Sportsalive, Bet24/7 Ceased Operations

**Jontheman** · 08-26-11, 03:57 PM

Might not be good news; (link thanks to NOYB on another forum)

http://www.heraldsun.com.au/news/more-news/pair-hit-as-sports-alive-dies/story-fn7x8me2-1226123185392

**Hareeba!** · 08-26-11, 04:14 PM

I was assured yesterday that Bet247 is not in receivership and is still in business but it may take a little while for them to get their new website up and running. Unlike SportsAlive, they are answering the phone.

**potless** · 08-26-11, 04:57 PM

you promised it would be back by now

I'd hate people to think you are a hopeless idiot who posts any old shite

ps look forward to your apology to brettels

**chance** · 08-26-11, 05:00 PM

I am pleased I did a wthdrawal for my 5 figure balance before leaving for the SBR Bash. I am not sure whether I had any pending future bets on the Rugby World Cup though.

I hope bet 24/7 survives. The only hope for Sportsalive is a bail out by The Tote.

**Hareeba!** · 08-26-11, 05:18 PM

Originally posted by potless

you promised it would be back by now

I'd hate people to think you are a hopeless idiot who posts any old shite

ps look forward to your apology to brettels

SHOW ME WHERE I MADE ANY PROMISES

It is Brettels who owes me an apology if you were at all capable of reading the statements made in that thread

**potless** · 08-26-11, 05:29 PM

Originally posted by Hareeba!

SHOW ME WHERE I MADE ANY PROMISES

It is Brettels who owes me an apology if you were at all capable of reading the statements made in that thread

Originally posted by Hareeba!

Bet247 is owned quite separately to SportsAlive and they are still in business. Their website is expected to be up and running by tomorrow if not later today.

It would be nice if you made your mind up for once and stopped posting contradictory/baseless garbage

**Hareeba!** · 08-26-11, 05:54 PM

Originally posted by potless

It would be nice if you made your mind up for once and stopped posting contradictory/baseless garbage

I can only conclude that potless = clueless

Nothing there at all which amounts to a promise.
Nothing baseless or garbage. It is what I was told and have no reason at all to doubt.
Furthermore there is nothing there which is contradictory.

**potless** · 08-26-11, 06:07 PM

Excellent - I still look forward to the site being up and running.
(which you don't doubt but weren't promising but have no reason to disbelieve which isn't baseless

)

**noyb** · 08-26-11, 06:49 PM

Originally posted by chance

The only hope for Sportsalive is a bail out by The Tote.

this thought did flash into my mind as well. Sportsalive was supposed to have all customers funds ringfenced from their day-to-day operations, under ACT regulations, on top of that 250k security bond. I somehow doubt whether they actually did this, else they would have been able to fight off any liquidation claims by third parties and could have just ceased trading voluntarily (like Lasseters did), and get back the 250k bond.
assuming they didn't have (all / any) customer funds ringfenced and were probably trading while insolvent, that's pretty serious fraud. on top of that the article in the paper suggests they were making millions in the years before this, and now suddenly have gone bust. that's pretty strange to say the least. this isn't some costa rican fly-by operation, but these guys were supposed to be pretty well regulated. for a reputable organization like the Tote, who were 25% Sportsalive owners, to be caught up in a possible fraud-like case sounds pretty embarassing to them. so, let's hope they act on that.. anyway, a lot of assumptions, let's see how it turns out. i would find it extremely disappointing if the what i always regarded as the best gambling regulated country in the world would simply do nothing while sportsalive **** over all punters that are owed.

**noyb** · 08-26-11, 07:03 PM

http://www.themercury.com.au/article/2011/08/27/256571_tasmania-news.html

**chance** · 08-26-11, 07:36 PM

We want find out what the story is for a long time if the 25% shareholder can't get any answers as per the article above.

**boar** · 08-26-11, 11:22 PM

Regulation in the ACT was always extremely strict (15 to 11 years ago)
to such a degree that the segregated client account was monitored by
the regulators. The regulations are still in place and are extremely strict :

4.5 Subject to Clause 4.6 a sports bookmaker must deposit all monies
received: (1) into the segregated bank acct; or (2) if there are 2 or more
such accounts - into 1 of those accounts;

not later than the next banking day after the day on which the money is
received.

4.6 Where betting monies are paid by direct debit or electronic transfer
into an account operated by the sports bookmaker, the sports bookmaker
must transfer that money into a segregated bank account with in accordance
with clause 4.5.

Somewhere over time the ACT govt regulators have dropped their guard
and not monitored the bookmakers compliance with their regulations.

Having had firsthand experience of dealing with ACT regulators I find
the whole scenario mystifying.

**noyb** · 08-27-11, 04:16 AM

bet247 customers get a bail out by Tom Waterhouse apparently

Dear Valued Client,

Bet247 is currently unavailable. Your account balance and any pending bets will be honoured.
Bet247 clients are in the process of being transferred to www.tomwaterhouse.com.

Your account details, account balance and any outstanding bets will be transferred.
Your account will be live and ready for betting at tomwaterhouse.com by Wednesday's racing August 31, 2011 if not sooner.

My family and I have over 112 years of betting history and I look forward to servicing you as a client and exceeding all of your betting needs.
We will be keeping all clients abreast of the transition via email.

I apologise for the inconvenience of you not being able to place your bets at this time.

Should you have any questions kindly email my Client Service team on web@tomwaterhouse.com.

Regards
Tom Waterhouse

**brettels** · 08-27-11, 04:47 AM

There is still not enough evidence for hareeba to know how full of shit he is.

**lacoste** · 08-27-11, 05:15 AM

OMG , i have had 2.5k @ sportsalive

I hope sportsalive cutomers get a bail out too.... if not, goodbye to my money ...

**in play, run(s)** · 08-27-11, 06:07 AM

Damn, I also had a 4 figure sum in there... and I thought my money was safe. Guess that's it... bunch of crooks

**Donadon** · 08-27-11, 07:29 AM

I was paid a high 3 figure sum from bet247 10 days ago after some chasing.

I never thought they are going belly up though

**boar** · 08-27-11, 02:08 PM

I would expect clients to receive a very low % of their balances
IF the segregated account wasn't emptied. If the segregated
account wasn't maintained we will be looking at a fraud case
which will seriously embarrass the ACT govt as their employees
were negligent in their duties.

Legally I wonder whether customers would have a case against
the ACT government as their employees appeared not to enforce
their clearly defined policy on segregated accounts.

Bear in mind Canberra is not Costa Rica. License applicants have
to go through a rigorous probity check and regulators do tend to
enforce govt policy.

As someone who was involved in this business in its previous
incarnation, with several friends and former clients with money at Sports
Alive, I feel a great degree of moral responsibilty to put pressure on the parties who,
I believe, are partly responsible for this fiasco.

Please feel free to PM me if you wish to be included in more private updates/discussions
on this matter.

**potless** · 08-27-11, 04:24 PM

Oh Hareeeeeeeeba
looks like you were 100% correct as ever
thanks - good job

**noyb** · 08-27-11, 06:13 PM

boar, your pm is disabled.

**brettels** · 08-27-11, 11:29 PM

I would really like to know what hareeba has to say on the subject! seeing as he has been right about everything so far

**jazzmonkey** · 08-28-11, 02:59 AM

would be nice if this thread was for info and the bickering kept for the playground...

boar, i would be interested but as noyb says no way of sending a message

**AimingHigh** · 08-28-11, 07:46 AM

Very relieved that my account is moving to Tom Waterhouse. If anyone knows anything about him/his book, I'd be interested to know.

Sorry for all those Sports Alive customers, who haven't yet been offered a deal similar to that offered to those with Bet247.

**King_Suckerman** · 08-28-11, 08:00 AM

Originally posted by jazzmonkey

would be nice if this thread was for info and the bickering kept for the playground... boar, i would be interested but as noyb says no way of sending a message

Well said Sir.

**brettels** · 08-28-11, 08:20 AM

The bickering is simply a case of what goes around comes around. If you saw the other thread about this you'd see why.

**boar** · 08-28-11, 02:13 PM

Apologies - I have enabled messaging on my account.

Hoping to get an update in the next day or two.

**lacoste** · 08-28-11, 04:02 PM

Hope to get an positive update, boar.

**noyb** · 08-28-11, 04:40 PM

Originally posted by boar

Apologies - I have enabled messaging on my account.

Hoping to get an update in the next day or two.

you're still not reachable. probably has something to do with a low nr of posts, not sure how that works on this forum.

**in play, run(s)** · 08-28-11, 04:45 PM

I hope those asslickers from sportsalive are going to pay us...

**Hareeba!** · 08-28-11, 09:13 PM

Originally posted by potless

Oh Hareeeeeeeeba
looks like you were 100% correct as ever
thanks - good job

Thanks
The information I posted was 100% as told to me.
Bottom line is that, although they will not be relaunching their site, all Bet247 customers will have their balances transferred in full and accessible at Tom Waterhouse's site this week.
So Brettels' information has been found to be inaccurate.

**Hareeba!** · 08-28-11, 09:16 PM

Originally posted by brettels

I would really like to know what hareeba has to say on the subject! seeing as he has been right about everything so far

Yes. Certainly more so than you.

**brettels** · 08-28-11, 10:07 PM

OH MY GOD

in this situation i have been right about everything. you hareeba have been wrong. yet you claim you are right. you have some serious mental issues in your own little world in that peanut size brain.

communicating with you is like telling a 1 day old baby to walk, and you give the same response the baby would give.

Dumb retardation at its finest, i'm done with dumb fools like you now hareeba, every forum has a dip shit and at SBR it is you.

geez, I've seen some real fools commenting on forums but Hareeba is the icing on the cake!

**Hareeba!** · 08-28-11, 10:33 PM

Originally posted by brettels

OH MY GOD

in this situation i have been right about everything. you hareeba have been wrong. yet you claim you are right. you have some serious mental issues in your own little world in that peanut size brain.

communicating with you is like telling a 1 day old baby to walk, and you give the same response the baby would give.

Dumb retardation at its finest, i'm done with dumb fools like you now hareeba, every forum has a dip shit and at SBR it is you.

geez, I've seen some real fools commenting on forums but Hareeba is the icing on the cake!

For the benefit of those interested in the truth, following is what I posted on Friday:

"Bet247 is owned quite separately to SportsAlive and they are still in business. Their website is expected to be up and running by tomorrow if not later today."

I made that post in good faith for the benefit of anyone interested based on a discussion I had had with Bet247 that morning. I had and still have no reason to doubt that it was perfectly factual.

Bet247 are obviously not in the same boat as Sports Alive which has called in receivers. Punters with money at Sports Alive will have to wait to learn their fate. Punters with money at Bet247 (we are told and I have no reason to doubt) will have access to their money at Tom Waterhouse's site this week.

It would seem that Bet247, for whatever reason, subsequently decided against relaunching their website and passed their clients over to Waterhouse.

Hindsight can be a wonderful thing can't it?
Here we have Brettels telling me I was wrong when I was in fact doing nothing more than passing on information for the benefit of others. I wasn't wrong at all. That was what I was told and make no apologies for having posted it.
He himself had no clue but just kept telling me that they are a "white label" and then lying about me having denied that when I made no such statement at all. Bottom line is that punters haven't lost their money as is what he was suggesting.
And then we have clueless Potless somehow interpreting my words as amounting to a personal guarantee!!

**tommygun** · 08-29-11, 01:23 AM

you were fukkin wrong man get a clue