THE REAL REASON FOR THE INTERACTIVE PLAYNET BINGO
NETWORK CLOSURE
18 December 2009
Software sold to unidentified Swedish company
with an aversion to US risk
Online bingo software and network supplier Interactive
Playnet has revealed the real reasons for its halt in
operations last month (see previous InfoPowa report),
admitting that its software has been purchased by an
unidentified Swedish company with an aversion to US
risk.
Interactive Playnet's Yougotbingo Network
relied heavily on American bingo players, with member
sites that included BingoBoat.com, BulldogBingo.co.uk,
ChurchillBingo.co.uk, ComedyBingo.com, EmeraldBingo.com,
ExoticBingo.com, FunBingo.com, HappyDaysBingo.com,
RainbowBingo.com, SkippyBingo.com, StarlightBingo.com
and SunsetStripBingo.com.
In the last three
weeks, all player balances have been transferred to
Bingogala.com, a site is owned by Bingo Entertainment
which has an 11 year reputation in the United States for
operating a network of sites such as Bingoplex.com.
Apparently the unknown Swedish group that purchased
the software intends to build a European operation.
Reports of problems at Interactive Playnet surfaced
mid-November when the Cyprus-based company advised
players that it had been forced by processor problems to
cease taking deposits and would have to restrict bingo
pots.
“Due to the size of the funds and the
seriousness of how this affects us operationally, we are
forced to suspend online bingo operations,” a
spokesperson for Interactive Playnet said.
“This
is very unfortunate and totally beyond our control. We
feel it would be wrong for us to continue at this time
without the firm guarantee of payment.
“We have
not shut down the network at the moment, however, we
have suspended the deposit page and cut bingo pots.”
But it appears that the real reason was the
impending sale of the software to the Swedish purchaser,
and the need to find a new home for the network's
American players.
The new owners of the software
had grave legal concerns in continuing the practice of
accepting American depositors. Due to the heavy
dependency upon USA traffic, the withdrawal of the
software meant the closure of the network was on sudden,
but unavoidable notice.
This week, Nigel
Simmons, chief operating officer of Interactive Playnet,
said: "The American market is currently unpredictable
and turbulent in nature. With the added complicated
legal issues surrounding this area of online gaming, it
is unfortunate, but wholly understandable, that the new
software operators do not wish to continue accepting
American depositors.
"The new software owners
are well respected internationally. They have built a
reputation upon delivering high quality software gaming
solutions to a predominantly European based market. In
light of this, we are grateful to Bingo Entertainment
for stepping in and welcoming all Interactive Playnet
Network player accounts to their networks."
Customer support representatives are still available,
skippy@yougotbingo.com, to help out in any way over
outstanding player questions.
Lars Gundersen,
CTO, of Interactive Playnet commented: “We have
thoroughly enjoyed our experience in the industry and
have enjoyed providing an unrivalled gaming platform to
our playing community. We are sad to say goodbye to our
loyal roomies and staff, but felt the necessity to exit
the USA market at this time."
Online Casino News Courtesy of
Infopowa
More news here.
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