The liquidator of failed sports betting company Sports Alive has demanded $14 million compensation from TOTE Tasmania chief executive Craig Coleman and Victorian directors.
Fraud squad detectives have been asked to probe the collapse of online Melbourne bookmaker Sports Alive, which allegedly traded while insolvent for more than two years.
The ACT Gambling and Racing Commission is facing more trouble after revelations collapsed betting agency Sports Alive traded for three years while insolvent.
The territory's public watchdog is under growing pressure to investigate the ACT Gambling and Racing Commission over its handling of collapsed betting agency Sports Alive.
STAFF of a Melbourne sports betting agency have claimed the company's managers deliberately misled regulators as it spiralled towards liquidation last month.
COMMISSION DENIES POOR FORM IN INVESTIGATING SPORTS ALIVE
Punters have accused the ACT Gambling and Racing Commission of being ''grossly negligent'' in its handling of embattled betting shop Sports Alive and are likely to file a class action lawsuit against the government regulator.
High-profile bookie Tom Waterhouse yesterday became the punters' white knight, guaranteeing to honour the accounts of Bet247 punters who could have been left in limbo after the voluntary liquidation of betting provider Sports Alive.
As a member of the Australian fixed odds betting fraternity I have always been one to take pride in the way responsible wagering has added colour to our sports and racing industries.
