BetButler is bust, and it's at this point that the Gambling Commission swing into action.
They have decided to suspend (not revoke) the BetButler licence because they have some concerns about the way the company is being run.
Well no shit, there are quite a few people with concerns about how BetButler is run, and they've not exactly been shy about making it known to the Commission either.
Still, better late than never. Or actually would a better expression be, after the horse has bolted?
The Gambling Commission has decided to suspend Operating Licence No 025718-R-307661-009 (Bet Butler Ltd) because we are concerned about the licensee’s suitability to carry on the licensed activities. The review of this operating licence continues and we will not be making any further comment at this stage.
Where this leaves BetButler, or it's parent company BetClearer, is (sorry) unclear at the moment. Without the licence they can't open up again, and it must be a less appealing company to purchase as well. Seems that the classic Commission line of striking a balance between letting a company continue to allow for customers to be paid and regulating to protect customers has once again not been struck correctly.
Word is that the licence was suspended because of a lack of staffing at BetButler, and that a further source has confirmed many BetButler staff were not paid in August. The BetButler twitter feed (@thebetbutler) suggests there was a swiftness to the closure that wasn't part of the planning. After all, who tweets about horse racing in the morning, if you're planning to close up in the afternoon?!
As ever, the place to be for BetButler news (and if you have any fight left in you for getting your money back) is The Gambling Times forum. Free to register and discuss BetButler, premium membership is only required for sports betting and casino sections of the forum.