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Linx Media: Microgaming Poker Room Failures

With reaction in the player community building following Friday's news that the Linx Media Group is insolvent, an online poker marketing expert suggested possible solutions to safeguarding player funds from debacles such as this.

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The former Vice President of Marketing for PokerStars, Dan Goldman, told Poker News Daily that online poker sites must change their views toward player deposits moving forward: “Online sites have the same responsibility to their players as banks have to their depositors," he said. "All too often, they treat player bankrolls like their own money.”
 
Goldman suggests that player funds should be segregated into entirely separate, independently audited accounts.
 
"This is a simple step that, in addition to bolstering confidence in the site, helps to avoid the temptation to use player funds for operations,” Goldman opined.
 
It's the sort of commonsense requirement that licensing jurisdictions should perhaps demand as a non-negotiable component of any licensing agreement...and software providers could insist on as well.
 
Bringing the issue into sharp focus was a comment by a poster at the 2plus2 forum, who claimed that he had spoken to Eurolinx managing director Jo Remme before coming to the conclusion that: “What was clear for me about his story was that they have been trading with our funds and that went extremely wrong. The word ‘trading’ he used himself.”
 
And a Norwegian poster on the Casinomeister forum noted:
 
"One of\if not the main guy, is called "Jo Arild Remme", before going on to claim: "He has been in 'trouble' before, with pyramid schemes and other projects going bust", before quoting several Norwegian language websites in support of his allegations.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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