thanks Wordwhiz.

Good letter Wordwhiz

ty worldwhiz

Whether I'm an affiliate or not has nothing to do with the situation. In fact, many of the regular posters here are also affiliates.

You guys are all so anxious to nail someone to the cross you're not thinking clearly... blaming MG and calling on everyone to boycott other MG sites will accomplish nothing.

Give them time to sort out the mess. They have a good track record of backing the players in cases like this.

I disagree it will cost them money which they wont like

Ya its obv MG isnt legally binded to pay this cash but with there reputation im sure they will take care of it somehow, but at the moment who can u expect the players to blame? a majority of the players never heard of tusk an were shocked there funds wernt handled by MG or there skin, i think that is some of the frustation players have with MG also.

Cost who money?

Whether you are making money off them is clearly relevant since a boycott would reduce your earnings and ability to bring in new players. I find it ridiculous that you claim microgaming has no responsibility for the casinos that license their software. Microgaming makes money off of all of the casinos and has direct say in how they run their operations. The fact that microgaming is remaining so tight lipped is also evidenced that legally they do not feel in the clear.

How long are we suppose to wait? I mean what do we do a year from now if we find out that the money is not recoverable? Then do we start complaining or do we just give up? We want information.

Also the past issues with microgaming are very different than what is happening now.

TY

it has everything to do with the situation since you are posting with your best interests in mind and not ours. This thread is about how we have money tied up and not defending MGS to minimize damages to your business.

Just a small observation.

Why are the majority of posters looking to Microgaming to be a 'White Knight'?

Do not the original referrers, ie, the rakeback dot coms bear some responsibility to ensure that they are referring players to 'safe sites'?

Also you might want to review the Tusk financial statements from Mar/06,...they were already 'technically' insolvent in those statements and I'm sure their financial picture improved greatly when the US passed the UIGEA.

As for the liquidation process, having been involved in a number of them, a year plus is what it will take.

The liquidators in Australia charge $75-$125/ hour for secretarial and $300-$450 for oversight in liquidations,....going to cost in the neighbourhood of $400-600,000 for the liquidator alone.

Trust accounts are not mandated in either the laws of Australia or Vanuatu for internet based businesses.

And as Australian law is very similar to Canadian, I would imagine that in order for a 'Trust Account' to actually represent a trust,... the account would have to be 'IN TRUST for Joe Smith' to be valid. An unlucky event that Tusk set up 5000+ trust accounts in order to protect each player.

This situation has no direct impact on my business. You know why? Cuz I do my homework, I didn't list any of the affected sites on my pages. I didn't deposit my money on them either. I do the research before I play or promote any site.

I'm posting to try and bring some reason into the discussion. Did you even read my original post?

This is going to take months to clear up... not days!

Attacking Microgaming or the other sites on the network will not have any positive outcome. This industry is suffering enough already. It's actually a huge benefit to the affected players that Tusk was on Microgaming and not running independently like FT or Stars. At least with Microgaming involved, there's a small chance you'll get paid.

Flame away....

Cuz I do my homework, I didn't list any of the affected sites on my pages. I didn't deposit my money on them either. I do the research before I play or promote any site.

What was so sketchy about the 28 skins that were under Tusk? And what kind of homework did you have to do to find that out?

Hi,

Given that you seem to know the liquidation process very well do you have any suggestions for how players should procede? We are being kept in the dark by microgaming/tusk/other skins. Are players suppose to sit around for a year? Are you suggesting we pretty much give up hope?

My research involves looking at player attendance, T&C's, financial information, player feedback, etc, etc. In the case of Tusk's sites, I didn't see any room on the network that stood out from the bigger and more established rooms Microgaming offers. There was no "red flag" but all these rooms were just too ordinary and too small to offer my players anything new or better. Look at most major affiliate sites and you'll see they thought the same way. Mellowman307 hit the nail on the head as far as the financial situation goes ( a couple of posts up the page). When the UIGEA was passed, it was a sure bet many smaller rooms were going to devastated so it became more important to be very selective about the rooms we choose to play and/or promote.

I do not believe anyone is being intentionally kept in the dark.

Liquidations are very very very slow processes and extremely expensive to conduct.

The liquidators will be in contact with ALL creditors including the players to verify balances etc.

If Tusk's financial picture in 2008 is similar to the 06 statement,... I think the player's will see approximately 50% of their funds returned.

However, no monies whatsoever will change hands until the liquidator has a full picture of how the company sits and as I've said this will take TIME.

I know it would take a long time to get the money. But how long do you think /estimate would take to know how much money if any would be return to the players?

TY Wordwhiz!

I think it will take a good part of a year before the liquidator is in any position to guage the full extent of whats owed to whom,... barring any legal challenges that may slow up the process.

If,.. and only if the financial picture is similar to the 06 statements the players should see approximately 50% of their balances returned.

WOW WORD WIZZ IS A ****ING LEGEND!!!!!!!!!1111111

It doesn't appear you offer rb so why would you offer these sites? It has more to do with that then anything else. That is easy to see. The 2008 award winner for best poker affiliate on CAP has one of these sites listed...

Player balances are verified by the Tusk software and MGS also knows what player balances are. They are not going to contact players to verify numbers. Also, Tusk was a service provider. They have very little assets and creditors to contact. This is not where near the extent of the process you say it is. I worked for a Fortune 500 company that went through this process and it took 1.5 years. The scope of this is tiny.

Are you trying to strike fear? What is your motive?

Be afraid. Be very afraid.

Mustbeblufin , I am not trying to srike fear.

I have been involved in numerous involuntary liquidations as a Canadian Banker.

ALL parties with any balance owed to them have to agree that the balance is correct.

It is not up to the liquidator to accept the Tusk balance.

The liquidator will cover his ass, therefore every player will be contacted by the liquidators, and at the going rates in Australia, minimum $75/hour for secretarial and $300+/hour for supervisory work the cost will be enormous.

You've been involved in one liquidation,...I've been involved in hundreds,... I do know of what I speak!

There was a definite lack of 'real world' experience in the posts and thats the only reason I've added any comments,... realism not fear mongering.

And if players don't accept the balance then what? MGS would be the official "record keeper" as they are the ones who facilitate transfers across the network.

I am willing to bet this is far cheaper than you say and takes alot less time.