BetED.com Takeover Possible

Written by :

C Costigan

Published on :

7 June, 2011

Kudos to both SBRForum.com and Covers.com for at least working to find a solid company to potentially take over accounts of now defunct BetED.com. That organization was forced to shut down after US law enforcement seized several of the online betting company’s accounts. US authorities out of Baltimore snagged BetED in a sting operation that commenced nearly two years ago.

Covers.com seems to be working more closely with the folks from BetED (for whom they had a tight advertising partnership with) in arranging a “bailout” package for customers that is not likely to include any type of rollover requirements. A yet-to-be-named solid online gambling site is looking to take over the accounts.

Gambling911.com will continue to monitor this situation closely in the coming days.

Any updates will be posted on our Twitter page here.

- Chris Costigan, Gambling911.com Publisher

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