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Reason Interactive Playnet Bingo Closes

12/14/09 - Online bingo software and network supplier Interactive Playnet has revealed the real reasons for its halt in operations last month, admitting that its software has been purchased by an unidentified Swedish company with an aversion to US risk.
Interactive Playnet's Yougotbingo Network relied heavily on American bingo players, with member sites that included,,,,,,,,,, and

giggle Bingo

In the last three weeks, all player balances have been transferred to, a site is owned by Bingo Entertainment which has an 11 year reputation in the United States for operating a network of sites such as
Apparently the unknown Swedish group that purchased the software intends to build a European operation.
Reports of problems at Interactive Playnet surfaced mid-November when the Cyprus-based company advised players that it had been forced by processor problems to cease taking deposits and would have to restrict bingo pots.
“Due to the size of the funds and the seriousness of how this affects us operationally, we are forced to suspend online bingo operations,” a spokesperson for Interactive Playnet said.
“This is very unfortunate and totally beyond our control. We feel it would be wrong for us to continue at this time without the firm guarantee of payment.
“We have not shut down the network at the moment, however, we have suspended the deposit page and cut bingo pots.”
But it appears that the real reason was the impending sale of the software to the Swedish purchaser, and the need to find a new home for the network's American players.
The new owners of the software had grave legal concerns in continuing the practice of accepting American depositors. Due to the heavy dependency upon USA traffic, the withdrawal of the software meant the closure of the network was on sudden, but unavoidable notice.
This week, Nigel Simmons, chief operating officer of Interactive Playnet, said: "The American market is currently unpredictable and turbulent in nature. With the added complicated legal issues surrounding this area of online gaming, it is unfortunate, but wholly understandable, that the new software operators do not wish to continue accepting American depositors.
"The new software owners are well respected internationally. They have built a reputation upon delivering high quality software gaming solutions to a predominantly European based market. In light of this, we are grateful to Bingo Entertainment for stepping in and welcoming all Interactive Playnet Network player accounts to their networks."
Customer support representatives are still available,, to help out in any way over outstanding player questions.
Lars Gundersen, CTO, of Interactive Playnet commented:  “We have thoroughly enjoyed our experience in the industry and have enjoyed providing an unrivalled gaming platform to our playing community. We are sad to say goodbye to our loyal roomies and staff, but felt the necessity to exit the USA market at this time."

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Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

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Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

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Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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