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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.
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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3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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