18th of April 2013 Author: Glo Wood
Due to big enforcement actions against it, online sports betting operator Legendz Sports has shut down, informing players in the following email:
"Effective April 17 2013 you will no longer be able to bet with Legends Sports.
"We are in the process of negotiating to have an A rated sports book assume the [player] balances. We would like to assure you that all funds are perfectly safe and secure.
"Any unsettled bets will be honored and settled by the provider assuming your account. All customers will be receiving email instructions on how to activate accounts within the next 24-48 hours.
"We thank you for your loyalty and know that you will be in very good hands with your new provider.'
In addition, it has been reported that Legendz operating licence has been pulled by Panama regulators, which is also responsible for the shutdown.
Also, there have been speculations that Legendz players who move to the new operator would be expected to comply with a 2x play-through before being able to cash out.
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