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RichCoast Bailout?


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Old 12-27-2005, 02:28 PM   #1 (permalink)
bigboydan
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Default RichCoast Bailout?
12.27.2005 (12:29 PM CST)
SBR Bill Dozer reports: BookTheBet(SBR rating D-) owner, Tony Block, tells SBR he is "bailing out" RichCoastSports(SBR rating D). Mr. Block states that RichCoast is currently migrating to his office in Escazu and players will be informed of new wagering requirements on their balances today via email.
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Old 12-27-2005, 02:37 PM   #2 (permalink)
isetcap
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What are the primary reasons for the blacklisting of BookTheBet? Searching SBR yields few results...
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Old 12-27-2005, 02:42 PM   #3 (permalink)
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Real shitty post-xmas news. Commiserations for anyone with a balance there.

But, as ever, lessons can be learnt - even to people without RCS accounts.

1) Start-ups in ANY industry are risky. Deposit with caution.

2) Forum shills like AK and raiders who pump up a new book should be ignored - they've both been shilling for RCS.
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Old 12-27-2005, 02:54 PM   #4 (permalink)
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Quote:
2) Forum shills like AK and raiders who pump up a new book should be ignored - they've both been shilling for RCS.
Raiders72002 (number of books failed).
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Old 12-27-2005, 03:01 PM   #5 (permalink)
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I cannot comment on this issue if its true or false but promise I will have a conference regarding richcoastsports within an hour or so.
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Old 12-27-2005, 03:09 PM   #6 (permalink)
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gentlemen,

here is the info i have so far. The majority owner of richcoast sports had a heart attack and regretably has to end his involvement with the sportsbook. new owners have stepped in and taken equity positions from Mercedes.

At this time, it appears that richcoast has moved locations and will be sharing some office space with bookthebet. the ip changeovers are the reason that some people are seeing bookthebet info on the richcoast website.

at this time, there is no definite deal that tony from bookthebet will have any ownership of richcoast. However, it is a possibility, but it will be as a minority owner if it does happen.

I should have more information within the hour so stay tuned...
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Old 12-27-2005, 03:09 PM   #7 (permalink)
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AK, tell the owners of Richcoast to get in touch with me please. We might work out a deal to take them over.
Last edited by jay88 : 12-27-2005 at 03:13 PM.
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Old 12-27-2005, 03:14 PM   #8 (permalink)
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Quote:
here is the info i have so far. The majority owner of richcoast sports had a heart attack and regretably has to end his involvement with the sportsbook.
This is exactly what I was talking about in the other 3d on external backers.

This is not the correct way to do business...
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Old 12-27-2005, 03:15 PM   #9 (permalink)
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Unreal, these books going down (or best case, changing ownership overnight) like this. Now you know Jay why players live in fear of new books.
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Old 12-27-2005, 03:15 PM   #10 (permalink)
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Quote:
Originally Posted by jay88
AK, tell the owners of Richcoast to get in touch with me please. We might work out a deal to take them over.
edited you got mail
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Old 12-27-2005, 03:16 PM   #11 (permalink)
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please keep in mind here that every player has been paid without a single problem.

i have reports from players who were paid this morning....
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Old 12-27-2005, 03:18 PM   #12 (permalink)
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Both raiders and AK have RCS links on their site. Shows how much they value their players.
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Old 12-27-2005, 03:20 PM   #13 (permalink)
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AK, nothing in my email yet..
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Old 12-27-2005, 03:21 PM   #14 (permalink)
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Jay,

two gentlemen from mercedes have already taken the majority ownership of rich coast.
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Old 12-27-2005, 03:24 PM   #15 (permalink)
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Did they sign?!
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Old 12-27-2005, 03:24 PM   #16 (permalink)
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RPM give me a buzz real quick.
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Old 12-27-2005, 03:28 PM   #17 (permalink)
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Quote:
Both raiders and AK have RCS links on their site. Shows how much they value their players.
OT on

AK's website flash intro says "endorsed by SBR", I'm curious to hear Bill or John...

OT off
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Old 12-27-2005, 03:30 PM   #18 (permalink)
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Quote:
Originally Posted by pier0
OT on

AK's website flash intro says "endorsed by SBR", I'm curious to hear Bill or John...

OT off
It should mention "SBR Top Rated Books" as my tech was from sunsetsports so I have not been able to update this info.
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Old 12-27-2005, 03:31 PM   #19 (permalink)
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