Betting Talk

The NEW 5Dimes

Today marks a significant milestone for the 5Dimes brand.

5Dimes has entered into a settlement agreement with the U.S. Attorney for the Eastern District of Pennsylvania (EDPA) that will allow the Company to apply to enter the legal, regulated U.S. gaming industry under a new corporate structure, free and clear of any restrictions on the use or transfer of its assets and in full compliance with U.S. law.

This settlement agreement is a direct result of Laura Varela’s extraordinary cooperation to resolve the criminal investigation and clear the Company. The cooperation did not include disclosing information or identities of any customers.

To our U.S. customers, thank you for your patience and cooperation. The decision to suspend betting for U.S. customers on September 21, 2020, was a direct result of this settlement agreement with the EDPA. We recognize that the timing was less than ideal, but it was out of our control.

As a reminder, September 25, 2020 was the last day that U.S. customers were able to request payouts using our regular payment methods available in the system. We want to assure all U.S. customers who requested payouts by September 25, 2020, that your payments are being processed and should arrive in the next seven days.

For U.S. customers who did not request their funds by September 25, 2020, your funds will be transferred to Epiq, a U.S.-based claims administrator, who will seek to deliver the funds to the account holder. Epiq will have a dedicated website – www.PlayerRefund.com – and they will post a notice on October 1, 2020.

We look forward to relaunching 5Dimes as a sportsbook and casino in the legal, regulated U.S. market and bringing the same great experience to all our customers.


For more information about the settlement agreement, read our official press release 5Dimes Reaches Settlement with U.S. Prosecutors.


For any media inquiries, please contact John Lovallo at jlovallo@levick.com or Phil Elwood at media5Dimes@levick.com.


— Management of 5Dimes


Wonder what this will look like?





Comments

  • R40R40 Senior Member

    It will look pretty vanilla. Apparently they have already incorporated so it seems to be for real. If they get in, they could run with the ball.

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