Distressed BetButler stops trading ahead of potential sale

betbutlerDistressed sports betting broker BetButler.com has ceased trading of its betting services, ahead of a potential sale of its customer database, to an undisclosed third party buyer.

The following statement was published on BetButler.com:

“The Board of BetButler Limited has been approached by a third party regulated gaming business to acquire the customer database, including all balances and pending withdrawal requests, of the business. This process will take some days to complete. If you have any questions please email info@momaco.co and your queries will be answered.”

In previous months trade, the betting broker has reported multiple issues with regards to its payment processing and customer services. BetButler customers have filed multiple complaints with the UK Gambling Commission regarding payment withdrawal issues and poor customer support by the betting operator.

In May 2014 the UK Gambling Commission issued a statement that it was monitoring the BetButler.com player situation, the Commission further added that it was ‘concerned’ with player reports regarding the operators services and news that the operator was in financial difficulties.