavior is synonymous to how he plays poker...unpredictable, intelligent, fearless, and...dominating? Now that sounds interesting. Take a look at his post WSOP blog entry for window into his very special poker playing world.  18+ only, please!!!

Bodog Becky Releases Budapest Affiliate Conference Top 10 Moments#4: Models, models and more models - There are several models which stood out above the rest at the BAC. Lets begin with the topless ones. At first the toplessness was hard to notice as these Entertasia models were elaborately painted, but once you looked a little closer- and maybe even went in for a picture- boy, were you in for a surprise. Lets finish with several models which are now very near and dear to my heart...they are beautiful, they are intelligent, they love CalvinAyre.com...they are the Ayre Heads! I have never felt so falsely popular in my whole entire life. So what if it was an illusion? So what if I thought that people were looking at me instead of the hot models walking next to me with big boobs and the Calvin Ayre mug on the back of their schoolgirl-ish shirts? Perception is reality my friends, never forget that.

#3: Bed Beach Night Club - This crazy Hungarian night club served as BAC's unofficial official late night spot for Friday and Saturday night of the conference. Who sponsored the endless champagne, bottles of vodka, VIP tables and the plethora of Hungarian girls at Bed Beach? Everyone and anyone who could handle post official BAC sponsored party extracurricular activities. Some notables include the trusty Fins, Martin and Marcus the "blinged out" Swedish affiliates, jolly Chris from Cake Poker Affiliates, the Chipleader girls and guy who kindly escorted me back to my hotel room, Aaron G who very gracefully danced up a storm on the VIP couches, Clive and Caselli who both served as great late night dance partners, and the unforgettable Calvin Ayre cameo, post bottle of Hungarian booze consumption.

#2: A Swede of my very own...FINALLY! - Såja, I love the Swedes.  Now BodogBrand.com loves the Swedes too because the recently announced Bodog Network licensee, Patrik Selin, is Swedish and now I get to work with a Swede on a daily basis. The smartly dressed Patrik may seem all business at first, but don't let this one fool you- he is a big supporter of the "Work Hard, Play Harder" slogan that Bodog world forever embraces. Just ask Two Plus Two management! Throughout our time in Budapest, Patrik was spotted one night at the Doyle Brunson Poker Klub until late, the next night at Bed Beach until late, sipping on single malt scotches all the way...and a shot or two of Unicom, compliments of a certain two plus two someone.

Bodog Becky Releases Budapest Affiliate Conference Top 10 MomentsAnd last but not least...

#1: Pierre the well-endowed wonder - Everyone knows that Calvin Ayre has a "thing" for midgets, but did you know about Pierre, his personal bartender? I sure as hell didn't...until Pierre made his debut during Calvin's keynote speech at the BAC. Right after the industry breaking, flamboyant, and salsa dancing entrance of the Phantom of the Opera disguised Calvin, Pierre magically appeared at the podium, fully equipped with the Bodog founder's signature cocktail: a Bombay Gin martini with three queen size olives. Speaking of equipped, Calvin said a few words about Pierre, some nickname, and a "tripod" during his keynote speech, but I'm not really sure what that is supposed to mean? Maybe one of Calvin's women can tell me.

Stay tuned for the launch of the CalvinAyre.com Tablog coming in the 4th quarter of 2009.

Last Updated ( Wednesday, 23 September 2009 )
 
Sports Betting Pioneer Calvin Ayre Pilots BodogBrand.com to New Heights in 2009 PDF Print E-mail
Written by Thomas Jensen
Thursday, 10 September 2009

When Bodog Founder Calvin Ayre announced his retirement from the sports betting and online gambling industry, most of his friends and colleagues felt he would be back at some point. After being the driving force of Bodog's meteoric rise over the last several years, its understandable that Ayre would want to take a break. But in typical Calvin style, he could not just stop strategizing about the future of the Bodog Nation. Get the latest sports betting odds at Bodog.com and receive a 10% Sign Up Bonus today.

Sports Betting Pioneer Calvin Ayre Pilots BodogBrand.com to New Heights in 2009While relaxing in retirement, which included sampling all sorts of exotic drinks, models and early morning wake board sessions, Ayre continued to fine tune BodogBrand.com. In all actuality, the company was and has been a licensing model for several years but until recently most of the deals were behind the scenes. Not anymore, the group is actively soliciting entrepreneurs to come up with business plans that could compliment the Bodog image.

Currently, Ayre is spending a majority of his time focusing on BodogBrand.com, a hybrid IP Licensing/Venture Capital/Marketing Consultancy focused on identifying synergistic business models outside of the gaming channel. BodogBrand.com holds the global rights to license the Bodog brand across all sectors and its mandate is to partner with carefully-selected licensees to license the brand to accelerate partner growth, while extending the BodogBrand.com into new and vibrant markets.

Ayre has been back in action for only a few months "officially" and already he has made significant waves within the sports betting and online gambling industry with several key announcements. The company announced licensing agreements in Europe and Canada, is actively looking for a licensee in the Latin American market, hired industry veteran Rebecca Liggero as a Global Bodog Brand Ambassador, the Bodog Europe licensee already signed a 3 year sponsorship agreement with Fulham FC of the Premier League and Ayre is about to launch a Bodog Poker Network which will compete with the likes of Cake & Merge Poker Networks.

Calvin Ayre will be the featured speaker at this weekend’s Budapest Affiliate Conference 2009. “I’m very flattered to have been asked to be this year’s keynote speaker in Budapest,” stated Ayre about being named the keynote speaker. “The iGaming space is the birthplace of the Bodog brand and it remains one of the must dynamic and fascinating sectors in the entertainment space. Thanks to BodogBrand.com’s world-class licensees, each of which brings regional knowledge and expertise to their respective markets, the brand has become truly global. The sun never sets on Bodog now. I look forward to continuing to work with BodogBrand.com to help identify potential brand licensees to take the Bodog experience into new markets.”

Last Updated ( Thursday, 10 September 2009 )
 
Bodog Opens into Canadian Sports Betting Market PDF Print E-mail
Written by Thomas Jensen
Friday, 04 September 2009
Sports Betting enthusiasts in Canada will finally get a chance to take advantage of the great betting lines at Bodog now that the international operation is officially anouncing its foray into the country. Canadians can bet on sports at Bodog.ca here. It has been a monumental year for the Bodog brand and its licensees, and Bodog Europe is excited to officially announce yet another key milestone in the brand’s history: the launch of the Bodog experience to the Canadian market.  Perhaps fittingly, Bodog Europe’s launch of Bodog.ca coincides with the 15-year anniversary of the Bodog brand, for the first time giving Canadian players the ability to cash in on some hot new promotions just in time for the remainder of the CFL season and the beginning of the NFL and NHL seasons.  
 
Bodog Europe is lead by industry veteran and Managing Director Keith McDonnell, and is regulated and licensed by the Antigua & Barbuda Financial Services Regulatory Commission, Directorate of Offshore Gaming.  McDonnell noted, “We’re extremely excited to be able to bring the unique Bodog experience to Canadian players.  Canadians are passionate sports fans and are extremely savvy consumers.  The Bodog brand is known world-over for its unmatched customer service and here at Bodog Europe we put the player’s experience and entertainment ahead of all else - I’m confident that we’re going to quickly earn Canadians’ loyalty and trust.”
 
Bodog.ca offers Canadian players safe, secure and simple access to world-class sports betting, a thriving and dynamic poker community, and a full Vegas-style casino with more than 80 web-based and downloadable games. Bodog Europe offers its players a simple, feature-rich sports betting product, offering a vast selection of sports betting opportunities across all major leagues and featuring live betting and an 80+ track Racebook. The Bodog.ca Sportsbook also has a particular focus on Canada’s most popular sports: NHL Hockey and CFL Football.
 
Bodog Europe – the upstart Bodog brand licensee already taking the UK by storm with its European-facing site Bodog.co.uk – had originally secured the rights to the world-famous “Bodog” brand for use in Europe only.  However, when Bodog Europe Managing Director Keith McDonnell learned of BodogBrand.com’s willingness to entertain proposals to license the brand for use within Canada, he was quick to act, and secured the exclusive Canadian license.  
 
“The Bodog brand is celebrating its fifteenth year anniversary this year – an absolutely remarkable pedigree and testament to its enduring values in an industry that quickly kills off mediocrity.  The brand has gone through quite an evolution during that long history, and Bodog Europe is looking forward to carrying the torch forward for at least another fifteen years of world-class customer service, unbeatable promotions, and, above all – fun.”
 
To learn more about Bodog Europe’s Canadian site, visit Bodog.ca.
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Results 1 - 9 of 191
 
Copyright 1997-2009 Point Spreads "All Rights Reserved"

Information contained in this Web site is intended for recreational purposes only. Access to information contained in this Web site is void where prohibited.