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Not exactly the most attractive deal in the world but WagerWeb.com is a good book and the situation could be far worse all things considered. They have informed Gambling911.com that the rollover requirement for the Legends bailout is 5 x as opposed to the previously reported 10 x. Good news for Legends customers indeed.
Following the indictments handed down against Legends Sports associates just over a week ago, that long established sportsbook was forced to shut down.
A 5 time rollover will be required in order to withdraw any balances. An example would be if someone has $500 in their account. They would have to place $5000 worth of bets before withdrawing any funds. Contact WagerWeb for details.
Here is the official notice from Legends Sports:
Dear customers,
Due to recent events surrounding Legends Sports’ gaming license being revoked in Panama, Legends has ceased accepting wagers at this time.
After careful consideration WagerWeb Sportsbook and Casino has agreed to give players from Legends a new home with their full balance intact. This is a huge undertaking, and as such we ask that players be patient and understanding as we accommodate every one of our new clients. WagerWeb will be assuming responsibility for all accounts both funded and non-funded. Wagerweb will be requiring all pass through accounts with a balance fulfill a maximum 5X (Rollover of their balance) before any funds can be withdrawn.
WagerWeb has agreed to assist Legends customers for the good of the industry, as well as the well being of all Legends customers. WagerWeb will be calling out to all Legends customers and will be providing Customer Service to ensure the transition to WagerWeb goes smoothly and without incident. Wagerweb has always been a Sportbook that caterers to the recreational player and as such will be upholding the terms and conditions WagerWeb currently has listed on the Website. All WagerWeb Terms and Conditions and/or Rules must be agreed to prior to any wager taken place. Please contact WagerWeb directly with any questions and concerns.
WagerWeb looks forward to providing you with a stable wagering environment, and outstanding Customer Service.
The US Government is attempting to seize $1 billion in monies and assets from principals of Legends Sports.
- Christopher Costigan, Gambling911.com Publisher
