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The Offshore Wire Forum > Offshore Gambling Information > Offshore Sportbooks > Is this Royal's darkest hour ?   Forum Quick Jump
 
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slash
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   Posted 4/6/2005 12:12 PM (GMT -4)    Quote This PostAlert An Admin About This Post.
Old, yes I did.. but I wasn't posting 25 hours per day that he/she was the greatest person on earth.
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marc
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   Posted 4/7/2005 2:17 PM (GMT -4)    Quote This PostAlert An Admin About This Post.
Roberto,

I feel like when I read your possts, I get mixed messages about ROyal. On the one hand I recall where you indicated that the current owners have more than suffcient funds to pay players. On the other hand you are reporting taht they owe vendors in the the 6 figures. So does this mean that they have money, but don't want to pay, or does it mean that perhaps they don't have as much money as you thought.

Also how serious are the discussion regarding the sale of Royal. Is it fair to assume that the possible buyer is already aware of most of the current financial issues facing royal.

I'm just trying to understand your opinion of how safe Royal is.
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TOW
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   Posted 4/7/2005 4:33 PM (GMT -4)    Quote This PostAlert An Admin About This Post.
marc,

Royal's owners have more money than any normal person could dream of. The problem is managing money in a fashionable way, pay when people expect you to do so and not when external pressure obliges you to comply.

The bookmaker who has made himself available to purchase Royal Sports has good knowledge of current state of the Company.
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drunkguy
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   Posted 4/7/2005 5:18 PM (GMT -4)    Quote This PostAlert An Admin About This Post.
marc - glad to see you over here
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marc
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   Posted 4/7/2005 7:02 PM (GMT -4)    Quote This PostAlert An Admin About This Post.
So Roberto,

Wuold you agree that its a fair assumption that either the current owners will either continue to pay the players or sell the book.
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TOW
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   Posted 4/7/2005 9:05 PM (GMT -4)    Quote This PostAlert An Admin About This Post.
marc,

Only time will tell. I am currently dealing with a truly disgusting situation that Royal left behind in Curacao. If they want to keep the book they must work really hard to fix all the mistakes they have made.
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