SUSPENSION OF eCOGRA SEALS

[Mousey]

Since this thread seems to have derailed a bit into a pro-eCOGRA/con-eCOGRA back and forth debate, I'm going to attempt to get this back on track.

Seals were removed because of some administrative problem. This problem was supposed to have been taken care of within a couple of days. Yet no one is saying anything, which I find a bit unnerving.

It's been a week now and there has apparently been no progress. Taking this into account, I'm removing this group from the accredited list until I'm comfortable that everything is kosher. I'd rather error on the side of safety than putting players at risk.

I was wondering when we might get a 'briefing' and thought they were taking too long. (I didn't ask about it yet because I thought I was merely experiencing my usual paranoia. )

[peteyweestro]

this really sucks because music hall has been my favorite casino for a long time, although some rivals and 3 dice are catching up fast

[jetset]

Jetset....

Huh?

Ahhhh, I see.

Don't bother answering the "huh?", thanks - I've just opened my emailed copy of your original comment. If you can't debate an issue in a mature and disciplined fashion, don't waste your time or mine.

[RobWin]

Anybody heard anything out of eCOGRA yet...it's been quite a while now...

[Professor]

My guess is that "Administrative Issues" is the polite way of saying "Accounting Issues".

You gotta pay your taxes if you want to fly the flag.

It does take money to operate any organziation and members often have to provide financial support to make the venture possible.

Unfortunately many operators are facing increased financial pressures this year and are looking to reduce expenses wherever possible. They are also settling debts much later then usual so that leads to "Administrative Issues" also.

[jetset]

Press statement just out from Microgaming this evening:

QUOTE:

Company Statement:

'Microgaming announces that it has terminated its software licence with Tusk Investment Corporation - with immediate effect, after having received Tusk's notification of its plans to put the Company into liquidation.

Microgaming is presently gathering all facts related to this matter and will provide further announcements as and when information becomes available.'

About Tusk

Tusk Investment Corporation Limited operates a number of casino sites and poker rooms:

Casinos: http://www.casinoaction.com/onlinecasinos.aspx

Challenge Casino, Golden Reef Casino, Music Hall Casino, Nostalgia Casino, UK Casino Club; Big Casino

Poker Rooms http://www.mypokerprofit.com/poker-network-brands.asp

Battlefield Poker, Royal Card Club, Red Nines, Arctic Poker, Raw Poker, Poker.ie, Daily Poker, Flush Draw Poker, Will Bet Poker, Bet Road Poker, Grand Central Poker, Off The Rail Poker, Privy Poker, Berserk Poker, Atomik Poker, Dave's Poker Room, Hetman Poker, Hot Pepper Poker, Poker Seas, TilttAA Poker, Loose Games Poker, CPT Gaming Poker, Ice Bear Poker, GoHard Poker, Caya Poker, Mr Urban Poker, Poker Sweden, Euro Poker Dream

UNQUOTE

From this it appears that the "non-compliance" issue had to do with the casino group failing to maintain the ratio of reserves to obligations.

And it must be pretty serious if the casino group is contemplating going into liquidation.

I'm sure we'll be hearing more from everyone involved in this over the coming days.

[Mousey]

OMG... Am I overreacting, or is this really bad??

[Jody Nustedt]

That's very surprising news. Those casinos were some of the first ones I ever played, and I used to promote CPS years ago as well when I ran my own sites.

Hope everyone's money is safe.

[vinylweatherman]

This is the unthinkable worst case scenario.
I have just noticed that deposit options are unavailable, and no games will load, although it is currently possible to log into the accounts.

What is truly astonishing is that the "business as usual" scenario is STILL continuing, with all advertising running fine. I played on Monday with no issues, and there has been NO NOTIFICATION WHATSOEVER TO PLAYERS.

Luckily, I got my last £200 out this morning from UK Casino Club, and only "scraps" and unclaimed comps remain. I also withdrew a £2000 hit earlier on Monday.

eCogra clearly found something EXTREMELY SERIOUS INDEED, and it now seems their actions were rather mild, rather than draconian.

This looks similar to the fate that befell the old captain Cooks group, and shows just how SERIOUS the situation has to be in this industry if this group can go from winning awards to going bust within a month

The repercussions could be serious, what else is over the horizon that we players are totally in the dark about!!!!!

[Self Made]

That's about 28 online poker rooms, including some relatively popular and reputable ones like Battlefield and Red Nines.

Hasn't Microgaming covered player balances when things like this happened with their licensees in the past?