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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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Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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.
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