Australian sports betting firm Tom Waterhouse has been sued by Bet247, who claims that the site welched on promises to pay profits on accounts that were transferred from the liquidated Sports Alive sportsbook.
The suit was filed in the Supreme Court of Victoria, with Bet247 claiming A$247,979 in damages ranging from August 2011 through December 2012. Bet247 alleges that it transferred some 8,267 betting accounts to Tom Waterhouse with the understanding that Waterhouse would pay player balances and dole out some of the profit back to the firm. Those funds apparently have not been paid.
Bet247 is seeking payment of the funds along with interest. More money is also being requested to satisfy the damages done by the lack of payment.
Commenting on the matter Tom Waterhouse Marketing and Communications Manager Warren Hebard said, "We are yet to be served but in any event we deny the claim."