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Long established, and once highly reputable, Jazz Sports appears again to be treading water.
The company, which was acquired in late 2024 by a former principal in BetOnSports, is no stranger to concerns over solvency in recent years.
A number of professional players were denied their payouts and shut out of their accounts at the time of the acquisition.
The new owners told Gambling911 that these players were part of a sheet not disclosed to them by the long time owner and founder, a gentleman we will call "Mike".
At the time, Mike reached out to Gambling911 insisting he wanted to stay on board and make things right with these players but the new owners would end up kicking him to the curb.
Sources close to Gambling911 reveal that a gentleman by the name of " Lou" (owner/manager) has reportedly left the country, and they, have let go of most employees, keeping only a small crew to get through this weekend.
Some good news perhaps is that our source is hearing the Pay Per Head business will be taken over by someone reputable within the industry while another reputable big name company in the biz will assume the post up side.
Sadly, while unconfirmed, so-called "sharp" player accounts may not be transferred.
Square players could have a large rollover requirement added onto their balances.
In other words, the future may involve more of a bailout than an outright purchase.
Gambling911.com will continue to monitor this situation closely as more information comes in.
- Chris Costigan, Gambling911.com Publisher
