Pinnacle Gives Up.....

[randallscott35]

Originally Posted by Scav

Who is it on? Hedge through a guy....

The 'connected' loves this move, Pinnacle was popular enough to get mentioned on the Sopranos

PATS Scavs.

I know a few "guys." Haven't used them in some time and don't like to. Plus we would be talking about a serious hedge if they get to the dance....May take my chances or just cover the principal bet.

[SentToStud]

This is the start of the Apocalypse as far as I'm concerned.

[JJP]

Look for some of the current operating offshores to start to offer racing rebates. There's a big market out there that's just waiting to be tapped. CRIS is already there but I'd look for WSEX and Bodog to start offering some kind of rebate. I don't see either of those companies giving up anytime soon.

[Scav]

Originally Posted by JJP

Look for some of the current operating offshores to start to offer racing rebates. There's a big market out there that's just waiting to be tapped. CRIS is already there but I'd look for WSEX and Bodog to start offering some kind of rebate. I don't see either of those companies giving up anytime soon.

JJP,

With Pinnacle closing, how can you essentially trust anyone else in this industry? I doubt you want to happen to you, what happen to Betwwts customers....

[JJP]

I'm not sure you can trust anybody but I do know CRIS has had a pretty good reputation over the years.

[Dunbar]

Originally Posted by Scav

JJP,

With Pinnacle closing, how can you essentially trust anyone else in this industry? I doubt you want to happen to you, what happen to Betwwts customers....

The A-rated books will probably survive, but there will definitely be a certain amount of panic in the next few weeks. I don't see any reason to take the small risk.

btw, the WWTS customers got paid, right? They had to sweat for 2 months, but I think they got paid after the accounts were transfered to Bodog.

Originally Posted by JJP

I'm not sure you can trust anybody but I do know CRIS has had a pretty good reputation over the years.

CRIS and TheGreek (Olympic) would be at the top of most people's list of most secure sportsbooks.

--Dunbar

[Scav]

With Pinnacle bailing, I wouldn't trust a single one of those books. no matter what their rating. Pinnacle was A rating, and SBR had no clue this was coming (at least from the forum). I think Pinnacle is being unbelievable in saying "Listen, process your withdrawals and close us out" instead of doing what Betwwts did. They did get their cash, but it was subject to rollovers and Bodog sucks

[SentToStud]

Interesting I read that the U.S. market accounted for 60-65% of Pinnacle's revenue.

Ouch.

http://www.eog.com/news/full-article.aspx?id=16428

[kenny p]

Originally Posted by SentToStud

This is the start of the Apocalypse as far as I'm concerned.

In the near future you will see the books leaving Costa Rica. Next stop Panama. What a shame about Pinnacle. Leave it to our puritan phony bunch of bums in Congress to ruin it all for us. Also for some reason the Queens DAs office is gung ho to nail bookmakers. They are on a big mission and have been for about 3 years. KP

[randallscott35]

Originally Posted by kenny p

In the near future you will see the books leaving Costa Rica. Next stop Panama. What a shame about Pinnacle. Leave it to our puritan phony bunch of bums in Congress to ruin it all for us. Also for some reason the Queens DAs office is gung ho to nail bookmakers. They are on a big mission and have been for about 3 years. KP

Kenny,

Pinnacle is and always has been in Curacao. I avoid Costa Rican books.

[kenny p]

Originally Posted by randallscott35

Kenny,

Pinnacle is and always has been in Curacao. I avoid Costa Rican books.

I didnt mean Pinnacle was in Costa, just that you will see the other books pulling out of CR Thanks KP