666Bet admits to funding shortage

666Bet admits to funding shortage

Monday, June 1, 2015 Totally Gaming
Paul Bell has vowed to make more cash available

666Bet owner Metro Play has admitted that a lack of money has been part of its problems in refunding disgruntled customers as chairman Paul Bell vowed to make more cash available.

666Bet had its UK licence suspended in March, just days after Bell was arrested at Heathrow airport as part of a joint money-laundering investigation by HM Revenue & Customs and the National Crime Agency into a £21m (€29.2m/$31.9m) fraud probe.

After the suspension, customers immediately complained that they could not access their deposits and continued to face problems even after payment processor Skrill was employed to facilitate the withdrawals.

Metro Play initially said that the problems were legal – it could not operate without a licence – and later explained that it was struggling to cope with the huge numbers of withdrawals.

However, a new statement released by the UK Gambling Commission said that “payments are not presently being made, pending the promised additional funding needed from the owners” but that Bell, Metro Play’s chairman and major shareholder, plans to make additional monies available.

Neither the 666Bet or Metroplay websites are now available, but a Metro Play statement read: “We will be publishing a contact email on both sites from June 1 for customers to contact us with queries.

“We intend to contact those customers who have not yet had their withdrawal processed and offer an alternative payment method to Skrill (most likely a bank transfer).

“We will contact the customers as soon as the support email address becomes available which should be over the weekend and then process the withdrawals manually when the customers provide us with the relevant information.

“The Metro Play site now has a static page and all pending withdrawals have been processed.”

Bell, who is worth £400m according to the UK Daily Mail newspaper, is believed to be a shareholder in several FTSE-listed companies, but TotallyGaming.com understands he resigned as a director from no fewer than 12 companies between February and April 2015.

After being arrested at Heathrow he was released and re-arrested the following day when arriving at the Isle of Man by private jet. He was then released and not charged, with Metro Play claiming there was no link between the arrest and 666Bet.
Six other people were also detained as part of the investigation while 13 properties were raided and £1m in cash seized.

American Football

Nevada breaks sports betting record in 2018


Rhode Island sports handle hits $13m in first full month


Caesars launches SG-powered sportsbook in Pennsylvania

New York

NY Gaming Commission sets out sports betting regulations

Gaming Products & Services Directory

The essential directory for the gaming industry