Ascot Sports launches relief plan for Pointbet victims

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Isle of Man licensed sports book Ascot Sports announced today the launch of a relief plan tailored to assist victims of failed Pointbet sports book.

Thousands of punters were affected by the sudden shut down of Pointbet.com which closed doors owing its customers in excess of $4,5 million.

Ascot Sports is an Isle of Man licensed sports betting operation which primarily caters the Asian and European market. The online sports betting operation belongs to multi-billionaire Mr. Tan Sri Dato' Seri Vincent Tan who’s also the Chairman of Berjaya Group Limited. (www.berjayagroup.com)

The Malaysian Tycoon incorporated Ascot Sports in 2005. Ascot Sports has been granted a Bookmaker's Permit and Open Betting Office License under the Gaming, Betting and Lotteries Act 1988 by the Isle of Man Gambling Commissioners. Ascot Sports betting operations is therefore, subject to the direction and control of the Gambling Commission.

The relief plans works as follows:

Pointbet customers must have their Pointbet balance validated before becoming eligible for the relief plan.

Once balances are validated punters will become eligible for 1% weekly cash back on their wagering volume up to the amount of their Pointbet's approved balance.

By example: Punter John Smith is owed Gbp 100 from Pointbet. His balance is approved by successfully completing the validation process set forth.

John Smith then opens a wagering account with Ascot Sports. His initial deposit is eligible for all current bonus policies. Every week his Ascot Sports betting account will be credited a cash back bonus of 1% of his wagering volume up to Gbp 100.

Punters who wish to gather more information on the Isle of Man Betting Licenses may visit http://www.gov.im/gambling/licensees/.

Punters who wish to enquire about this relief plan or wish to be assisted with their Pointbet balances may contact The Online wire.com via [e-mail]. PLEASE NOTE: we have a spam filter in place with this email address. You will receive a verification email within 5 minutes after sending your email to us. Please follow the instructions contained in the validation email to complete the process.

Pointbet U.S. players are not eligible for this offer.