THE TRUTH ABOUT BODOG
written August 27, 2008 by The Shrink
EOG has learned that an article about Bodog that appeared in Forbes magazine may not have been entirely accurate. It contained several mistakes that the Morris Mohawk Gaming Group felt compelled to clarify for their customers.
Most of Bodog customers already know the following:
1: All operators outsource payment processing functions to third parties and these payment processors are subject to regulatory constraints wherever they operate.
2: Occasionally in the US, they are subject to legal action because of the uncertain legal environment.
However, the seizure of funds from these US payment processors was mischaracterized in this article, which refers to two specific legal cases against US processors. Right or wrong, the article does not make a clear distinction between these cases, which, as a result, paints a misleading picture.
The facts are these: the first of these cases – relating to a seizure of funds from a processor known as JBL Services – happened a long time ago and has absolutely nothing to do with the current payment processing challenges being experienced in the US. The constraints being experienced by payment processors in the US are universal in that region and not specific to any particular processor or site.
Also, it is imperative to note not one single player failed to get paid when this processor was disrupted.
The second case refers to a payment processor known as Zippayments.com and seizure of funds from this processor’s bank accounts in Nevada. The article falsely implies – but notably does not go so far as to state - that $9.9M seized from Zippayment’s Nevada bank accounts were funds on account for “Bodog”.
This is simply not true.
Processing partners with whom the Morris Mohawk Gaming Group does business are sophisticated organizations that are perfectly clear as to the actual facts of these cases and their contexts. They are unfazed by such media hype and Morris Mohawk wishes to ensure that its customers are similarly informed. Customer deposits are safe and every player has and will always be paid.
--------Response to Layoffs--------
Bodog itself has not seen any layoffs. The rumors persisting about layoffs at Bodog have actually taken place with a firm that provides some software and marketing support, but we are confident their service levels to us have not been, and will not be, affected.
Morris Mohawk did release a small number of people in response to increased automation in certain services and an updated forecast on volumes for the coming football season. The rumors persisting about layoffs at MMGG have actually taken place with a firm that provides some software and marketing support, but we are confident their service levels to us have not been, and will not be, affected.
EOG'S conclusion:
Bodog has been a pivotal sponsor on a prominent site known for writing National Enquirer style columns. It's founder used to work for me and he is a gifted writer. However, shortly after Bodog decided not to renew their advertising contract with him, he wrote a rather scathing article about this topic. This is not the first time this bullying tactic has been launched and we do not condone this behavior.
We believe Bodog customers have nothing to worry about as far as receiving payout's and that's the bottom line. As a gambler, I'd bet a lot of coin that Bodog will be around longer than this other entity. In fact,they already have.
I feel very confident endorsing Bodog as I just returned this week from Antigua where Bodog is located. It is fiscally responsible to make some adjustments in the current climate and that's exactly what I see Bodog doing.
If anyone has any other questions about either of these topics in this column, please don't hesitate to contact me at:
[email protected]
Thanks,
Ken Weitzner[/quote]
just an FYI
I've been paid out by bodog
it just takes 2 months
I have another payout I'm waiting on
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