BETDAQ...auf wiederschnitzel mein freund...

[Quo]

The following Email was sent out today by BETDAQ to residents of The Low Countries BeNeLux:

If any other countries are affected aswell, please report here, looks like The Purple One is leaving the Old Continent?

Is it a 'retreat and attack operation' or just fed up with EU's regulations.

Dear Jimmy Bo Horne,

Your current balance is : 25456665*

*This balance is correct at 00:01 on 28/11/2012 but does not reflect transactions made after that time.

You are receiving this email because your BETDAQ account is registered from a country in which BETDAQ has taken the decision to withdraw service. You will be able to login to the website, close out any open positions and withdraw your balance until 08:30 (GMT) on Monday 03/12/2012. After this time you will not be able to login to the website and you will need to contact our customer service department to withdraw any remaining balances. Any bets that have been placed and are not yet settled will remain open until settlement at which point any further balances will be returned to you.

We apologise for any inconvenience that this decision may cause you and wish to take this opportunity to thank you for your custom.

If you have recently moved to a country where BETDAQ continues to provide services you can update your account details by contacting a customer services agent who can update and verify your new address for you. The full list of countries from where we operate can be found on the registration page of our website.

Please send any correspondence relating to this message to the following email address:

Information@betdaq.com

Yours sincerely,

The BETDAQ Customer Services Team

[custard]

Is it a 'retreat and attack operation' or just fed up with EU's regulations.

There has always been some resentment towards Europe for policies which many felt were unfair and sometimes silly. Nevertheless, people in the UK tolerated Europe.

There has been a dramatic change in popular opinion in the UK during the last two years and this, I believe, is due in part to the current world economic climate. More and more people are turning against Europe and the number of people who want to leave the EEU is increasing quickly. I never thought it would be possible for the UK to leave Europe but it is now a distinct possibility.

The European Court of Justice wants prisoners to have the right to vote. The people of the UK will never allow that to happen. This is just one example where the UK will not comply with European directives.

There has been large scale immigration into the UK and this is a source of great resentment.

The UK Independence party, UKIP, is becoming very popular. It isn't a racist party and its stated aims are to remove the UK from Europe for the benefit of all living in the UK and this includes the immigrants. They had their best election results ever yesterday.

I'm not saying that what is happening is a good thing. I have no doubt that the UK is becoming more anti-Europe every day.

Given the change of mood in the country, it isn't surprising that some businesses are also changing their attitudes.

I'm quite sad about the way my country is changing but I can't do anything to change what will happen in future.

So, I'm not surprised by Betdaq's actions.

[Nikol]

Yeah Its the same with Scotland and the UK. A lot of people in Scotland doesn't want to be under the crown anymore and its growing. There will be a referendum in 2014 and we may see something that a lot of generations haven't seen befpre...

[The Geek]

This is only a guess, but Betdaq have been making a lot of commercial changes recently, which does suggest that Ladbrokes may be buying them after all.

[doubleback]

Today, I received the following email from Betdaq;

Dear Berty Bobblehat,

As a valued member of BETDAQ, we are writing to inform you of upcoming changes to the terms and conditions of our service provision. Your use of the BETDAQ website and your experience of the products and services we provide should not change in any way as a result of these changes.

As set out in our current terms and conditions the BETDAQ exchange services comprising the betting exchange, multiples and 1Bet are made available to you by Global Betting Exchange, an Irish company, licensed by the UK Gambling Commission (UKGC), while the games products are made available by Global Betting Exchange Alderney Limited (GBEA Ltd), licensed by the Alderney Gambling Control Commission (AGCC).

We are writing to inform you that as of December 3rd all of the services provided on the BETDAQ website will be made available by GBEA Ltd and will be entirely governed by the AGCC. Here is a link to their website. We are making this change as part of an exercise to bring all the websites, products and services we provide under a single structure.

The terms and conditions relating to the services we provide from December 3rd can be found here. Your continued use of the BETDAQ website from that date is conditional on accepting these terms and conditions and by continuing to use the BETDAQ website and services from December 3rd you will be deemed to have accepted these new terms and conditions.

If you have any concerns or questions, please as always do not hesitate to get in touch with our customer services team.

We wish to take this opportunity to thank you for your valued custom at BETDAQ.

[Nikol]

This is only a guess, but Betdaq have been making a lot of commercial changes recently, which does suggest that Ladbrokes may be buying them after all.

This can only be good for us... Betdaq can make a lot of competition to Betfair if they get some money behind their backs...

[Traderos]

The same situation, the same message to users from Poland. Bye bye BQ.

[Nishiz]

Australian accounts closed down also.

[pmcpi]

Well, here in Portugal they've notified about their changes, and we are still eligible to bet. I'm puzzled about the lack of information regarding this subject. The clients were notified, but I can't find a public announcement whatsoever.

Cheers,
Pedro

[westerner]

Geek - from your point of view would a Ladbrokes buy-out be a good thing?

Although liquidity on Betdaq is still a big issue in the cricket markets I'm not sure Ladbrokes getting involved is the answer.

Sometimes it's better the devil you know?!?

[The Geek]

Geek - from your point of view would a Ladbrokes buy-out be a good thing?

Anything that gives a viable alternative to Betfair can only be good for consumers.

[custard]

Everything is going to depend on the Budget statement which is due to be made on December 5. There has been a lot of activity and I believe that the bookmakers/exchanges will act quickly when they know what their tax liability is going to be.

Their present offshore arrangements could be obliterated if a "point of service" tax was to be introduced. I think this is the reason behind the ditching of some countries as the exchanges seek to rationalise their operations.

If there is radical change, it is possible that Betfair commission rates would increase to over 6% so as to make the trader pay for the increased Corporation Tax bill. Naturally, the Premium Charge would also be increased.

The UK Government are on a sure winner here. The vast majority of the general public will not be concerned about the effective imposition of a betting tax.

What I find puzzling, however, is how High Street bookmakers are going to react. They will not be allowed to impose a sort of direct betting tax themselves, so, where will the money come from to enable them to pay their increased tax bills ?

The more I think about it the more sensible it would seem to be for Ladbroke's to diversify and enter the betting exchange industry. Their extra tax bills would be funded by the commission they charge on their exchange. The logical conclusion is that Betdaq would no longer be a low commission exchange if they were taken over by Ladbrokes.

So, please brace yourselves for commission rates of 6% ( and 7.5 % if the government should feel a little greedy )

[Nikol]

Increasing the commission ok? But do you really think that they can increase the premium charge as well? Isn't it high enough ?? - After all they increased the commissions in australia, but they didn't increase the premium charge - they created a whole new charge, but this tax if for layers only and its based on the another way of charge in Australia. So I can see why they may increase the commission but can't see a reason why would they increase the PC? Or at least I hope so.

[Nikol]

I mean Backers, not layers.

[polatiko]

I live in Turkey and have received same email from BETDAQ.

Betfair is forbidden for us and now BETDAQ too.

I registered on MATCHBOOK which rest only one in our hands, yesterday