Matchbook gives US accounts the heave ho

[Enigma]

matchbook reps were still denying it today, too, even after dozer broke the news

 

[MonkeyF0cker]

We need Fishhead to get to the bottom of this.

 

[rito]

lol at dozer breaking the news and sbrjohn's posts about how sbr was all on top of the situation. they have been 6months behind every time.

 

[Mudcat]

matchbook reps were still denying it today, too, even after dozer broke the news

Huh? I copied that notice right off the website.

 

[Enigma]

this afternoon they were still telling people they accepted us customers

durito: this is the first I've seen it here.

 

[reno cool]

I got the letter yesterday.
Good thing about guys like Blackie, they're not likely to puss out for fear of US law.

 

[Enigma]

this decision by Matchbook makes no sense to me.

 

[roguejuror]

Surely who ever bought it must have done it without the debt.

 

[rito]

Surely who ever bought it must have done it without the debt.

I don't know, I don't think the old owners had the funds to pay it all out. And the new owners are handling the payouts.

 

[roguejuror]

That's millions of dollars for a broken brand and shitty software though.

Someone in the position of Pinnacle I can see doing it. To rival Betfair?

 

[rito]

That's millions of dollars for a broken brand and shitty software though.

Someone in the position of Pinnacle I can see doing it. To rival Betfair?

That's what I don't get. Why buy it? They were allegedly offering it to the costa rican books almost 2 years ago for virtually nothing, and none of them wanted it. So why buy it now? Some guy at 2p2 is one of the buyers I guess or something and is answering questions: http://forumserver.twoplustwo.com/4...ding-sbr-matchbook-leaving-u-s-market-988577/ says they have good software. lol.

 

[Enigma]

only way I'd want to buy matchbook would be if I didn't have to pay all the customers

just paying off all the americans is quite a bit of money. Whole thing is hard to fathom. Matchbook was very poorly run. An exchange done right would be a boon to whoever owned it. I'd rather start from scratch than shell out whatever it cost them.

 

[Polaroid]

Someone in the position of Pinnacle I can see doing it. To rival Betfair?

If you're going to rival another sportsbook then Betfair is probably the worst one in the world to take on, Mansion gave away the house and still never even came anywhere close to Betfair.

 

[FreeFall]

Wow. They still have a long way to go.

They promised us it last NFL season. I doubt they have shit.

 

[MonkeyF0cker]

That's what I don't get. Why buy it? They were allegedly offering it to the costa rican books almost 2 years ago for virtually nothing, and none of them wanted it. So why buy it now? Some guy at 2p2 is one of the buyers I guess or something and is answering questions: http://forumserver.twoplustwo.com/4...ding-sbr-matchbook-leaving-u-s-market-988577/ says they have good software. lol.

They could certainly improve the front end AJAX implementation, but the API is pretty solid and complete (so long as the entire site is up and running). That's a lot of work to bypass if you're looking to startup. I'm not sure it was a good purchase though. It was on the market for about $250k or less at one point. However, if you're going to eliminate U.S. clientele, you're essentially just buying the software and moderate name recognition.

 

[Mudcat]

I find this so depressing. Matchbook is a huge part of my business. Obviously I don't know how exactly it is all going to play out but I just don't feel like it can be good.

 

[Matty]

I wonder if Shrink's $500k stiff job had any part in Matchbook's desire to sell the biz.

Can't believe these guys were giving credit accounts - any credit operation's default rate is going to be way higher than Matchbook's razor-thin margins.

Idiots.

Jerkoffs like Justin7 were playing dumb 2 years ago.

 

[Matty]

And even if the new ownership has deep pockets, all they got is some shaky software and a clientele of (how many?) sharper than average, non-American players who will flee the place as soon as they align their commission structure with that of Betfair. Which seems inevitable.

Suicide.