Vip.com declared on its website that it’s going to be shutting down effective August. 1, putting a conclusion to the offshore’s long and prosperous run as one of the industry’s premier sportsbooks. Vip.com has long been praised for having fast payouts and outstanding customer service, and they once carried an A+ rating by SportsBookReview, the leading independent sportsbook review site.

This closure is unfortunate, But VIP should be applauded for its transparency. They posted the image you see here, on their site more than two weeks before their planned shutdown. This has become the exception as opposed to the rule in the gambling industry. Frequently, customers don’t learn about a gaming site closing down until after it’s happened, which creates a mess of a situation for those with funds tied up in their accounts.

When a company is out of business, the players are in limbo and the fate of their cash are considerably at risk. Most dont get paid. Some companies do honor their obligation and pay up, but most dont.

A VIP representative said clients will be notified of their options shortly. All account holderswill be notified by e-mail. But there could be some strings attached. A VIP customer service representative told a player that only accounts over $260 will be able to request a payout. The representative also noted that the decision was made “due to industry and money processing complaints.”

VIP hasn’t been taking part in the US market since 2006, but they still serviced US players that were users of their site before they left the market. If your looking for a good online casino, online poker or online sportsbook vist a portal like playingpokerusa.com