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Microgaming Says No fines imposed On 5050poker
July 4,2012 : MICROGAMING CLARIFIES 5050 POKER POSITION (Update)
No fines imposed and fair warning on table restrictions
The Microgaming Poker Network (MPN) issued a rebuttal to a statement released by 5050 Poker Holding AB earlier this week.
A MPN media statement said that no "fines" were imposed on the network, but rather a "Rake Reconciliation", a system of reallocation of funds between Operators that corrects the imbalance that occurs in a poker network ecosystem when rake is the only valuation metric. The company emphasised that said reallocation takes place between operators within the Clearing House bank account which does not hold player balances.
Furthermore, MPN refutes 5050 Poker's claim that the simultaneous table restrictions were imposed without warning saying all operators on the Network were notified of the restriction rule on May 4, 2012. The restriction rule stated "that the number of simultaneous tables a single player may play on an operator may be temporarily reduced for the betterment of the network ecology".
The application of the rule at 5050 Poker and two other operators was, MPN says, communicated to the company in mid May and put into effect in June.
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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