..

XL Bet Shuts Down, Stiffs Players

Written by:
C Costigan
Published on:
Dec/29/2010
XL Bet

An obscure online sports betting website, XL Bet, has closed its doors for good, stiffing customers in the process. 

The company, which claimed to be based out of Curacao, announced its decision to close on Wednesday (January 29, 2010).

The company’s CEO, Jacob Nielsen, was part of the four-man team that 7 years ago started up Bet24 in Malta.

It is highly unlikely that players will see any of their funds. 

Dear XLBet Client,

We are sorry to inform that XLBet has been forced to close down its business with immediate effect.
For a while we have known that we would need more capital into our company in order to keep building our product and despite almost reaching point of “break even” this fall, we haven’t succeeded in raising the necessary funds to cover the old losses and the costs connected to our new platform, and thus we have decided to close down our business before even more people got economically involved.
We regret that some clients are left frustrated with money on their betting accounts, but we are working on several solutions securing some of the player funds.

We also would like to appologize for the delayed information about the closure, but we would have prefered to get more info about above subject before we released the sad news.
That was not possible, so we will give further information by email when relevant as soon as possible, but until that please understand that any pay out request will be left pending and that any support service has to be closed down.
We are very sorry for the inconveniences brought on you by this, but hope you understand that we have done everything possible to avoid this situation and keep on offering E-Sports betting, Poker and Casino for you.

Business/Financial News

Costa Rica Hydro Plant Gets New Lease on Life From Crypto Mining

Costa Rica Hydro Plant Gets New Lease on Life From Crypto Mining

A small river in the middle of coffee plantations, sugar cane fields and a forest provides energy to a hydroelectric power plant in Costa Rica that feeds hundreds of computers wired up to the cryptocurrency mining business.

Ayre Tells Market Watch: "For Sure Bitcoin is a Ponzi Scheme"

Ayre Tells Market Watch: "For Sure Bitcoin is a Ponzi Scheme"

Calvin Ayre says Bitcoin SV is powered by a revolutionary technology that has many useful applications, while the digital currency most people know as Bitcoin is useless and a fraud.

Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat

Bloomberg: Bitcoin Death Cross Is Staring Down Bulls After a Painful Retreat

Bloomberg warned of crypto being mired in a drawdown as the Fed readies a stimulus withdrawal and the IMF issued its latest warning on crypto risk to financial markets.

Pay Per Head Sportsbook Demo

Pay Per Head Sportsbook Demo

A pay per head sportsbook service allows people to become bookies and accept action on various sports.

BSV Blockchain Makes Lasting Impression at CES 2022: Who Knew Blockchains Could Scale

CES has always been a window into what the world of technology will look like down the line.  With this in mind, it shouldn't come as a big surprise that our friends representing the BSV Blockchain would make their way to Vegas this week to take full advantage of those seeking to incorporate blockchain technology into their own business platforms.

Syndicate