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Ascot Players Will Be Paid

The latest reports from the Ascot online casinos gambling group indicate that the company is actually closing down operations, but internet gamblers have nothing to fear, the site plans to pay out all monies owed to players including winnings and account balances. The Ascot gambling group is located and licensed from the Isle of Man, and according to the recent press statement on the company’s closing, the regulators are actively monitoring the company as it pays out players. At this point the online casinos gambling group is wholly transparent in its dealings with the players and about the closing, so gamblers really have nothing concrete to fear concerning their money.

Ascot is owned by Vincent Tan, and there really was no prior indication that Tan planned to close down the Ascot online casinos gambling group. At the same time though, a representative for the Department of Trade and Industry at the Isle of Man, Garth Kimber commented on why the internet gambling group plans to close. He notes, "It is a commercial business decision by the parent company to stop operating in the online gambling arena.”

Kimber continued to assuage the online casinos players concerns by noting that all is going according to schedule and that the gambling regulators at the Isle of Man are on top of the situation. Kimber’s statement included, "At present there are no major identifiable problems with the process. The Gambling Commission will continue to liaise with the company and monitor the situation.” Considering the announcement was so unexpected by online casinos gamblers, the reassurance by the DTI is well received.