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Gambling: Linx Media Out Of Business

Microgaming's late Friday announcement that it has pulled the software licence of the Linx Media online gambling group on doubts regarding the company's solvency has been followed by extensive forum discussion and a company announcement on the relevant websites.
 
The Linx announcement reads:
 
“The Linx Media Group has today announced that it is seeking to put its businesses into liquidation and will cease trading with immediate effect. As yet, the Linx Media Group does not know how long this process will take, but it will provide updates on the situation as and when information becomes available and when liquidators are appointed.”
 
A further comment from the company said:
 
“It is with great regret that we make this announcement. I appreciate the concern and frustration that this will inflict on the Eurolinx, BetOnBet, and Linx Casino player community. 

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"Affected account holders are those individuals who have agreed to a contractual relationship with the Linx Media Group through Eurolinx, BetOnBet and Linx Casino.
 
"All available player funds are held by these businesses. As soon as we have information on how to lodge claims with the liquidators, we will communicate this via eurolinx, BetOnBet and linxcasino.”
 
Players on the Casinomeister and 2plus2 forums resurrected the Tusk incident in which an Australian online casino and poker group went into liquidation owing what was believed to be millions of dollars worth of obligations that liquidators are still sorting out. Some players posted that they had tens of thousands of dollars in their Linx accounts, indicating that the Linx affair could be of similar gravity.
 
In the Tusk Investment Corporation debacle last year, six online casinos and 28 online poker rooms were involved in the business failure.
 
A poster at the 2plus2 forum summarised the likely sequence of events going forward, based on his Tusk experience and once liquidators are appointed: “In our case they contacted us per e-mail, it took a little over a month… then you will need to submit a claim (takes like 10 min to fill out).”  From there, patience is required as liquidators sort through the financial and player accounts to arrive at a fair distribution of what monies can be realised from the remaining assets of the company.
 
The poker operations of the Linx group operated on the Microgaming Poker Network, around ninth in size on the Internet with an average daily count of real money ring game players of just over 1 750. Other sites on the network include 32 Red Poker, Betway, Canbet, Carlos Poker, Cool Hand Poker, Gnuf, Intertops Poker, Nordic Bet, PokerTime, PokerWize, Spin Palace, and Unibet.
 
Linx Media launched its latest online casino venture, Linx Casino.com only four months ago. The personalities behind the Linx Media group are at present unknown, but it has offices in Malta, indicating that it is perhaps licensed in that jurisdiction.
 
If this is the case, the LGA licensing authority will no doubt soon face questions on what arrangements regarding security for player funds (such as ringfencing of mandatory company  deposits) are demanded as a licensing condition, and how much those deposits might bring to the liquidator's calculations.



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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

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.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

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.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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