5050POKER'S MALTA LICENCE SUSPENDED
29th June, 2012 at 05:20:07Source: http://www.bluffed.net
Lotteries and Gaming Authority institutes a player complaints procedure
On Thursday, following news that Microgaming had pulled 5050Poker's software licence for contractual breaches involving financial obligations (see previous reports), the Malta regulator Lotteries and Gaming Authority announced that it had suspended the poker company's operating licence.
The regulator also notified players that a complaints procedure for owed players was available, prompting several industry observers to note that the LGA appears to have learned some lessons from the dismal manner in which the recent Purple Lounge demise was handled.
The LGA action was the latest development in a sorry two week history that saw the poker room go abruptly offline claiming unfair treatment on new table restrictions it alleged were imposed by Microgaming Poker Network.
The network responded by suspending 5050Poker's software licence, claiming contractual breaches, and that ultimately led to this week's termination of the 5050Poker contract by Microgaming....and the regulator's suspension of its operating licence.
The players, as usual, were left in limbo with many claiming that they had credit balances or withdrawals still in process, whilst 5050Poker muttered about liquidation assessments and legal action against Microgaming.
Despite the prompt suspension of the 5050Poker licence, the LGA is still coming in for player criticism over its alleged lack of licensee oversight - especially regarding segregated player accounts.
Recent failures of LGA licensees like Purple Lounge and Everleaf have left players with a marked lack of confidence in the LGA's willingness or ability to protect their interests.
Poker News index »
UNIBET TO MOVE TO STANDALONE POKER PRODUCT
03rd December, 2013 at 14:37:22
Unsustainable being part of a poker network says head of gaming
Full Story: Unibet To Move To Standalone Poker Product »
ANOTHER MALTA-LICENSED ONLINE POKER DISASTER
28th November, 2013 at 03:20:42
PokerinVenice failed earlier this year owing reportedly substantial amounts to players.
Full Story: Another Malta-licensed Online Poker Disaster »
MIZZI TAKES PARTYPOKER PREMIER LEAGUE VII TITLE
27th November, 2013 at 05:09:06
Fierce competition in star-studded field
Full Story: Mizzi Takes Partypoker Premier League Vii Title »
HERO POKER TO JOIN MICROGAMING POKER NETWORK?
27th November, 2013 at 02:01:49
Erstwhile Merge poker room looks for a new start...but it doesn't include US players.
Full Story: Hero Poker To Join Microgaming Poker Network? »
ONLINE POKER ROOM NUMBER SIX JOINS EQUITY NETWORK
21st November, 2013 at 01:54:27
Established 5Dimes operator signs up to new network
Full Story: Online Poker Room Number Six Joins Equity Network »
More Poker News
On This Day