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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.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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