MICROGAMING ISSUES UPDATE ON TUSK TERMINATION

7 March 2008

Liquidator's assessment now awaited


Microgaming has followed up on an earlier announcement that it has terminated its licensing agreement with the Tusk group following the latter's advice that it is seeking liquidation.

The Microgaming update advises as follows:

"Following the termination of the software licence with Tusk Investment Corporation Limited (Tusk), players are understandably experiencing frustration with the lack of information about their accounts with Tusk.

"Microgaming has unfortunately heard nothing further from Tusk itself, and has yet to be advised of the details of the appointment of a liquidator for Tusk. Until a liquidator advises on Tusk’s financial position and ability to pay players and to pay Tusk’s white labels and affiliates, Microgaming is unable to assess the situation.

"This position is quite separate from the Microgaming Poker Network as a whole, which continues to operate as before. Microgaming will of course continue to keep people informed as the situation unfolds."

The Tusk group's "Safe and Fair" seals from the standards and player protection body eCOGRA were pulled some two weeks ago following the discovery of non-compliance irregularities on a routine on-site review by an eCOGRA professional team. Subsequently, Tusk advised Microgaming that it was seeking liquidation, leading to the termination of its software license from Microgaming.

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