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Codeta Financial Issues

Discussion in 'Online Casinos' started by Nicola, Sep 21, 2018.

    Sep 21, 2018
  1. Nicola

    Nicola Casino Affiliate MM mm1 webmeister

    Occupation:
    Web Developer
    Location:
    Green Park, London
    A heads up to anyone who plays at Codeta or is an affiliate there. Yesterday I was given some concerning information from a friend - which I have passed on to @Casinomeister as I don't want to share publicly - that they may be suffering serious financial issues.

    The situation may only be temporary as they have taken three convertible financial loans before but would advise anyone to withdraw monies as soon as possible.

    I've passed on this information to the UK Gambling Commission as well :)
     
  2. Sep 21, 2018
  3. Mouche12

    Mouche12 Kitty Lover PABnononaccred PABnonaccred PABnoaccred

    Occupation:
    Translator and facilities manager
    Location:
    Amsterdam
    They seemed such a promising casino. BTW, they had already closed their doors to Dutch players a while back.
     
  4. Sep 22, 2018
  5. colinsunderland

    colinsunderland Experienced Member MM webmeister

    Occupation:
    affiliate
    Location:
    uk
    I actually thought this was common knowledge :eek:

    Staff were told over a week ago there was no money to pay them apparently, and for any affiliates who work through Ihre they are part of them too.

    Why are you still promoting them when there is such a question mark over them Nicola?
     
    dunover and Playford7 like this.
  6. Sep 22, 2018
  7. smart_croatia

    smart_croatia Full Member

    Occupation:
    sales supervisor
    Location:
    Croatia
    mybet casino also is rip

    "Background information: The mybet Holding SE, ANYBET GmbH and SWS Service GmbH have filed for insolvency on the 17th of August 2018. " from site
     
    dunover likes this.
  8. Sep 22, 2018
  9. Nicola

    Nicola Casino Affiliate MM mm1 webmeister

    Occupation:
    Web Developer
    Location:
    Green Park, London
    Link was removed and warning issued on Twitter a few days ago. On Friday (yesterday) I had a chat with UKGC and they had no idea whatsoever so they are chasing it up as a matter of urgency.

    Codeta is actually the third EveryMatrix brand that cannot afford to pay me as an affiliate the moment. If you're not aware, Fantasino had a "big winner" many months ago and they suspended all payments until they could get the money!

    Things are messy at the moment and can see many more operators closing very soon.
     
  10. Sep 22, 2018
  11. brianmon

    brianmon Meister Member webby mm4

    Location:
    uk
    Is one of those other EM brands Casino Wishes?
    They have not been operating for months now. You may want to remove their link.
    This appeared not long after they opened.

    Codeta Financial Issues: 0341.jpg,Sep 22, 2018
     
  12. Sep 22, 2018
  13. Jono777

    Jono777 Meister Member CAG mm4 mm1

    Occupation:
    Self- Employeed
    Location:
    Wolverhampton
    Whats happening to the minute with Fantasino please Nicola?

    I thought they were a pretty new casino (2018 at least) and seemed to be quite professionally run.

    I did venture there from time to time, although reading this and thinking about it now, their twice weekly SMS offers have not come my way for a couple of months now, possibly related, maybe not ??
     
  14. Sep 22, 2018
  15. Nicola

    Nicola Casino Affiliate MM mm1 webmeister

    Occupation:
    Web Developer
    Location:
    Green Park, London
    Thanks, forgot about them - that makes four EM then! They said it was a temporary closure but three months on I don't think they are coming back! Yet again, they opened with a OTT welcome offer and suffered abuse.

    Small withdrawals (under £1k) go through normally but anything bigger takes a little longer and you may have to agree to monthly payments. Support is 24/7 and they do a great job.

    You've probably seen from the last few new EM casinos, they have maximum bonus cashouts of £300 or £500. Not so great for bonus hunters but stops the abuse.
     
    Mouche12 and Jono777 like this.
  16. Sep 22, 2018
  17. dunover

    dunover Unofficial T&C's Editor Staff Member CAG PABnononaccred PABnonaccred PABinit mm3 webmeister

    Occupation:
    International Money Launderer
    Location:
    the bus shelter, opposite GCHQ Benhall

    They supposedly had a big winner months ago, and the consequences are still being felt now apparently. The sent us affies an e-mail, but I'm sceptical as most casinos have a monthly limit, or big win limit anyway. So essentially they are operating on a shoestring.

    FTR BigBoy affs. haven't paid me since June and are 2 months behind, Sunbets have now closed the aff interfaces and settled final payments.
     
    Mouche12 and Jono777 like this.
  18. Sep 24, 2018
  19. Biti

    Biti Experienced Member webmeister

    Occupation:
    Affiliate
    Location:
    Panama-City
    My Bet took convertible loans too before they folded.

    Codeta was a bad idea from the start. A live casino niche casino would work, but not with a poor white label like EM. You should have your own tables with more choices than other casinos are offering.
     
    Mouche12 and Nicola like this.
  20. Sep 25, 2018
  21. Nicola

    Nicola Casino Affiliate MM mm1 webmeister

    Occupation:
    Web Developer
    Location:
    Green Park, London
    A great team behind Codeta, met them early on when they had just started. I agree that was their downfall. Basically added every live table from multiple providers but nothing exclusive or different from any other site in the end.

    Feel sorry for the guys :(
     
    Mouche12 likes this.
  22. Sep 25, 2018
  23. homerbert

    homerbert I-Gaming Industry Representative webby

    Occupation:
    nothing :)
    Location:
    middle of Europe!
    deleted
     
  24. Oct 31, 2018
  25. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    Yep - seems to be financial issues - they are no longer listed in the Accredited Section - Grey Zone for now:
    Codeta Casino Review
     
    Nicola likes this.

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