GeniusWin Casino - general discussion (page 6)

Now out of curiosity I was trying to access my account and they suspended my account for fraud! hhahhahahhahahah I mean I would be the dishonest one but do you realize who these are! By now I think that AAMS has rightly suspended their license because they have realized that they don't have the money to pay customers.....those who have pending withdrawals will receive the money directly from the monopolies

I wrote to the emails you sent me, but I haven't received any response yet.

Is it worth postponing another one next week?

Good morning everyone. A friend sent me this.

"Yes, Geniuswin.it has failed.

Here are some details:

Bankruptcy date: November 14, 2023

Bankruptcy court: Court of Bari

Insolvency proceedings: Judicial liquidation

The causes of the failure are yet to be ascertained. However, some hypotheses include:

Financial difficulties: The company may have suffered from a decline in turnover and an increase in costs, making it no longer able to support its debt.

Lack of competitiveness: The sports betting market is highly competitive, and Geniuswin may not have had the ability to compete with the major operators.

Legal Issues: The company may have had legal issues with gambling authorities.

What happens now?

The creditors of Geniuswin.it will have to submit their applications for admission to the bankruptcy proceedings.

The insolvency practitioner will proceed with the liquidation of the company's assets to satisfy the creditors.

Players who have sums in credit with Geniuswin.it will have to submit an application for admission to bankruptcy."

I don't know if it's true or not but considering all the problems we've had I wouldn't be surprised...

yes if you can have your lawyer write a certified e-mail.....or otherwise contact this number 0658571....it should be the number of the monopolies betting office...

eh it could be.... how disgusting

Hi there.

I want to express my gratitude for you providing this data. This is a very concerning state of affairs, therefore for the time being at least I gave our data guys a tip for an investigation.

Thank you kindly!

Hi,

I just wanted to ask you a question regarding the certainty you expressed the money will be paid to everyone. Sounds really assuring to me.

Have you ever tried this cooperation on your own? If so, could you describe based on which principles this monopolies process works, please? Does it perhaps go world-wide?

Thank you 🙏

yes, in Italy state monopolies act as a guarantee for the customer....if the bookmaker goes bankrupt, the state pays directly....it has never happened to me but a friend of mine does

https://www.assopoker.com/business/cassazione-bookmaker-monopoli-stato_181470/

I see now. Thank you very much.

Though I thought it's only available for players from Italy, a little piece of me hoped this could also be usable for other countries too.

In any case, thanks for sharing this. It is useful knowledge.

They also replied that they are carrying out checks.

Another two weeks have passed, but AAMS has not given me any feedback.

Do you have news?

Hi everyone, I also wrote to AAMS in January and they replied that they were carrying out checks and then I never heard anything more about it.

Meanwhile, the geniuswin staff is no longer there and the site is abandoned

But you keep writing and they don't reply?

In the meantime, obviously you haven't received the money

I wrote a second email and no response

I also sent the complaint form but nothing

Ditto me, let's keep updated

Hi guys, luckily I received the money two months ago and I think I was one of the lucky few.....unfortunately since the situation has gotten worse I advise you to get a lawyer involved and have him write a certified email directly to the monopolies (who act as guarantor for bettors and are the ones who have to pay you)......

But they don't even respond in chat?

Nothing at all, no one answers

So it's true that they failed as a friend of mine told me

Good evening everyone, I'm joining this discussion because I too find myself in the same situation and searching online I found this forum... today when I tried to connect to the geniuswin.it website it appears non-existent, I think ADM has closed it... I also sent the complaint to ADM but apart from the fact that they are investigating I have not had any indication on how to get the money back

Welcome to the club