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LiveAce #Poker shuts down

Sunday December 22,2013 :  SUBSCRIPTION ONLINE POKER SITE SHUTS DOWN
 
A fundamental business reason to close the doors...
 
After just short of four months online the subscription poker site LiveAce has called it a day, citing the most fundamental of business reasons...an inability to generate sufficient revenue to cover operational costs.
 
Although the subscription business model is not uncommon among US online poker sites trying to ensure they are operating legally under sweepstake laws, LiveAce had devised a business structure that it claimed was unique.
 
It offered rake-free cash games and allowed punters to offer chips for sale for real money at regular daily auctions run by the operator.
 
The operator and CEO, Adam D. Stein-Sapir, had carefully sussed out the laws applicable in target states, and accepted only those he was sure had sweepstake laws - reportedly just over half of US states.
 
This week LiveAce announced that it has "suspended" activity, explaining in a website notification that it had not been able to deliver sufficient revenues to cover the expense of operating the site.
 
However, it will continue to assist players with legitimate cash claims in respect of unused subscriptions or auctioned chip purchases until the beginning of March 2014.
 
Strangely, players have been urged to submit claims by regular mail instead of email.

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Gambling News :

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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