No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
PURPLE LOUNGE FAILURE AND ENTRACTION NETWORK LINKED
Monday June 11, 2012 : PURPLE LOUNGE FAILURE AND ENTRACTION NETWORK LINKED (Update)
How much due diligence is expected of an online poker network?
The failure of the Purple Lounge online poker room and casino, leaving players unpaid and generating widespread criticism of its Malta LGA licensing jurisdiction, was linked to another company over the weekend.
In an article on the recent Nevada licensing approval obtained by International Game Technology, the information website Pokerfuse noted that the Purple Lounge issue had not been broached, despite the failed operation being part of the Entraction Poker Network at the time of that network's acquisition by IGT.
IGT representatives discussed the Entraction acquisition with the Nevada Gaming Control Board, pointing out that the due diligence checks prior to the purchase had not uncovered its pre-UIGEA American activity, which was in any case less than one percent of the company's business.
Once discovered, the activity had been immediately halted, the company claimed, adding that it was liaising with the Department of Justice to ascertain if any penalties would be imposed. A range of countries had also been banned from Entraction as IGT brought it into compliance with international laws.
Pokerfuse reports that board chairman Mark Lipparelli applauded IGT for bringing its newly acquired asset into compliance.
“The board will look favorably on anyone who follows IGT’s lead,” Lipparelli reportedly observed.
But there was apparently no mention of Media Corp's Purple Lounge, which had switched to Entraction from the MIcrogaming Poker Network in January 2012.
"Unmentioned in the hearing was the recent demise of Purple Lounge, a poker room on the Entraction poker network that failed to refund its players’ deposits after “historic operational and financial failings” forced the company into liquidation," Pokerfuse notes.
"In January 2012, Purple Lounge moved from Microgaming Network to Entraction. Apparently no financial discrepancies were discovered as a part of this migration, yet just months later the poker room was closed [with Media Corp claiming it had 'loaned' the company over GBP 900,000- ed.] and, after a month with little communication, its owner Media Corp began liquidation proceedings.
"Like all skins on Entraction, Purple Lounge was licensed under the Malta LGA which requires players’ funds to be held in segregated accounts. Despite this, Media Corp has indicated that [the] loss of player funds is “expected.”
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.