..

BetED.com Players May be Waiting Some Time to Claim Funds

Written by:
C Costigan
Published on:
May/25/2011
BetED.com

It is still unclear as to how much money the US Feds seized from BetED.com as part of an elaborate sting operation.

BetED.com closed its doors this week after their domain name was taken over by the US Justice Department.  The online betting company reportedly told Covers.com that the Feds have all of their money.  Most gamblers do not believe this and there are reports that BetED.com’s two founders (both of whom are named in Monday’s indictments) cleaned out their Costa Rican offices and fled.

Covers.com made this pledge regarding BetED.com

We at Covers.com don't take kindly to having our clients money stolen from them. Hell, it makes us look bad. We recommended those guys to you.

We will do everything in our power to get your money back and in your hands. We are going to ask, beg, talk, whine, shout, whisper, or write to whoever it takes to get that money released to the players.

That is a promise.

Gambling911.com has learned that BetED.com funds are indeed frozen in international bank accounts as part of the sting operation.  Whether all of these funds are tied up in these accounts remains debatable. 

Players will have the option to file claims with the US Attorney’s Office out of Baltimore, however, it could take months to recover said funds.

Gambling911.com will continue to alert readers of any further developments. 

- Christopher Costigan, Gambling911.com Publisher

Gambling News

Newest Downtown Vegas Casino Set to Open, Pandemic or Not

Newest Downtown Vegas Casino Set to Open, Pandemic or Not

If the 1,000-seat sports betting auditorium at the Circa Resort & Casino doesn’t get you, maybe the six rooftop swimming pools will.

The Buffet is Back at Hard Rock Casino....But Reinvented

The Buffet is Back at Hard Rock Casino....But Reinvented

Hard Rock Hotel & Casino Atlantic City is the first casino in Atlantic City to reopen their buffet as a new socially distanced all-you-can-eat concept. The newly reopened Fresh Harvest safely delivers all the classic comforts and international favorites of a buffet straight to the table for a one-time price of $29.99 per person. 

How Much Money Can You Make from Gambling?

If you are looking to make money from the gambling industry then you need to look at it from the simple way of the house and the player. The house always wins, is not just a saying, it is a reality. Over the long term players always lose, and just look at Vegas and other casinos around the world.

Accusations Levied Against William Hill for Cheating on In-Game Bets

Accusations Levied Against William Hill for Cheating on In-Game Bets

Nevada's William Hill operations have been accused of cheating players with in-game wagers, accusations that Hill calls "outrageous".

Moving from Online Gambling to Virtual Reality Gambling 

Online gambling is one of the most flourishing businesses worldwide. A large number of people visit the internet to bet on their preferred sports and games.  In the last few decades, it has witnessed rapid growth due to technological innovations and advancement.

Syndicate