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Canbet UK licence may be reviewed after payout failures

3rd January 2014 10:32 am GMT

UK-licensed online sports betting operator Canbet.com has temporarily ceased taking customer bets or deposits due to what it claims to be an “ongoing” system malfunction affecting client withdrawals and deposits.

Canbet.com, previously owned by Australia's International All Sports Limited but sold to Yin Khing Investments Limited for AUD$1m in May 2009, said that the previous software fix had “not rectified the current problem to the satisfaction of management.”

As a result, management has now taken the decision [...]

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