A former employee of BetonSports, which shut down over a year ago, is still awaiting her severance pay and fears she'll never see one cent of it.
"I decided to contact the FSRC-Division of Gaming in Antigua to get an update on when they will be paying the creditors for BoS and when I should expect to receive my outstanding severance," said the employee, who will remain anonymous. " To my amazement, I was referred to a company operating out of the UK, who have been appointed as receivers to liquidate the assets of BETONSPORTS plc and BoS (Antigua) Ltd. The response that I received left me in total shock and amazement. These people are collecting outstanding monies owed to BoS and all of the employees whose contracts are outside of Antigua will not be paid a cent, we have to fend for ourselves."
She recieved the following response back:
Dear Ms ******
I refer to your recent enquiry to the Director of Offshore Gaming and write to advise that on 20th September 2007 that Nigel Hamilton-Smith and Peter Wastell of Vantis were appointed Receiver-Managers of BoS (Antigua) Limited, a subsidiary of BETonSPORTS PLC which is also in Liquidation under our stewardship. BoS (Antigua) Limited is a company registered in Antigua and Barbuda, and was the operating company within the BETonSPORTS group responsible for the individual gaming contracts and betting transactions with the players/customers primarily in the United States of America. The appointment as Receiver-Managers was made by the Financial Services Regulatory Commission of Antigua and Barbuda ("FSRC"), under the International Business Corporations Act in that jurisdiction.
As Receiver-Managers under Antiguan law, our duties are primarily to collect in the various assets of the company, and distribute those funds to the creditors of the company.
We are advised that your contract of employment would have been with BoS Costa Rica Limited and we have not been appointed to deal with affairs of that company.
Accordingly we cannot assist you any further in this matter.