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At Betchance is business as normal according to the LGA |
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While a couple of players received 30% of their balances after signing a contract with Betchance giving up their legal rights to obtain the full balance in the future, and just as feedback from players who are owed money by Wauwbet and can't receive an answer from the LGA starts to pile in, the chief executive of the Lotteries and Gaming Authority, Mario Galea, recently rumoured to be stepping down from his position, indirectly answered my question about why Betchance is still allowed to operate. At the recent European iGaming Conference in Barcelona, Galea told some industry operators worried about news that several Maltese bookmakers were in financial distress, that stories on internet sites like Bookmakers Review are all lies and that at Betchance is business as normal, with payments to players being made correctly. Furthermore, according to Galea, there is an international police investigation into players accused to have defrauded Betchance. Then earlier this week, an employee of a popular Maltese bookmaker, who on my behalf tried to get an answer about why Betchance is still allowed to operate, was told by Mr Galea the same story about players being investigated for defrauding Betchance. Galea also invited this person to stick to what he knew if he wanted to last in the gambling industry. At this point, I really suggest players to stay away from all Malta bookmakers rated less than 4. Date published: 04 October 2008 Related rating updates |
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