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#1
This is article from Peter Amsel on calvinayre.com
"Perhaps the most puzzling question here is why Covers/betED turned down the BetOnLine bailout offer. We have been in direct contact with BetOnLine and know that, contrary to what Covers is reporting, there was a solid offer put on the table and Covers/BetED have not even responded to it. We hope this does not mean that betED are just going to reappear under a new name and still force all the players to accept a deal requiring excessive rollover requirements. The industry could do without another such (self-inflicted) black eye. The other big question is who has all the player balances that wouldn’t have been held in operating accounts. Has this money already been spent by reckless and greedy owners or do they still have it and just don’t want to give it back?"
Read whole article at
https://calvinayre.com/2011/06/09/business/covers-com-beted-player-scandal/
"Perhaps the most puzzling question here is why Covers/betED turned down the BetOnLine bailout offer. We have been in direct contact with BetOnLine and know that, contrary to what Covers is reporting, there was a solid offer put on the table and Covers/BetED have not even responded to it. We hope this does not mean that betED are just going to reappear under a new name and still force all the players to accept a deal requiring excessive rollover requirements. The industry could do without another such (self-inflicted) black eye. The other big question is who has all the player balances that wouldn’t have been held in operating accounts. Has this money already been spent by reckless and greedy owners or do they still have it and just don’t want to give it back?"
Read whole article at
https://calvinayre.com/2011/06/09/business/covers-com-beted-player-scandal/
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