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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 :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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