Global Player Closes its Doors

AussieDave

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Global Player Casino & Poker Room Closes its Doors

ST. JOHN'S, ANTIGUA (November 28th, 2007) - Universal Gaming Concepts Inc., a leading Online Gaming Company for more than eight years, today announced that they will cease operation of their Global Player brands, Global Player Casino and GPCPokerRoom.com on November 30th 2007.

Following a recent evaluation of the current business, the management of Universal Gaming Concepts Inc. decided that it is no longer feasible to continue to operate the Global Player brands.

The current changes in the legal and economic landscape of the gaming industry has made it increasingly difficult for us to compete and retain our market share said Giancarlo Bettini, CEO of Universal Gaminc Concepts Inc. The strategic decision to cease operations while we are still in the position to satisfy our obligations to players, vendors, affiliates, and staff reinforces our integrity and commitment to good business practices.

All customers' account balances are available for immediate payout. Customers, who have not requested their funds prior to our closing date, should contact support@global-player.com to have their requests processed manually. Payout requests will continue to be processed until December 30th 2007.

The Global Player brand has enjoyed eight successful years in the online gambling space starting with its launch in September 1999 using its own proprietary casino software and has continued with its re-launch on Boss Media's casino and poker platform in May of this year.

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I just heard this news a few moments ago and I'm still in shock.


Saying this is a prime example of what the UIGEA can do. It doesn't affect rogues, it takes its toll on those establishments that we all wish there were more of in this industry.


Cheers

T
 

AussieDave

Banned User
Joined
Dec 25, 2005
Location
Australia
Make no mistake: the UIGEA is about keeping US dollars in the US
I've never doubted that for a moment :thumbsup:

Irrespectively, would GP be pulling the pin if the UIGEA was not passed? Something I guess we could debate indefinitely. At a stab in the dark IMHO it wouldn't have helped. Though some may also say the demise was on account of switching to Boss Media.


Cheers

T
 

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