While we received confirmation that a good 80 per cent of the...

While we received confirmation that a good 80 per cent of the over 20 players who submitted slow-pay complaints in the last four weeks have now received their payments, Bookmakers Review remains very concerned about the future of Premierbet as it appears the company didn't clear its backlog in chronological order but rather decided to pay first the players owed smaller amounts (3 figures and low 4 figures).
An Italian player who submitted a request for EUR 7,600 on June 30 is still waiting like another player who asked for EUR 2,700 at the beginning of July.
Premierbet's parent company Interactive Gaming Holdings recently arranged a new £150,000 credit facility and raised a further £250,000 after General Capital Venture Finance exercised 10 million warrants at 2.5p a share. But Chairman Thomas Taule seems more concerned about laying the responsability of Premierbet's problems on external factors such lack of football in the summer (who may have thought that?) rather than providing meaningful answers to his customers.

Date published: 14 August 2007


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