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Poker In Venice in Financial Trouble
Wednesday June 12,2013 : FINANCIAL TROUBLE AT 'AFFILIATE-STYLE' POKER NETWORK?
PIV reportedly owes players over Euro 200,000
Online poker fans have to contend with another 'affiliate-style' poker network controversy this week as reports mount from players who have not been paid for extended periods of time by the Poker In Venice (PIV) multi-software network, and claim on message boards that the company is unable to meet its financial obligations.
The network is licensed by the LGA in Malta, a regulator that does not enjoy a good reputation among players for policing its licensees or being effective in assisting with player issues.
Players on the twoplustwo message board are currently exchanging experiences with a view to banding together to recover monies allegedly owed to them by PIV, believed to exceed Euro 200,000.
Network spokesmen have indicated that financial difficulties caused by "third parties" are at the root of the pay-out problems, yet PIV has continued to accept deposits and was offering bonuses as recently as this month.
And in May the company referred players to the P2B affiliate network skin Tempura Poker.com to play their PIV account balances...but only under conditions that included generating three quarters of the value of their balances in rake!
P2B is part of the Goal Gaming group run by an Italian entrepreneur Francesco Merighi
Coming so quickly on the heels of the problems at Muchos Poker - another multi-software network - trust in this sort of business operation must be strained, and in fact Muchos Poker may itself be embroiled in the PIV debacle. Here's an excerpt from a PIV lawyer's letter sent to an aggrieved player:
"I have been instructed by PIVGAME Ltd (the “Company”) to reply to your latest email.
"My client has confirmed that all monies pertaining to your account are held by Muchos Poker or for Muchos’ account and not PIVGAME Ltd. PIVGAME Ltd has terminated its arrangement with Muchos in October 2012 and therefore your claim should be directed to Muchos."
Muchos Poker has denied this claim, and has troubles of its own, having been recently banned from the iPoker Network
The online poker information site 4Flush has warned players about the situation, explaining that PIV offers access to six different networks, including Ongame, InstaDeal, Merge Gaming, Revolution Gaming, Enet and Play2B.
In this affiliate-style model, players deposit into Poker in Venice, and the money is then transferred between the networks and skins when a player wishes to move to another network. PIV players could also cash out directly through Poker in Venice.
Sites involved are believed to include Target Poker, 4Donk, PokerXE and Howdy Poker.
The Play2B network sends players to networks like Revolution and Ongame.
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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