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KulBet And 4YouBet Closed Down – Customers Waiting For Money

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In December 2018, sportsbook operator KulBet and online betting site 4YouBet closed down. The sites were operated by Altair Entertainment N.V., a company beneficially owned by the German sports betting on online gambling veteran Uwe LENHOFF. Besides KulBet and 4YouBet, the Cologne-based sportsbook operator Bet90 is one of LENHOFF’s other ventures and still online.

Reading through some forums, it turns out that some KulBet customers are still waiting for their refunds. The domain refers to another betting site – operated by Hillside (Sports) ENC regulated in Malta. 4YouBet received many negative comments from clients in forums and was warned of by betting review sites.

Winslet Enterprises, another online gambling and casino venture owned by Uwe LENHOFF headquartered in Sofia, Bulgaria, also closed its website down or perhaps never really launched it. Thus it seems as if the LENHOFF group of companies is about to vanish into the dark of the online universe leaving his public-listed VELTYCO without business.

It is not yet confirmed that the closing down of Altair Entertainment‘s sites is related to the financial issues of LENHOFF’s public-listed VELTYCO PLC. According to an insider, VELYTCO is about to be restructured after the departure of Melissa BLAU who acted as CEO for some months in 2018. The new strong man in VELTYCO is said to he Dirk Jan BAKKER, the company’s second-largest shareholder.

One Comment

  1. Maria Azzopardi Maria Azzopardi February 19, 2019

    Bet 90 Sports and other companies part of VELTYCO GROUP might go under investigation soon to together with VELTYCO GROUP.. the chain might be longer…

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