BETCORP LTD
NOTICE TO CUSTOMERS
OCTOBER 20TH
On October 20th Betcorp Limited entered into an agreement to sell its gaming operations in Antigua and Toronto to Bodog Entertainment Group SA. This agreement is subject only to the approval of the shareholders of Betcorp at an Extraordinary General Meeting.
The Company will shortly be sending a Notice providing the requisite 21 days notice of such a meeting to its shareholders.
The meeting to approve the Disposal will take place on November 15th. A copy of the Press Release explaining this Proposed Disposal is available on the Betcorp Limited website at www.betcorp.com.au
The implications of this for our customers are:-
1 We will continue to accept deposits and wagers from non-US residents and process withdrawals in the normal way
2 The accounts of US residents, which were suspended on the 13th October immediately following the passage of the Unlawful Internet gaming Enforcement Act, will continue to be suspended until shareholder approval for the Disposal has been received. US Residents will not be able to deposit, wager or withdraw from their accounts.
The Company recognises that this will continue to annoy and inconvenience its customers and reassures them that it would not be taken unless it were absolutely necessary. The Company can however reassure all customers that their funds are safeguarded and that all their funds will be available for withdrawal following the approval by shareholders of the Disposal.
Betcorp asks US customers please not to take any frustrations out on its customer service staff, as they have no control over the situation and will not be able to provide any information additional to that set out in this notice.
Thank You
NOTICE TO CUSTOMERS
OCTOBER 20TH
On October 20th Betcorp Limited entered into an agreement to sell its gaming operations in Antigua and Toronto to Bodog Entertainment Group SA. This agreement is subject only to the approval of the shareholders of Betcorp at an Extraordinary General Meeting.
The Company will shortly be sending a Notice providing the requisite 21 days notice of such a meeting to its shareholders.
The meeting to approve the Disposal will take place on November 15th. A copy of the Press Release explaining this Proposed Disposal is available on the Betcorp Limited website at www.betcorp.com.au
The implications of this for our customers are:-
1 We will continue to accept deposits and wagers from non-US residents and process withdrawals in the normal way
2 The accounts of US residents, which were suspended on the 13th October immediately following the passage of the Unlawful Internet gaming Enforcement Act, will continue to be suspended until shareholder approval for the Disposal has been received. US Residents will not be able to deposit, wager or withdraw from their accounts.
The Company recognises that this will continue to annoy and inconvenience its customers and reassures them that it would not be taken unless it were absolutely necessary. The Company can however reassure all customers that their funds are safeguarded and that all their funds will be available for withdrawal following the approval by shareholders of the Disposal.
Betcorp asks US customers please not to take any frustrations out on its customer service staff, as they have no control over the situation and will not be able to provide any information additional to that set out in this notice.
Thank You
