666Bet liquidators aim to evaluate debts by end of month

666Bet liquidators aim to evaluate debts by end of month

Monday, July 13, 2015 Totally Gaming
Metro Play, owner of 666Bet, has been compulsorily wound up

666Bet’s liquidators are hoping to conclude how much is owed to customers and creditors by the end of this month.

David Standish of KPMG UK and Linda Johnson of KPMG Channel Islands were appointed Joint Liquidators of Metro Play Limited – the company that owns online gaming operator 666Bet – after it was compulsorily wound up following an Order of the Court of Alderney earlier this month.

The liquidators have encouraged those owed monies to contact them, with one customer who has already been in touch with KPMG telling TotallyGaming.com that he is still owed £4,300 (€6,047/$6,690) by the company.

“The joint administrators are currently working hard to ascertain the amount of money still owed to customers and creditors, and are hoping to have a clearer picture on this by the end of the month," a KPMG spokesperson said. “We would like to stress that it’s really important that any customer who believes they are owed money should contact the joint administrators as soon as possible.”

In a statement issued on his appointment, Standish said: “We are working closely with the relevant gaming authorities both in the UK and the Channel Islands as we conduct our preliminary investigations. Our priorities are to secure client monies, collate and examine the company’s books and records, and determine any further lines of enquiry.”

Metro Play had its UK and Alderney gaming licences suspended in March following the arrest of director Paul Bell as part of a £21m money laundering and VAT fraud investigation.

Despite a series of delays, including an incorrect initial claim by Metro Play that it was not allowed to return funds due to not having a licence to operate, customers having always been told they would get their money back.

Last month Metro Play said that funds would be made available to customers who had requested withdrawals. The UKGC said the spokesman had claimed that “whilst the company that provided administration and marketing services to Metro Play and 666Bet has gone into liquidation, he was not aware of any insolvency action being taken against Metro Play”.

UKGC says that it is unsure whether Metro Play’s liquidation will have any effect on the process of repaying customers.

666Bet was launched in a blaze of publicity just last year, with former football manager Harry Redknapp and actor Vas Blackwood appearing in its television commercials.

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