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Insidecostarica.com - San José, Costa Rica  -   Friday 11  August  2006

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  BETonSports Firing of 1.400 Employees Official



BETonSports Firing of 1.400 Employees Official
As we reported yesterday morning (see story BETonSPORTS Preparing to Leave Costa Rica), one of the largest sportsbook operations in Costa Rica gave formal notice to its 1.400 employees. The news, though a surprise to many, was not a shock as rumours had already been circulating of an impending shutdown of operations.

BETonSports.com (BoS) officials told the employees that the company has the financial resources to pay severanace pay to all its employees and will do so within the next 30 to 60 days.

Franciso Conejo, lawyer for BoS, refused to elaborate on the "firings" and to talk about BoS founder Gary Kaplan and his whereabouts.

The problems at BoS came on July 16 when its CEO, David Carruthers, was detained in Texas on his flight home to Costa Rica from England. Carruthers, along with a number of other betting executives, is facing a number of betting and fraud related charges .

Francisco Morales of the Minsterio de Trabajo (Labour Ministry) said yesterday that his inspectors will be visiting the BoS offices in San Pedro Mall early this morning to "ensure that employees receive guarantees (payment) that they are entitled to".

Yesterday afternoon, the eight floor of the San Pedro Mall offices was filled with BoS employees who were told the news. Some have worked with the firm for up to five years, who were given the notice by Clive Archer, director of operations and a member of the board of directors of BoS.

BoS officials also affirmed that the company will pay all its outstanding debts, once it sells all its assets.BETonSPORTS Preparing to Leave Costa Rica
Employees and clerks of BETonSPORTS complex in San José are being told that tomorrow's salary will be the last. Severance will follow in 30-90 days.
 


 


 
   

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