Australian Gambling – A global online betting firm, which is believed to owe Australian customers in excess of a million dollars, has shut up shop and “can’t be contacted”. Gamblers from Australia, UK, India, Eastern Europe and Canada have been unable to access thousands of dollars in winnings since late last year. The company in question, Canbet, said in December the issue was due to a computer glitch and promised to pay customers as soon as it could. But angry punters, with over $20,000 owed to them, have contacted AustralianGambling with complaints about the company, which is licenced with the…

Calvin Ayre – Beleaguered UK-licensed online bookmaker Canbet appears to be finally doing what many have suspected all along. it’s in deep financial trouble, and in an effort to repay its outstanding debts , Melbourne-based Interactive Gaming and Sports Group (IGSG), which owns Canbet, is ready to sell the troubled sportsbook. This is the first time Canbet has hinted on problems within the company that are deeper than IT glitches. If you recall, the sportsbook had been using the “IT glitch” excuse as the reason why it hasn’t been able to pay out on any of its customers in the…