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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 BingoBoat.com, BulldogBingo.co.uk, ChurchillBingo.co.uk, ComedyBingo.com, EmeraldBingo.com, ExoticBingo.com, FunBingo.com, HappyDaysBingo.com, RainbowBingo.com, SkippyBingo.com, StarlightBingo.com and SunsetStripBingo.com.

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In the last three weeks, all player balances have been transferred to Bingogala.com, 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 Bingoplex.com.
 
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, skippy@yougotbingo.com, 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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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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