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MGS shutting down as of 12AM US Facing brands

Discussion in 'America the Beautiful' started by felicie, Apr 21, 2011.

    Apr 21, 2011
  1. felicie

    felicie Ueber Meister PABnononaccred

    Occupation:
    self employed
    Location:
    somewhere else
    I just got word from the Streak Newsletter :

    "It is with a heavy heart that I have to tell you all that all MG US facing brands are shutting down as of 12am. I know some are concerned about withdrawing money and how this will effect payouts, the truth is right now I do not know. I was to told by several that the software owners (NOT THE CASINOS) have made this decision so the casinos have to do what they are told! This will put many out of business I am sure as well. They are going to be letting funds loose I am sure via QT but that is all I know, the do NOT have any processors in place otherwise. They may have to take a few weeks to get you paid so all I can do is suggest you be patient as of right now you know as much as I do."
     
    1 person likes this.
  2. Apr 21, 2011
  3. kauphy

    kauphy Meister Member

    Occupation:
    mom
    Location:
    az
    there r still 3 that as i have been told by them that they r not leaving so i guess we,ll see at 12 tonight?
     
  4. Apr 21, 2011
  5. SlotsLover

    SlotsLover Senior Member PABnorogue PABnononaccred3 MM PABinit PABaccred

    Occupation:
    teacher
    Location:
    California
    I didn't know there were any/many MGS US facing casinos anymore. Which were they and what are the three that still take US?
     
  6. Apr 21, 2011
  7. kauphy

    kauphy Meister Member

    Occupation:
    mom
    Location:
    az
    go to atb i put them there
     
  8. Apr 22, 2011
  9. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    US players.... please, please be extra careful ... especially now... I've never seen so much fresh spam from crap casinos annoucing that now that the major poker rooms are seized and MG is cutting us off they'd just LOVE to have USA players and offering huge sign up bonuses.

    Thanks to our lovely DOJ, many, many reputable casinos are dumping us and we are tossed to the wolves.

    Please, let's be careful out there.
     
    7 people like this.
  10. Apr 22, 2011
  11. aceking123

    aceking123 Ueber Meister CAG PABnononaccred MM

    Occupation:
    chippy
    Location:
    uk
    hi is this the new level 11 mg platform aswell ?
     
  12. Apr 22, 2011
  13. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom

    Yes, MGS pulled out of the US a while ago, but licensed a number of the older games to an independent (*cough*Bullshit) software supplier called "Level 11" that were VERY secretive indeed about who they were, who owned them, and where they were based.

    Now it seems the "owners" of Level 11 have decided to force all the operators to leave the US as well. Given the secretive nature of Level 11, WHY have they decided to force operators to leave the US, rather than leave it up to the individual casinos to make up their own minds.

    I never believed for one minute that Level 11 was anything other than Microgaming themselves, and all this about licensing games and code to an independent supplier was bullshit from day one. It seems the facade has cracked, and we will probably find that it is Microgaming themselves that own "Level 11", and have now decided to shut out all the "grandfathered" existing players for a complete exit from the US.

    All the talk about new games, tournaments, new registrations "coming soon" to Level 11 was also bullshit. This Level 11 was never anything other than a means to slowly get rid of existing US players by ring fencing them into a third class version of MGS, rather than have operators suffer an immediate hit that could cause them to go bust.

    Operators should have KNOWN they should NOT have been relying on the continuation of the situation, and should have used the time bought by this move to ensure they could survive a sudden and complete loss of their US players.

    Even if Level 11 had not forced the operators out, most would have left anyway, mainly because they would have found themselves unable to process payments for US players without huge cost and risks.

    This does provide a sudden surge of US players with nowhere to play, and the crap casinos will want to get these players quickly in order to make as much money as possible before they too are forced out.

    These crap casinos are willing to take the processing risks that Level 11, and now Rival, are no longer prepared to take.

    There are reputable RTG casinos still serving the US, but for how long?

    The crap casinos will probably stay until the bitter end, which will probably mean they will leave the US when they go bust, and players will NOT get their money.

    Even players OUTSIDE the US have to consider the implications of this, as a casino that gets most of it's action from the US may not be able to take the sudden hit, and then non-US players may find they have trouble getting paid as the casino struggles to find the liquidity from elsewhere, and some may well go bust (or become Casino Rewards:rolleyes:)

    I would also expect a regrouping and contraction among operators and casinos, with fewer skins, and some groups being bought by others. This would be a sensible move in order to cut operating costs to match a smaller player base.

    Casinos that were not in the US market at all since UIGEA was passed are likely to BENEFIT from this, as they will not take any financial hit, but could gain players from non-US countries as they look for safer venues.
     
    7 people like this.
  14. Apr 22, 2011
  15. ksech

    ksech Dormant account

    Occupation:
    yes
    Location:
    Here
    That's the only version of MG US players WERE able to play at. It's like a reincarnation of the beginning of the UIGEA all over again. And with processors options now becoming fewer and fewer, it's only a matter of time before there is no one for US players to rely on. How long before they nail QT? Are they playing their "catch-me-if-you-can" depositing/withdrawing again/yet like they did when EWX "disappeared"?

    Seriously, US players need to tread with extreme caution. It just isn't worth it in the long run if dependable ewallets and casinos stop doing business with US players. Rogue ewallets will evolve and the rogue casinos will step up with their "too good to be true" bonuses.

    The unfortunate issue will be, the hundreds of US newbies who start online gambling TODAY. With fewer and fewer options available, these will be the people the rogues will target. There will be an ever increasing influx of complaint threads for the likes of Virtual &Co., and for rogue ewallets who will ensnare the unknowing newbie into it's evil clutches (simply because the honest/dependable ewallets won't be available any longer).

    IF I had money sitting in a casino or ewallet, I would most assuredly get my money out of there. Who knows how many other platforms will follow the MG Level 11 casinos. And who wants to have to wait months and months before they will POSSIBLY see a dime of their money. Unless, you are the true gambler who is willing to wait it out and wait until the other shoe drops. Is the addiction that great that you are willing to have bank accounts closed, winnings seized, etc? It's like deja vu...
     
    4 people like this.
  16. Apr 22, 2011
  17. rainmaker

    rainmaker I'm not a penguin CAG webmeister

    Occupation:
    -
    Location:
    -
    I agree with you vinylweatherman. Microgaming would never licensed out their games to "just anyone".

    The US friendly platform is own by the same people who owns Microgaming in my opinion. So Level 11 is "independent", but at the same time they do have the same South African based owners as Microgaming.

    Just another part of the messy trust fund structure.
     
  18. Apr 22, 2011
  19. SlotsLover

    SlotsLover Senior Member PABnorogue PABnononaccred3 MM PABinit PABaccred

    Occupation:
    teacher
    Location:
    California
    forgive me, but what is atb?
     
  20. Apr 22, 2011
  21. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    Location:
    Up$hitCreek
    ATB = America the Beautiful section of the forum. Here, in other words. LOL
     
    1 person likes this.
  22. Apr 23, 2011
  23. brianzz

    brianzz Dormant account

    Occupation:
    Work
    Location:
    TN
    Here's one from this AM from Villento :eek2:

     

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