03-07-2008: According to players feedback and to a message posted on a popular betting forum, Portlandbet (NR) is no longer trading and its financial position and list of outstanding debts owed to punters is currently being assessed by the ACT Gambling and Racing Commission.
The Australian bookmaker suspended trading at the end of 2007 and was later acquired by the former CEO of Multibet.
UPDATE 07-07-2008: A message on the Portlandbet site reads: PortlandBet has ceased trading as of 1st July 2008. We would like to thank our valued customers and assure everyone with account balances that they will be paid out and all outstanding bets honoured. We apologise for the inconvenience caused and ask for your patience in processing payouts.”
UPDATE 09-07-2008: Portlandbet told Bookmakers Review that all customers who have completed identification requirements are currently able to withdraw, while those with outstanding bets will be contacted individually with a description of how future bet payouts will be administered.Customers who have not identified themselves will be required to complete the 100 point identification process, which may consist of scans/copies of any of the following: Current Passport or Birth Certificate (70 Points), Current Drivers Licence showing current address (40 Points), Medicare/Health Card or Credit Cards (25 points), Telephone, Electricity or Gas Bill showing current address (25 Points).
Portlandbet assured BMR that payouts will be processed as quickly aspossible.
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