(PRESS RELEASE) -- Cloudbet
today announced that the Company has reached an agreement to acquire the full customer base from BetVIP. As part of the agreement, Cloudbet has committed to the full reimbursement of BetVIP customers.
BetVIP, licenced in Curacao, had suspended trading on 12 June 2015. BetVIP customers had been unable to access their funds since that date.
All BetVIP customers can access their account at Cloudbet immediately, and can withdraw their funds without restriction. They are also free to enjoy the broad array of services that Cloudbet offers, which include industry-leading sports betting, casino, and mobile services.
In particular, Cloudbet offers the highest limits in the world on sports bets, and next-generation mobile betting.
"Acquiring the BetVIP player base brings relief to BetVIP players who have been waiting several weeks for access to their funds," said Leandro Rossi, managing director of Cloudbet. "We have made the transition as seamless as possible for players, and they can access their accounts and funds immediately at Cloudbet.com."
"This strengthens the Cloudbet brand as well as both the bitcoin and betting communities," Rossi continued. "BetVIP customers can enjoy all of the exciting sports betting, casino, and mobile services that Cloudbet offer, safe in the knowledge that they are supported by Cloudbet's track record and history of delivering high-quality and safe online betting services."
"This latest acquisition, along with our instant deposits and withdrawals and our industry leading security practices for cold storage and 2-Step Authentication, helps solidify Cloudbet’s position as the premier bitcoin betting destination for customers looking for a safe, enjoyable gaming experience."