Yup my money's gone as well. Guess it was just numbers on a screen afterall. Cant ****ing believe it. Should be a BIG BIG warning to everyone to avoid playing on smaller sites, esp. on networks with a shady history I guess.

yep, 2 years of grinding down the drain and 90+% of the money I had on there was my deposit, only been there few months.

The only site I would ever play on now is pokerstars.

My money disappeared 2 weeks ago when i requested a withdrawal of my whole balance on 5050. In "Transaction History" on their site my withdrawal is not listed. Don't know if it's standard for them, because i joined 5050 in the beginning of May and never withdrew so far.

same. I requested withdrawal about a week before they closed and i don't see anything on my transaction history either. Just balance £0.

Thats standard

Pff. U really dont know what ur talking about!! Encourage recreational players is good for the network? Why the **** would that be good. Grinders rake much more then recreational players. And a network easily can deal with that (Ipoker. much bigger then Microgaming). No m8 its not that. Unibet and Ladbrokes were complaining that their players were leaving to other skins because of the better deals for example 5050 gave. Microgaming never did say anything about any deal untill Unibet and Ladbrokes file a complaint. Because of the importancy of Unibet and Ladbrokes for Microgaming they did some tablecapping to "help" Unibet and Ladbrokes. Well that offcourse worked again....

And when u would do some homework and look at www.5050pokerholding.se u would see money is not the real problem thta this went wrong for 5050. U think Pokerstars could pay every player his money if they all withdraw today????

Yes. They segregate player funds.

So your plan is for grinders to play each other with no new players coming in? That network would die very quickly as rake is still being taken out of the system.

Wow. On an Internet full of ridiculous statements, this is one in serious competition for the worst of them all.

I'm not for a minute going to argue that Microgaming has handled this well, but if your comment was serious, it's probably time to back away from the keyboard.

jokotokolino - you're clearly deluded, as reaffirmed by following comments of your post from other members...

A shark infested network is not sustainable, as there will be no fish left in the end. Grinders rake more, but ultimately are taking money away from the poker economy... Christ this is simple economics here, it's not rocket science!

And you make the comparison to Ipoker, did you not know that Ipoker are now splitting into two to ring-fence off the sharks/RB nits?!

And yes, PokerStars do segregate funds...

So on all your points, you are utterly and comprehensively wrong. You're so biased towards a grinders perspective, that you cannot see simple facts! And with this, the funniest thing is that you accuse me of not knowing what i'm talking about?!?! hahaha

http://www.lga.org.mt/lga/content.aspx?id=328106

the LGA did the same when Stryyke went belly-up but i can't recall if any or all players who complained got their money back.

disgraceful

Well I can tell u from the inside they do with the most of it but not the full 100%. They will have no problems when 50% of the money will be withdrawn but when it would be more then 50% on 1 day they have a big problem.

U have different ways to segregate u know.

Is it important to know the different between sharks en recreational players. U can think both ways. I know from the inside that Unibet and Ladbrokes are behind this.

Its also reported that 5050 had enough assets in march. But we all know what happens when it ends like this.

Of course the likes of Unibet and Ladbrokes have an influence. If you were an poker room pumping in millions into a marketing campaign to bring in new players into the network, only to be either gobbled up by sharks (from the likes of 5050) or poached with rakeback deals (from the likes of 5050) - then wouldn't you be reporting this to the network?

It doesn't take inside knowledge to know this! This is occurrent on iPoker and Ongame, with the split network and the rake system used in ongame, whereby the bigger operators want a degree of protection by the network.

The lack of willingness to blame 5050 poker by some people is baffling?! I may as well break into your house and steal your tv, because going by your logic, I won't be to blame, you can blame the police for arresting me! And what's more, if I get locked up, my kids will have no food to eat, but I'll be blameless in all of this... it'll be like I'm freerolling all the way!

SAY YES TO A LAW-LESS SOCIETY!!!