Victor Chandler and World Games Inc.??

[jyde]

World Games Inc (WGI) is one of the big pyramid schemes. Rumours on the WGI-messageboards are that they've whitelabelled a Victor Chandler sportsbook. Haven't been able to find anything anywhere to confirm this (ok - I don't trust anything coming from WGI ).


The WGI-members have BIG expectations to the business opportunity in this deal - can't see why though They don't have any external customers, only members losing money to each other and to the founders of WGI. Every cent won in the WGI casino and sportsbook was lost from another WGI-member

[Black21Jack]

World Games Inc (WGI) is one of the big pyramid schemes. Rumours on the WGI-messageboards are that they've whitelabelled a Victor Chandler sportsbook. Haven't been able to find anything anywhere to confirm this (ok - I don't trust anything coming from WGI ).


The WGI-members have BIG expectations to the business opportunity in this deal - can't see why though They don't have any external customers, only members losing money to each other and to the founders of WGI. Every cent won in the WGI casino and sportsbook was lost from another WGI-member

World Games Inc. is a very good, and profitable business opportunity. I including many other people have made a lot of money in their stock market. People who put $1000.00 in at the start of the stock and bought 1000 shares at 1.00 have cashed out $450,000 as of the last split. members who play the casino and win will leave the casino with the winnings and deposit money being instantly withdrawan to their account available to transfer to their Visa debit card that is provided when signing up The company is growing at a tremendous rate and they are making sure that everything they do is in accordance with gaming laws in the countries they are operating in, this is why they have not launched in the U.S. yet. What do you base your information on? WGI is not a pyramid, it uses MLM to distribute their product which is a variety of casino games, lottery products and soon to be introduced sportsbook, as well as a stock market game. You can join and play the casino, lottery and stock market without ever having to participate in the MLM aspect. The company will be introducing a premium player membership in July which will open the casino to the general public for free just like every other online casino, not just paid business members and will allow all players to get a pay2 Visa electron card where all winnings will be cashed out to instantly, and can be used at any atm in the world. The new premium players will be able to play the casino, sportsbook when launched, peer to peer betting, various lotteries, and I think they will be able to play the stock market game and purchase virtual shares. They will also have the option to upgrade to a paid business membership if they want to start making money by recruiting new members and Premium Players. The company is expecting an upcoming IPO onto the UK stock market where anyone in the world will be able to buy shares in the company, as well as being in the works to open a land based casino in the UK. New products are being introduced all the time and the latest news is the introduction of an online auction site that will compete with EBay. No one who has joined World Games Inc. has lost money, except maybe in the casino. There is a weekly Sweepstakes8 draw where one member wins upwards of 70000euro. Yes I am a member, and no I am not selling the company here, and trying to recruit new members nor will you see a link to my member page included here. I simply am responding to your baseless acusations and false information. Do some more research please and maybe contact the company to see what they have to say support@worldgamesinc.com, as well as members of the business before you spread lies and rumours.

Thank you

[spearmaster]

WGI is not a pyramid, it uses MLM

MLM, or Multi Level Marketing, is the equivalent of a pyramid. The difference between MLM and a pyramid scheme is that, with proper MLM, members actually get real product with value - ie. Nu Skin, Amway. Pyramids generally market time-shares in condos (you don't own the condo) and services (which of course you can't own).

Since you don't get to own a casino or any other product, WGI is definitely a pyramid.

[GrandMaster]

If only members can play, than jyde's statement "Every cent won in the WGI casino and sportsbook was lost from another WGI-member" has to be true by definition. As a consequence, it cannot be profitable for everyone.

[jyde]

If only members can play, than jyde's statement "Every cent won in the WGI casino and sportsbook was lost from another WGI-member" has to be true by definition. As a consequence, it cannot be profitable for everyone.

It is true. After collecting money for 2½ years they opened WGI casino last summer (Chartwell software). This summer, after 3½ years they will have their first real customer and launches a sportsbook. Don't know if MLM would work for promoting onlinegambling. I doubt it.

Members has paid 200-300 millions USD into WGI (not counting "investments" in the stock market game). If they really wanted a casino and sportsbook 1 million USD would have taken them a long way - and it would have been online 2½ years ago. And they would have chosen something different for the casino than Chartwell

WGI is characterized by a lot of promises and little action. Sportsbetting has been "close" for years, but it's sooooo complicated - and they end up with a whitelabel

They "plan" on taking the company (or part of) public on London Stock Exchange. It was supposed to happen in 2002, 2003 and 2004.... and yet they have to release their first financial report. NO financial information whatsoever is released to members. Just unsubstantiated claims about 10000 m2 officespace in London (Mayfair) and 300 employees. Don't know what they're doing - probable maintaining the the software that controls the pyramid.

[Black21Jack]

It is true. After collecting money for 2½ years they opened WGI casino last summer (Chartwell software). This summer, after 3½ years they will have their first real customer and launches a sportsbook. Don't know if MLM would work for promoting onlinegambling. I doubt it.

Members has paid 200-300 millions USD into WGI (not counting "investments" in the stock market game). If they really wanted a casino and sportsbook 1 million USD would have taken them a long way - and it would have been online 2½ years ago. And they would have chosen something different for the casino than Chartwell

WGI is characterized by a lot of promises and little action. Sportsbetting has been "close" for years, but it's sooooo complicated - and they end up with a whitelabel

They "plan" on taking the company (or part of) public on London Stock Exchange. It was supposed to happen in 2002, 2003 and 2004.... and yet they have to release their first financial report. NO financial information whatsoever is released to members. Just unsubstantiated claims about 10000 m2 officespace in London (Mayfair) and 300 employees. Don't know what they're doing - probable maintaining the the software that controls the pyramid.

Well during the 2 1/2 years you say they were "collecting money" their main product was the SMG (Stock Market Game) and the weekly lottery, where a lot of people made a lot of money from the stock splitting at 30 and then again last Dec at 15. I just wish I was in when they first started and secured some of the shares then, but I still did alright with the SMG. The MLM aspect will have nothing to do with the new Premium Players memberships or as you called them "real customers" Basically WGI has over 400,000 casino affiliates in their membership base who will market the casino and advertise, all while getting paid for every casino player they get to deposit. How is this different than the casino affiliate programs that everyone here is involved in? There is no need to join as a member, if you want to play the WGI casino you sign up for free and play just like every other casino online. All these new products were discussed in the recent Leaders Forum in SIngapore and have sheduled release dates.

[spearmaster]

Trust me, they do not have 400K affiliates. Based on the amount of activity I see from affiliates trying to use my forums to reach new people, I'd have to say they might have 1000 affiliates tops.

If you honestly believe that they have 400K affiliates... with all due respect I think you should take a much closer look at WGI.

[jyde]

400000 affiliates?? A LOT of people sharing 40% of the profit from the casino. You're lucky if you can buy a beer with your commision. Especially since VERY few of the 400000 members are active members. A quick calculation on the S8 pools indicates that around 5% of the members buy lottery tickets.

This is the best part btw. Before you get paid for the members you recruit, you have to buy a lottery ticket every week

For 2½ years SMG was the main product? Interesting - since you can hardly find a better example of a pyramid scheme.

There is no need to join as a member, if you want to play the WGI casino you sign up for free and play just like every other casino online

You can't now - right? And before this happens 3½ years will have passed.

[Black21Jack]

Trust me, they do not have 400K affiliates. Based on the amount of activity I see from affiliates trying to use my forums to reach new people, I'd have to say they might have 1000 affiliates tops.

If you honestly believe that they have 400K affiliates... with all due respect I think you should take a much closer look at WGI.

Buddy, you have got no clue and this post has convinced me that you people are so uneducated and know absolutely nothing about the company. I am in Toronto Canada and there are over 10000 members in just my area alone (Toronto and surrounding cities) yes I have met, and seen them at our meetings. I currently have 105,000 members subscribed to our newsletter. My good friend here in Toronto has an international downline with 5000 people in it that I have seen. That is not including how many thousands are all over Europe, Asia, and the rest of Canada alone. When I say 400,000 affiliates I mean 400,000 paid members who will now have the opportunity to promote the casino to the public just like you all do with the casino affiliate programs you are involved in. Is there a lot of inactives, yes but that is inactivity in regards to recruitment of members for their downlines. There are hundreds of members who join just for the SMG and nothing else. I have investorss in my downline who want nothing to do with MLM, but they wanted to join to make an investment in the SMG stocks, so they would be considered inactive. As far as the S8 is concerned, the main problem with that was the fact that the tickets were once 10CHF (Swiss Franc) now with the conversion to Euro, I including many others took a major increase in ticket price due to the conversion of 10 Euro from our home currency. We have voiced our opinions and they listened, and will now offer the tickets at 5 Euro which will increase participation in the S8, and we will soon see participation back to the same levels as before. I dont see how you get an affiliate number from how many people use your boards to recruit. If you mean that there is little activity, that proves nothing. Most recruiting is done on the home front with members of the community. It is also not worth it to advertise on the net since the major market, the USA is not released yet. Get a clue, I can have over 100000 members email you. 1000 members tops, that is hilarious. this ends my participation in this topic as you people have clearly not done enough research on the company, and I have no interest in trying to convince you of the legitimacy of the program.

[spearmaster]

Let me put it another way.

I have more experience in this industry than most - by a long, long shot. I also come from a background of marketing in many disciplines, including MLM.

400,000 members is not the same thing as 400,000 affiliates - I don't care what you think. An affiliate is considered to be actively marketing a product, not just signing up. You chose the wrong words and you want to make it look as if I am wrong?

I didn't say 1000 members - of course that is ridiculous. I said 1000 affiliates - so please correct your statement.