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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.



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MLB Odds: Jays Hope to Spoil Orioles’ Visit - The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.

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Big Online SLot Win on Ultimate 10X Slot - At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000

MPN Greatest Poker Player in the Universe - The MPN announces the third annual Universal Championship of Poker (UCOP III), boasting €750,000 guaranteed across 59 tournament events this September

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