The Offshore Wire Forum > Offshore Gambling Information > Offshore Sportbooks > The Offshore Wire statement on Royal Sports |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/11/2005 11:36 PM (GMT -5) |
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I'm always glad to read of players getting paid. |
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drunkguy
Registered Member

      
Date Joined Mar 2005
Total Posts : 945
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Posted 4/11/2005 10:31 PM (GMT -5) |
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Seems as if people are being paid very rapidly right now
same day Netellers for a few dimes does not seem to be a problem |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/11/2005 10:04 AM (GMT -5) |
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Oldie,
I don't necessarily agree but respect your theory of "sweating the payout, not the game". Having said that I must say that what has recently surfaced about Royal is not classifiable as trash. When you have players on payment plans is not trash. When you disrespect employees is not trash ( you most adored saleswoman, now back in Curacao ) is still waiting for the last portion of her salary, when agents are being disrespected and owed 6 figures is not trash. However I do agree with you that Royal has made the mistake to overexpose themselves by aggressively marketing forum crowds. |
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sheva
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Date Joined Mar 2005
Total Posts : 223
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Posted 4/4/2005 3:27 PM (GMT -5) |
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This is by far the most troubled book during the last two years (that is still operating!) Amasing what they have done in the past (both positive and negative) and now this - truely amasing! Glad I don´t have money there (although it was close the other day when they call and offered me 25% no limit and a 3 times roll over!)
Can´t wait to see what will happen next! |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/4/2005 3:23 PM (GMT -5) |
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There is no rationality in Royal's behaviors in these hours. They have funds, yet seem reluctant to do what any other honorable book would : pay the players. |
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sheva
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Date Joined Mar 2005
Total Posts : 223
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Posted 4/4/2005 3:22 PM (GMT -5) |
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EXCATLY!!
"The most generous attempt to save players funds in the history of the offshore industry"
Were we not "only" talking some minor slow pays? |
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slash
Dispute Arbitration Panel Member

      
Date Joined Mar 2005
Total Posts : 346
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Posted 4/4/2005 3:16 PM (GMT -5) |
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By making such an announcement, Roberto also says that Royal Sports in on the verge of bankruptcy. If that's the case, how come it hasn't been mentioned? |
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drunkguy
Registered Member

      
Date Joined Mar 2005
Total Posts : 945
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Posted 4/4/2005 2:09 PM (GMT -5) |
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4/4/2005 BREAKING NEWS : Royal Sports update |
TOW has been approached by one of the most prominent and trusted offshore bookmakers ready to step to the plate of troubled Royal Sports. This individual is willing to immediately initiate a due diligence on the state of Royal Sports and eventually make a proposal to current ownership. TOW believes this bookmaker’s action is the most generous attempt to save players funds in the history of the offshore industry. |
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drunkguy
Registered Member

      
Date Joined Mar 2005
Total Posts : 945
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Posted 4/4/2005 2:59 AM (GMT -5) |
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From the TOW news wire April 3:
TOW is closely monitoring the unfolding of Royal Sports situation. We are awaiting reports from players who have been promised their tracking numbers for tomorrow, Monday April 4th 2005. To Royal credit some players have been offered alternative payout methods such as person to person. However such option is limited to $ 1,200.00 per day and fees are fully charged to players. |
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bigboydan
Registered Member

      
Date Joined Mar 2005
Total Posts : 4902
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Posted 4/3/2005 2:09 PM (GMT -5) |
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i'll say it again. only this time i will say it over here.
if your going to play with royal right now. use the SGA program and at least get your funds insured. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/3/2005 9:09 AM (GMT -5) |
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slab,
I got banned while being an advertiser there. No biggie. Things may happen in life. Although I can understand that sometimes banning may become a need, specially when posters become disrespectful with others.
My aim is to have towforum a place where posters may comment on issues without having to fight with others because of their opinions. This doesn't mean I want people to make vanilla posts, rather to always think before they type and avoid hurting others feelings.
I believe posters are a great source of information for all other players because of their direct experience with sportsbooks. And this what drunkguy and I are committed to build here : a place where players may share their info in a friendly environment. |
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TheGuesser
Registered Member
       
Date Joined Apr 2005
Total Posts : 84
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Posted 4/3/2005 12:10 AM (GMT -5) |
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True we don't know the backgrounds of Sportsbook owners. But we do know the names of some prior sportsbook stiffs like Charlie Therwanger, Mark Del, Eddie Hadeed, Monty from Caribi, etc. If it was learned any of these stiffs were involved in a responsible financial position with any Book, even CRIS, Pinnacle, WSEX, etc, the blasts would be equally as loud as Royal's with Tej. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/2/2005 4:46 PM (GMT -5) |
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sheva, I didn't mean to compare the three, just came up with three names. The list could be endless.... |
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sheva
Registered Member
       
Date Joined Mar 2005
Total Posts : 223
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Posted 4/2/2005 4:43 PM (GMT -5) |
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TOW wrote: do you know the names of Pinnacle shareholders ? Or CRIS ? Or Playthescore ?
Why compare playthescore to pinny and cris? You probably just came up with three sportsbook without really thinking - I just find it funny that you name PTS along with Pinny and Cris thats all... |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/2/2005 4:20 PM (GMT -5) |
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slab, allow me to say this : if I had been at the helm of Royal today I would have had no problem whatsoever in disclosing the name of the owners. I am not, and despite not agreeing with their decision to dodge the question, I shall say that they have the prerogative of doing so. Bottomline I agree with you on the disclosure, I may object on the "titles". |
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slab
Registered Member
       
Date Joined Mar 2005
Total Posts : 14
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Posted 4/2/2005 4:08 PM (GMT -5) |
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I'm not arguing or saying what is right or wrong. I'm just saying that it is true that they are getting bashed in the forums for staying silent about their relationship with Tej. That's all. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/2/2005 4:02 PM (GMT -5) |
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Let me put it this way : as long as the book remains in good standing and pays they should have no problem in disclosing the name of their owner IMHO, cause as I said facts are more important than gossip, and players report receiving their payouts.
I also believe that the theory of the so called "ponzi scheme" doesn't apply to the fact that Royal is paying, since I honestly believe their current payouts exceed by far their current deposits.
Yet it is their prerogative to decide if to officially disclose or not disclose the name of their owner. |
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slab
Registered Member
       
Date Joined Mar 2005
Total Posts : 14
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Posted 4/2/2005 3:55 PM (GMT -5) |
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I personally like Royal. I got banned from Rx about a year and a half ago for taking their side in a dispute between Royal and poster InuitionBet. It got real ugly and Royal ASKED to have their banners taken down. But nontheless it is true that Royal is being bashed for staying silent about their involvement with Tej. |
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TOW
Founder

      
Date Joined Mar 2005
Total Posts : 1866
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Posted 4/2/2005 3:46 PM (GMT -5) |
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Let me ask you this slab....do you know the names of Pinnacle shareholders ? Or CRIS ? Or Playthescore ? Royal's ownership has not been a secret to people "in the know", yet, all of the sudden, the mudslide begins. Is this guy a Nun ? Hell no. But trust me when I say he is in good company......a few names come to my mind, actually more than a few. And I say this thinking about sportsbooks that have a much higher rating than Royal does on The Offshore Wire.
I therefore believe that judgement should be based on current factual elements. Royal pays, not the fastest book for payouts, but pays.
Please don't read this as an endorsement, because its not. I rate Royal 6, and it is not a mystery that I advise players to play with books rated 8 or higher. But objectivity is required from time to time, and this is one of those times. |
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