• More Problems for BetOnSports and Associates

    15 August 2006

    Newspaper

    It’s been reported that shareholders of BOS are considering legal action against BOS advisors based on the fact that they (advisors) did not mention any unfavorable background on Gary Kaplan, previous owner of the company prior to the the stock offering. It’s rumored that Kaplan has left Costa Rica for parts unknown but the middle east is suspected. He was included in the indictment against BOS for, among other charges, fraud and racketeering. Apparently, the advisors, Evolution Securities and Baker Tilly, felt there was no obligation to report any Kaplan history of previous gambling offenses since he was no longer associated with the company. However, some shareholders believe this information was critical in making sound investment decisions and should have been made available.

    Mention should be made here that David Carruthers, the former CEO of Betonsports, who was arrested and held on a $1 million bond over a week ago is now counting his release in hours. It’s been reported that friends and family have raised the necessary money and arranged for housing and other stipulations as required for release on bond.

    Meanwhile, BOS was busy firing David Carruthers and 800 other employees of BOS and announced they were out of the US market. They look to Asia to bolster their coffers but Asia is comparably a much smaller market and observers don’t believe this will be the cure, or even an effective bandage for the ailing company.

    Related News

    • Epic win more than 1.600.000 in bgamings plinko

      Slot Winners

      Player Hits $1,600,000 with BGaming’s PlinkoIvan Stefanovic10 May 2022

      For one lucky punter, BGaming's Plinko game proved to be a real money-maker. During a session of stratospheric bets, the player managed to net a total of more than $1.6 million dollars. By maxing out their stake to $1,000 per ball drop, the player was able to rack up an astronomical win. And while 2,500 ball drops may sound like a lot, it pales in comparison to the thrill and excitement of seeing all that cash come rolling in.

      Read full article
    • Swiss gaming board gives gameart a license for 5 slots

      Gambling News

      Swiss Gaming Board Gives GameArt a License for 5 SlotsIvan Stefanovic18 January 2022

      The Swiss Federal Gaming Board, Eidgenössische Spielbankenkommission, has recently certified five of GameArt’s online slot games for the Swiss market. Some of the best-performing games at GameArt have received certification, including Lucky Coins, Money Farm 2, Nefertiti's Nile, Rosh Immortality Cube Megaways, and Royal Gems. The number of GameArt slots certified for the Swiss market has grown to 25 as a result of this development.

      Read full article
    • Microgaming kicks off 2022 with exciting online casino games %281%29

      New Online Slots

      Microgaming Kicks Off 2022 with Exciting Online Casino GamesIvan Stefanovic06 January 2022

      Microgaming, a leading online casino provider, has announced exciting content in January! The first part of the month is reserved for slots such as The Bandit and the Baron, King Carrot, Buffalo Ways, Bank Vault, and Dr. Wildshock Mad Loot Lab. What Titles We Can Expect in the First Half

      Read full article