Betislands' Bankruptcy

After its financial backers pulled out, sports betting website Betislands has gone to the wall with a bleak picture for owing monies to its players.

Additionally, bad management decisions and a tough run of sports events have been blamed for the company's failure after only three years in business. However, there were warning flags when the company had difficulty paying players, blaming the delays on its processor difficulties.

According to some informal accusations by punters on sports betting message boards it appeared that staff members had left Betislands and the management had behaved in a questionable manner.

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