Another Sports Site that should be off your preferred list

[2Tone]

(Registration required)

Posted: 15/11/2004

Sporting Options goes under as storm brews

Sporting Options, the UK-based betting exchange firm, has entered into administration with rumours circulating of a scandal ready to break over the use of money in customer accounts.
All betting activity on the site has been suspended, but industry insiders suggest there could potentially be a huge financial black hole at the firm.

And sources have revealed to eGaming Review that the firm may have been trading using funds allocated to customer accounts.

Menzies Corporate Restructuring were appointed as administrators to Sporting Options on 15 November.

And shortly before the site entered into administration it was thrown out of the betting exchange industry’s trade association BETA for breaking its code of practice.