The Greek Sportsbook is shutting down

[The Buzz]

One of true veterans of the offshore sportsbook landscape announced on Twitter yesterday that it is ceasing operations. The book opened in 1998. All players have been transferred to BetCris and, according to the announcement, "all pending bets will be settled. No bets are cancelled or forfeited."

From the Twitter thread:

Some Sad News To Pass Along Some of you may have already heard that we are ceasing bookmaking operations as of today. We are in the process of restructuring with new plans ahead.

To be candid, as we try to be with you, I think you know that we were a little bit behind the times in a number of areas in comparison to a lot of new brands on the market.

In terms of sharp action, we will still have access to our pool of players and will continue to report on it as we have in the past. And we're still here to talk sports, betting and GIFs too.

And here is the text of a letter sent to players:

"TheGreek.com is closing its bookmaking operations. However, we have arranged for your account to be transferred to BetCRIS. BetCRIS is one of the pioneers in the sports betting industry and offers great value to both recreational and experienced sports bettors. They offer a wide variety of prematch betting options and live betting on televised sporting events with bets being graded in real time. Their loyalty program is the best in the industry giving you better odds and higher payouts on all your wagers as you progress through the levels. We are confident you will be satisfied with their service.

The transfer of your account has been designed to be quick and easy. Follow the link below to enter your username and password for TheGreek.com to automatically transfer your current balance to your new account and start betting right away. We thank you for your patronage, and are confident you will be in good hands at BetCRIS. All fund transfers are being guaranteed by The Greek, so you can be assured that you can continue to "Sweat the Game, and not the Payout."

[Sherlock]

This is very sad but expected. Their affiliate program was complete sh1t, but as a player I made my bank there and at Betjamaica. Their option to keep the line for 1 minute even in live betting was incredible. Spiro is guy for Hall of fame. He donated a lot of money to pros.

It is also just a confirmation that the bad bookies stay and honest business is not that good with exceptions. RIP.