Microgaming Suspends 5050 Poker Ltd’s Game Play
This was published 26-06-2012Microgaming, one of the leading online casino software companies in the industry today, recently announced that its’ Poker Network had suspended all game play on the poker room of 5050 Poker Limited.
The company alleges that 5050 Poker has breached a material condition of its contract and that its directors have already been aware of this breach since 14 June 2012. Microgaming has undertaken to reinstate game play on 5050 Poker Limited’s poker room as soon as the breach has been rectified satisfactorily.
The owner of 5050 Poker Limited, namely 5050 Poker Holdings AB which was founded in March, 2007, had its stock available on the Nasdaq OMX First North exchange with the intention of offering its loyal players shares in the company.
In August, 2009, 5050 Poker Limited licensed their poker, along with casino and sports betting services with Microgaming under LGA Malta andCuracaolicensing.
5050 Poker Limited has denied all the allegations made by Microgaming and according to their spokesperson, it is alleged that the suspension was unfair as the Microgaming network has changed its rules unilaterally and with very short notice.
The poker site feels that Microgaming’s move is an attempt to deliberately target its players so as to limit their chances of play. The number of tables has been reduced from ten to two by the poker network who feels that Microgaming’s move is another example of their discriminatory attitude toward game operators who they feel are unfit. 5050 Poker Limited has had to take the entire brunt of the suspension which has resulted in their players being adversely affected and their earnings reduced.
The Swedish poker site, 5050 Poker Limited, has since announced that due to the fact that Microgaming is demanding additional guarantees in order to lift the ban, the poker site will be leaving the Microgaming network for good.
