Shocking situation at Pointbet Casino!

[winbig]

Anyone has any idea what should I do?

You can try to pitch a bitch:

http://www.casinomeister.com/problems.php

[Joska]

Ok, thanks, I pitched a bitch today!

[BBKPoker]

Pointbet.com doesn't even resolve for me anywhere, and just to double check that I wasn't an idiot, I ran a Google search, clicked the first three links of affiliate sites that directed to it, and none of them resolved either.

*poof*

[vinylweatherman]

Pointbet.com doesn't even resolve for me anywhere, and just to double check that I wasn't an idiot, I ran a Google search, clicked the first three links of affiliate sites that directed to it, and none of them resolved either.

*poof*

They have folded, and it's now official. This article comes near the top on Google for "pointbet".

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TOW Industry Newswire
3/17/2007
Pointbet shuts down stiffing all owed players


It's a sad morning for thousands of customers of Pointbet (www.pointbet.com, not rated) who woke up learning that the bookmaker's site is gone, together with their hopes to recover owed funds.

The troubled Asia facing bookmaker Pointbet closed down without warning. However Pointbet.com had been in a slow pay/no pay mode for months.

TheOnlinewire.com issued a warning on Pointbet on February 20 2007, after learning from one of our readers that his $20,000 withdrawal request had been on hold for close to 50 days (see issued warning here).
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[Joska]

Wow!

What can a player do in situations like this?

E.g. is it possible to start a lawsuit against the company that stole the money?

[mikepipe]

Absolutely senseless.
The only thing, a player can do is: forget about them. Go to the accredited site and look for a new place.
(ok: or stop gambling).

[vinylweatherman]

Absolutely senseless.
The only thing, a player can do is: forget about them. Go to the accredited site and look for a new place.
(ok: or stop gambling).

Casino operators should learn from this. When they take forever to solve what should be a simple cash-out issue, and find the player enraged at the delays, this is why - so often a no-pay situation indicates a more serious problem, and players naturally get worried that any casino that does not pay cash-ins in the published timescale is a potential disaster in the making. Since these failures happen without warning, players have no way of telling the difference between a genuine delay and a smokescreen for a "can't pay" situation.
I bet players were fed numerous plausible excuses in the months leading up to this, such as the "US Law", so that other players would still deposit and perhaps enable the operator to trade their way out of insolvency at no real risk to themselves, but huge risk to recent depositors.

[lojo]

Casino operators should learn from this. When they take forever to solve what should be a simple cash-out issue, and find the player enraged at the delays, this is why - so often a no-pay situation indicates a more serious problem, and players naturally get worried that any casino that does not pay cash-ins in the published timescale is a potential disaster in the making. Since these failures happen without warning, players have no way of telling the difference between a genuine delay and a smokescreen for a "can't pay" situation.
I bet players were fed numerous plausible excuses in the months leading up to this, such as the "US Law", so that other players would still deposit and perhaps enable the operator to trade their way out of insolvency at no real risk to themselves, but huge risk to recent depositors.

That's why we trust der Meister to sort this stuff out

[Joska]

New developments:

http://www.theonlinewire.com/articleView.aspx?ID=2537