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5050POKER'S MALTA LICENSE SUSPENDED
Thursday June 28,2012 : 5050POKER'S MALTA LICENCE SUSPENDED
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 , 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.
Gambling News :
Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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