Article about Betholdem not good!!!!!!

[oober]

Thought any BH players need to know....

http://www.eog.com/news/industry.aspx?id=10548

Glad I got most of my money out before the freeze. Might lose 500, but least I can stomach that...

[boondoggle]

bodog buys them

All is well.

cheers
Boon

[oober]

If this is true that's great. FIngers crossed!!!!!!!!!

[MLSchaff]

Thank you, Calvin!

BODOG ACQUIRES BETWWTS FOR 9 MILLION DOLLARS, WWTS NETS 4 MILLION
written October 19, 2006

EOG has been informed that BODOG paid 9 million dollars for BETWWTS.com. As we reported on Wednesday, the deal had already been consummated but not all the paper work had been completed.

The higher up executives from BetWWTS arrived back in Antigua yesterday afternoon with smiles on their faces.

According to "inside" sources, and these are all ballpark figures, here is the breakdown of the deal.

WWTS had a post up debt of 9 million.

WWTS had a $1 million dollar debt to its software providers.

WWTS had $5 million coming to them within the next 6 months from "receivables" and from "processors."

Therefore, their net liability is/was $5 million dollars.

Bodog paid $9 million dollars to acquire Betwwts.com.

WWTS walks away from deal with a net of $4 million dollars plus whatever cash they had on hand (approximately 2-4 million)...

We suspect this is not only good news for gamblers and punters, but we believe their stock will go UP once this news breaks "officially" and assuming our sources are correct of course...

written by Kenneth B. Weitzner

copyright--EOG

[MLSchaff]

And another one - this time from gambling911.com

BetWWTS.com sold for $9 million
The sale for BetCorp's, BetWWTS.com, has been complete with an announcement forthcoming either later Thursday or some time Friday. BetWWTS.com has been sold for $9 million, including the company's infrastructure.

All details will be provided by Friday in regard to this sale, though more information could be available by Thursday afternoon.

Melbourne-based Betcorp said it had suspended its US operations after the Unlawful Internet Gambling Enforcement Act of 2006 was signed into law by US President George Bush last Friday.

Betcorp said it was "unable to sell its US operations prior to the act coming into force", given that both the ASX listing rules and the AIM Rules required any such transaction to be conditional upon shareholder approval.

"Having taken legal and regulatory advice, the company's board were unanimously of the view that the company should comply with this requirement," it said.

Three parties had been vying for the purchase of BetWWTS.com according to Gambling911.com sources.

---

Gambling911.com News Wire

Originally published October 19, 2006 10:09 am ET

[portisfreak]

[ QUOTE ]
Thank you, Calvin!

[/ QUOTE ]

Something very wierd about hearing that statement...

[Little_Luck]

Then you didn't have money in a WWTS account