11-08-05, 02:28 AM
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#1
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Cascade and 777Rock merging
777Rock switched over theit software Monday to integrate with Cascade.
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11-08-05, 02:47 AM
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#2
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They are now using identical lines.
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11-08-05, 03:41 AM
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#3
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i've heard about this merger earlier and, still waiting for the offical announcement on it.
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11-08-05, 03:51 AM
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#4
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Any word on when this is going to be announced officially Raiders?
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11-08-05, 03:57 AM
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#5
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Should come out Tues or Wed
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11-08-05, 10:14 AM
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#6
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So Cascade/Delmar is buying out 777? Or is 777 just using their lines and CS?
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11-08-05, 10:33 AM
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#7
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Delmar, already majority partner into Cascade, is now majority partner into 777rock as well.
Integration of software platforms reached completion yesterday.
777rock will continue to operate its own brand while cs, banking and part of content will be shared with the group's already existing resources.
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11-08-05, 11:42 AM
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#8
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I think 777rock is going to lose some of their post up business as a result. The 2 things that rock offered were hign online limits, and a dynamic line display, with this merger they have gotten rid of both.
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11-08-05, 12:05 PM
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#9
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I believe they intent to keep their hign limits. They told me so over the phone. I will absolutly miss their dynamic lines aswell...
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11-08-05, 01:00 PM
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#10
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Quote:
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Originally Posted by sheva
I believe they intent to keep their hign limits. They told me so over the phone.
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when they first opened up, there ownership at the time felt very confident they could beat the sharps. |
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11-08-05, 01:05 PM
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#11
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And they have BBD.
777rock is a small gem. Yes, they have little more than 100 actives on the post up side (5 times more on the credit side), but they have been literally grinding their players all season long.
One of the few books well ahead this season. This is why, compared to the size of the book, the deal's price is quite heavy.
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11-08-05, 01:46 PM
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#12
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Roberto, what is the BS about 777 no longer backing DimeBetting balances? I can understand if they want to end the relationship, but in my mind they should have to give players time to get their balances if they choose to no longer play with DB. I have no money at either book so it doesn't affect me, but seems stupid to one day back them and pay out of the 777 neteller account and then at the snap of the fingers with no warning not back them.
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11-08-05, 01:50 PM
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#13
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Lakerfan,
It appears that there has been some rust between 777rock and John Vega lately.
777rock made the offer to take over Dimebetting, Vega bought time.
This said 777rock stands good for players balances up to 11/7.
I don't think its bs. Dimebetting was dead meat until 777rock took them over and paid (cash) all owed players.
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11-08-05, 03:28 PM
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#14
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So what does this mean for Dime?
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11-08-05, 04:12 PM
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#15
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heres SBR's latest announcement about this one:
Quote:
11.8.2005 (12:46 PM CST)
SBR Bill Dozer reports: 777Rock (SBR rating C-) ends partnership with Dimebetting (SBR rating D), switches to ASI software. Two months after bailing out insolvent Dimebetting and launching on the Dimebetting platform, 777Rock ends affiliation with the sportsbook and moves to office in Santa Ana, Costa Rica. 777Rock will be reassessed after completing plans to upgrade website and to add Neteller and credit card processing in mid December. 777Rock ownership is known for its successful credit business and tells SBR that they are now using the facilities of one of the industry’s largest credit operations.
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11-08-05, 04:55 PM
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#16
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Quote:
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Originally Posted by TOW
Lakerfan,
It appears that there has been some rust between 777rock and John Vega lately.
777rock made the offer to take over Dimebetting, Vega bought time.
This said 777rock stands good for players balances up to 11/7.
I don't think its bs. Dimebetting was dead meat until 777rock took them over and paid (cash) all owed players.
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Ok, maybe I misunderstood. They won't stand behind future bets, but they will make sure everyone who had balances up until yesterday is paid if they want to be? I am just trying to get a feel for it. Many people have said dimebetting was fine b/c they were backed by 777. If that can change without warning, the arrangements like this don't have much credability. |
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11-08-05, 05:04 PM
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#17
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This week 777Rock updated their software and they are using the same software as Cascade. Currently the lines are the same as Cascade but in a month you will see unique lines on occasion.
777Rock will take action from both the public and sharps. They are aggressively going into the post up market by offering 25% bonuses as well as 20% reloads. Online limits will remain the same and will be high.
They will once again be updating the software in January. They will have dynamic lines which is nice for the player.
777Rock will be a must during the baseball season as they will be offering 10 cent lines breaking at 190.
Link
Last edited by Bill Dozer; 11-09-05 at 02:09 AM..
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11-08-05, 05:45 PM
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#18
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Dozer : link my quotes . You took it down and it's MY quote
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11-08-05, 05:49 PM
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#19
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SBR Problem Poster 2007-08
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Maybe he gets annoyed when you try and plug your "site" at every available opportunity.
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11-08-05, 06:05 PM
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#20
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Taco- I get annoyed with your every post but that's not deleted.
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11-09-05, 02:27 AM
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#21
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Bill@SportsbookReview.com
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Dimebetting is a sensitive issue at this point in time but no player should now be made to feel as if their funds are solely in the hands of Mr. Vega. I'm all for second chances but not when they are based on the false pretense that John was no longer a decision maker and that Dimebetting was completely controlled by a reputable individual.
As Lakerfan said, if these affiliations are temporary they are essentially worthless. There should be some updates tomorrow.
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11-09-05, 05:08 AM
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#22
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how often do mergers like these take place?...
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11-09-05, 05:43 AM
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#23
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Dozer- I'm no longer linking SBR quotes.  |
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11-09-05, 05:58 AM
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#24
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Bill,
I understand from your words John Vega picked up my suggestion and called you.
When I had him on the phone yesterday he shared his side of the story. Regardless of what is going to happen in the coming hours/days I have to disagree with you on your attempt to seek liability in 777rock.
Dimebetting was broke when 777rock stepped to the plate. They pumped in cash and paid all players owed cash.
Dimebetting has enough in their Neteller to cover players liabilities at this time. This is why I suggested John Vega to stop taking bets until the situation clears.
This is the right thing to do. Implying that 777rock shall remain liable in a situation in which they no longer have control on how the business is being run, let alone the financial side, is dead wrong.
Dimebetting is not in the position to book bets at this time, simply because they couldn't pay should they lose.
Stop his operation until he solves his problems. This is what John Vega must do, this is what I would expect you to suggest to him as well.
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11-09-05, 06:29 AM
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#25
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Quote:
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Implying that 777rock shall remain liable in a situation in which they no longer have control on how the business is being run, let alone the financial side, is dead wrong.
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agree |
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11-09-05, 11:49 AM
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#26
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Brick House!
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Quote:
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Originally Posted by raiders72001
777Rock switched over theit software Monday to integrate with Cascade.
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lol! Gaidars couldnt wait to  |
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11-09-05, 07:32 PM
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#27
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Bill@SportsbookReview.com
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Quote:
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Originally Posted by TOW
Bill,
I understand from your words John Vega picked up my suggestion and called you.
When I had him on the phone yesterday he shared his side of the story. Regardless of what is going to happen in the coming hours/days I have to disagree with you on your attempt to seek liability in 777rock.
Dimebetting was broke when 777rock stepped to the plate. They pumped in cash and paid all players owed cash.
Dimebetting has enough in their Neteller to cover players liabilities at this time. This is why I suggested John Vega to stop taking bets until the situation clears.
This is the right thing to do. Implying that 777rock shall remain liable in a situation in which they no longer have control on how the business is being run, let alone the financial side, is dead wrong.
Dimebetting is not in the position to book bets at this time, simply because they couldn't pay should they lose.
Stop his operation until he solves his problems. This is what John Vega must do, this is what I would expect you to suggest to him as well.
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Roberto,
So what good is any "backing" if the player can wake up one day and find his money in the hands of someone else? How is that any different than the book transferring your balance to a different book?
777Rock ownership told players that they fully stand for Dimebetting and that the guy who couldn't pay was only doing website work. I'm sure current players wouldn’t still be there knowing their money could be back in his hands.
I spoke to both parties and I think this will be worked out but lets not set a precedent where books can put players in the hands of stiffs and move on. |
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11-09-05, 07:38 PM
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#28
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Obviously all Dimebetting players should withdrawal their funds immediately.
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11-09-05, 09:30 PM
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#29
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Bill,
As you are aware I spoke to both parties before you did. 777rock stands good for all balances up to 11/7, date of their withdrawal from DB.
Holding them responsible for what happens after that date is wrong, plain and simple.
This being said John Vega should NOT be accepting a single bet, since he can pay current liabilities but not pay future ones.
This is the only way to go through this transition with honesty.
Day dreaming won't help paying players. New backers or the sale of DB to 777rock will. Until then Dimebetting should not accept wagers or their players should not place a single wager.
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