Allstar payout ....

jdubinva · Mar 15, 2007

This crap is getting old with Allstar.com. It's been over a month since I requested my payout but they still give the same response - "Our processor is delayed due to an increase in requests by check". What a crock.... Companies can only use Neteller as an excuse for so long. This book has 4 of mine that I'd like in my bank account. Does anyone have any ideas?

Brock · Mar 15, 2007

What the hell are these books doing. The slow pay
is only going to kill there business. There is no reason
a book can't get a payment request to the recipient
in one month.

jdubinva · Mar 15, 2007

Thank you! I just wonder if they have any intention of paying. They have no problem taking deposits but they just can't figure out how to cut a check. Hmmmm ..... And their site still promises payouts within 24-48 hours.

SportSavant · Mar 15, 2007

Please email me your account number and I will look into it for you, sportsavant@therx.com

have you asked wether you can receive it via western union?

jdubinva · Mar 15, 2007

Wilheim looked into it and said the problem was due to finding a processor. This has been going on for an eternity. Yes, I've asked them about Western Union and they will accept but they sure as hell won't pay out that way. They owe me 4 grand - I'd fly down there and pick it up and write off the thousand or so for airfaire if they'd let me. It's ridiculous that they keep taking deposits from people and continue to throw out their lies.

BigAltheShoeman · Mar 15, 2007

I DON'T know if this is going to help/hurt ?

<TABLE borderColor=#859be4 cellSpacing=0 cellPadding=0 border=1 borderstyle="solid"><TBODY><TR><TD class=sbrtdtittle vAlign=top align=left>Location and Licensing Jurisdiction</TD><TD class=sbrcontent>Allstar is operated by Internet Opportunity Entertainment Ltd. (IOE), a subsidiary of SportingBet, Plc. IOE is licensed in Antigua to conduct Internet gaming, and SportingBet, Plc. is a publicly reporting company on the London Stock Exchange.
</TD></TR></TBODY></TABLE>

A federal judge ruled this week that Andris N. Pukke, former head of bankrupt Germantown credit counseling agency AmeriDebt, is in contempt of court and ordered him to turn over about $40 million worth of disputed assets, including interests in an Internet gambling venture, a Belize development project and a California mansion.

On May 22, 2006 the Receiver conducted a deposition of John Pukke, Mr. Pukke’s father. John Pukke produced bank account statements at Hansabanka. John Pukke asserted that he owned these bank accounts. Among other items reflected on the bank statements are receipts from Sportingbet.
The Receiver’s Third Report discussed Andris Pukke’s ties to internet gambling interests. John Pukke testified he made a $45,000 investment in 1998 in Internet Opportunity, a company purportedly formed by his godson, John Vipulis. Internet Opportunites was a predecessor company to Sportingbet Plc. John Pukke also testified this investment was to provide start up capital and he acquired 1.75% of the company. He was not able to produce any document evidencing this investment.

The Board of Sportingbet has noted the recent press speculation and confirms that it has received a very preliminary approach which may or may not lead to an offer for the entire issued share capital of Sportingbet.

Allstar.com Sportsbook and Casino
SBR RATING D+

I have 'NO IDEA", if these stories are related to your problem or not ?

I just report the information I have.

This may/or may not clear things-up for you.

good luck

the Shoeman

jdubinva · Mar 15, 2007

I don't know if they are related either. Seems you've done more research following the money trail... I do know Hollywood, Allstar, Playersonly and a few other books are all linked and not paying out. It used to be no problem getting a check within a week - now getting a check is a pipedream!

BigAltheShoeman · Mar 16, 2007

Brands

Here are the BRANDS I was able to track, so far.

• www.paradisepoker.com (Worldwide)
• www.sportingodds.com (UK)
• www.sportingbet.com.au (Australia)
• www.eurosportwetten.com (Austria/Germany)
• www.sportingbet.com (Europe)
• www.superbahis.com (Turkey)
• www.sb28.com (Asia)
• www.miapuesta.com (Spain)

*******************************************************

12 October 2006

Sportingbet Plc
(“Sportingbet” or the “Group”)

Disposal of US Operations

Since the passing of the Unlawful Internet Gambling Enforcement Act of 2006 (the “Act”) by US Congress on 29 September 2006, the Board and its advisors have undertaken a comprehensive legal and strategic review with regard to the Group’s US operations. The advice received was consistent in substance and concluded that
Sportingbet should not continue to provide gaming services to US based residents following the enactment of the legislation by the President of the United States.

Having considered the legal advice received and the options available, the Board concluded that a disposal of the Group’s US-facing sports betting and casino operations together with the closure of its US poker operations was in the best interest of all stakeholders.

The Disposal

Sportingbet announces that it has sold, on 12 October 2006, its US-facing sports betting and casino business (the “US Operations”) to Jazette Enterprises Limited (“JEL”) (the “Disposal”). Sportingbet received cash consideration of US$1 for the shares and related assets of the US Operations, and has discharged excess liabilities amounting to approximately US$13.2 million. Had the business been closed, the Board estimated that the cost of severance and closure would have
amounted to approximately US$14.0 million – a total saving of circa US$27.2 million.

Following the Disposal, neither Sportingbet, its Directors nor related parties will have any interest, commercial or otherwise, in JEL or the US Operations.
The US Operations employed over 500 people and the Board understands that JEL intends to preserve the operational structure to all material extent.
Under the terms of the Disposal, Sportingbet will retain the URLs and intellectual property of wallstreet.com, aces.com and sportingbetUSA.com though these will not be used for any US gaming purpose. In addition, JEL has agreed, for a period of two years, not to take bets from non-US residents and for a period of three years, not to take bets from customers outside the Americas region. Further, Sportingbet has retained the details of all non-US resident customers currently registered with the US
Operations. Sportingbet will attempt to migrate those customers to its ongoing European business.

The Disposal is subject to a condition precedent that the Act is signed by the President of the United States and becomes law prior to the closing of the 109th Congressional Session. Should the Act not become law by the end of the 109th Congressional Session, JEL is entitled to payment of US$0.5 million, and the US operations will revert back to Sportingbet.

Paradise Poker

Sportingbet will retain the Paradise Poker business, but will, with effect from 11.00am UK time, 13 October 2006, cease taking deposits from US resident customers.

To allow for an orderly wind down of the US Paradise business, Paradise Poker will remain open for US customers for real money poker play utilising their existing account balances for one month. At the end of the month long period, US residents will be prevented from playing real money poker at Paradise. In addition, the Board has taken immediate steps to prevent customers from ten US States where there is law prohibiting internet gambling from playing real money poker at Paradise Poker.

The Group will continue to market Paradise Poker in Canada, Europe and other relevant markets whilst maintaining its “dot net” free to play site for all customers.

Continuing Operations

The continuing operations of Sportingbet will consist of the Group’s existing European sports, casino and poker business, the Australian sports business and the non-US business of Paradise Poker.

The Group will now focus on further development of its European and Australian businesses. The Australian business, now with a greater focus on the retail customer is generating more stable margins and therefore profitability. Across the Group, we will continue to focus our efforts on providing a high quality user experience backed by first class customer service.

Paradise Poker will concentrate on retaining the European based liquidity pool following the reduction in customer numbers from being no longer able to gain access from the US. The reduced customer numbers are expected to have an adverse impact on rake generated by these players. The non-US Paradise Poker platform will roll out multi-language and multi-currency facilities to complement our localised sports and casino offering. Europe will be the primary focus for Paradise marketing as we continue to exploit this high growth market.

The actions taken as a result of the passing of the Act are expected to create a significant exceptional item in the financial year ending 31 July 2007 due to the write down of goodwill and the costs of restructuring. It is the Board’s intention to quantify these before announcing its first quarter results on 29 November 2006.
Commenting on the Disposal, Andrew McIver, Chief Executive designate, said:

“We are saddened to have to dispose of such a fantastic business as a result of political actions in the US Congress. The sale however, prevents significant closure costs which would have been both expensive and time consuming. It also preserves the employment of those of our colleagues who have worked so hard to build the US operations into the highly profitable business it is today.

Sportingbet will now focus on developing its business in other key markets of the world.”

Enquiries:

Sportingbet Plc Tel: 020 7184 1800
Andrew McIver, Chief Executive designate
Simon Gregory, Director of Corporate Finance

Smithfield Consultants Tel: 020 7903 0669
George Hudson