update:
This is the 8/2 entry at SportsbookReview.com:
08.02.2008 (02:41 PM CST)
BoDog downgraded due to processing issues. Bodog (SBR rating B-) tells SBR that closing third party processors have forced them to reroute transfers through other payment services. This has caused players to wait even longer than the 40 business days listed on the Bodog website. Players who deposited via person-to-person transfer methods have the ability to receive payment through the same method within three business days. Non-U.S. users using eWallets, Neteller or Moneybookers are offered payment within one business day. Bodog's downgrades from A to B- this summer reflect the book's inability to send checks or bank wires in a time frame consistent with top sportsbooks. The drop from B to B- occurred on 7/31.
BoDog has responded to the seizure report (which seems to have originated at Forbes.com). see:
http://www.ogpaper.com/news/news-02290.html
In its response, Bodog notes that part of the $24M seizure took place earlier this year--that's consistent with the original article--and caused no disruption to payouts. Bodog says that the recent 9.9M in funds seized from the Nevada bank were not (solely?) Bodog funds.
--Dunbar