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That online sports book with the stupid name has finally bit the dust....just like a few of the banks in the US.
LazerWager (beam me up Scotty) is no more. As if they ever stood a chance to begin with. Gambling911.com reported earlier this year on how they continued to offer the dumbest PR stunts on the Net while slow paying most of their players.
The company did little marketing outside of popular sports betting forums, many of whose members are seething that they won't see any of their money.
Here is the notice sent out by those fine folks at LazerWager who - by the way - will be opening under a new name shortly.
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On Sept 21st 2008, Lazerwager.com regrettably announces that it will no longer be in operation. While every effort was made to continue operations for a second football season, LazerWager was recently informed by their remaining processor that their assets have been frozen and the processing company will no longer be handling any banking transactions.
LazerWager management has been trying to work through these issues, however, several advertisers, affiliates, and other vendors have expressed concern over LazerWager's ability to service players' accounts due to the processing issues that have recently plagued the industry.
The combined losses of assets, the ability to process payouts and deposits, and advertising and affiliate relationships have presented too great a challenge for LazerWager to overcome during the football season. While several better established sportsbooks affected by these banking issues have been able to cope with these obstacles, LazerWager does not have the means to continue to be competitive within the industry due to the loss of these business relationships.
LazerWager apologizes to its vendors, advertisers, and most importantly, its players, who will be receiving an email regarding the status of their account. In order for this matter to be handled in the most efficient way possible, please direct any other questions or inquires via email to CS@Lazerwager.com. Be sure to include your name and account number.
Sincerely,
The LazerWager Management Team
