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Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M

04-13-2009 , 02:41 PM
Quote:
Originally Posted by pockettwos
wow this is all crazy. I didnt know all of this. Like I mean I got $4,700 frozen and I just contacted a gaming laywer. I sent him all my transaction history and HH as he requested. He went through it all and confirmed the amount owing. He called or emailed them and did whatever it is they do. Anyways with whatever happened between my lawyer and the site. I got a check in the mail for my amount owing plus the coverage of my laywer fee's.

Not even kidding this is true. I was under the assumption that there were nothing attorneys could do because they are placed away from gov laws.
He explained to me simply this was true but there was a way behind it because no one can just take people's money. He would work on it and get it done.

So I am a little baffled to hear $400k and other amounts still owing when I was given my money back through legal action. You guys dont care enough to investigate your options or something? Kinda makes me think there are a few people lying because if my attorney was able to get it back....
You're claiming you had 4700 frozen in this same scandal? You weren't clear about where/when. If it was the same scandal, who reimbursed you? Like who cut the check..
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-13-2009 , 03:21 PM
Quote:
Originally Posted by Fulzgold
You're claiming you had 4700 frozen in this same scandal? You weren't clear about where/when. If it was the same scandal, who reimbursed you? Like who cut the check..
He's banned now, and it was either BS or a different story.
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04-13-2009 , 05:46 PM
Serious eye-opener, this trolling. Good to see them all outed.
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04-13-2009 , 06:13 PM
Just to clarify I have been informed that TUSK did have some american players. Any idea why it seems that there were so few?
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-13-2009 , 10:25 PM
Quote:
Originally Posted by acethiest
Just to clarify I have been informed that TUSK did have some american players. Any idea why it seems that there were so few?
After UIGEA, there were 12 states from which players were technically banned from playing on Microgaming, so that had something to do with it.
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-13-2009 , 10:54 PM
Quote:
Originally Posted by questions
After UIGEA, there were 12 states from which players were technically banned from playing on Microgaming, so that had something to do with it.
Your own SI (Safety Instructions), your PH (Personal Healthy) ,you (Person Not Willing To Get Killed), they are all saying you are an ass (The Donkey).
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-13-2009 , 11:05 PM
Quote:
Originally Posted by IceKing
Your own SI (Safety Instructions), your PH (Personal Healthy) ,you (Person Not Willing To Get Killed), they are all saying you are an ass (The Donkey).
Elaborate code? Who's good at deciphering?
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-14-2009 , 01:29 PM
Microgaming should stand up for this mess. They are responsible
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-14-2009 , 03:50 PM
Boycott Microgaming thieves!
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-14-2009 , 07:40 PM
Euhm, im playing on a micro/prima skin(tellpoker)

its a weird scheme were the players have shares of the company(i have 21) , they should be in the stocks this fall...

but - any risks of this hapenning again? I understood that the affiliates of tusk got analed, but arent I doing business with micro exclusively?
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-14-2009 , 08:27 PM
Quote:
Originally Posted by Restlys
Euhm, im playing on a micro/prima skin(tellpoker)

its a weird scheme were the players have shares of the company(i have 21) , they should be in the stocks this fall...

but - any risks of this hapenning again? I understood that the affiliates of tusk got analed, but arent I doing business with micro exclusively?
Yup, there certainly is a chance this could happen again.

We didn't know about Tusk, their name wasn't mentioned ANYWHERE, so there's no telling really what's going on behind the scenes.

Particularly if there's fraud involved.
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04-15-2009 , 07:14 AM
Quote:
Originally Posted by excession
Can the Unibet rep please clarify something here. Are the player funds for players at Unibet held in trust in segregated accounts for the players or not?
Hi,

Unibet controls it's players finances. Microgaming have no control over them.

We, being a public listed company, have everything transparent regarding these sorts of facts.
Go to our corporate website or get a copy of our yearly accounts. It's all in there.

We have nothing to hide.
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04-15-2009 , 07:34 AM
Quote:
Originally Posted by mustmuck
You haven't addressed any of the points made against your post. You say you're not an apologist for microgaming but given that you clearly hadn't thought through any of this enough to defend your words, the only reason you could have for posting was jumping to defence of microgaming and your own business interest.
By making a point I addressed it.

Makes no difference if I say whether I am or not an apologist for MG. You guys have already made your minds up regarding this, so is tedious and a waste of time for me to justify anything.

Because I work for Unibet then, surprise surprise, my interests do lie there. I believe in loyalty. You would be surprised what loyalty buys you in life. Some of you should try it....
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04-15-2009 , 08:08 AM
Quote:
Originally Posted by Floptimistico
By making a point I addressed it.

Makes no difference if I say whether I am or not an apologist for MG. You guys have already made your minds up regarding this, so is tedious and a waste of time for me to justify anything.

Because I work for Unibet then, surprise surprise, my interests do lie there. I believe in loyalty. You would be surprised what loyalty buys you in life. Some of you should try it....
I feel loyal with the players who lost money in this mess. How could anyone be loyal with the poker companies in this situation? Your post is sickening. And I'm almost certain that players funds are not held in trust at Unibet, so they are not safe in case of insolvency.
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04-15-2009 , 08:59 AM
Quote:
Originally Posted by Floptimistico
You would be surprised what loyalty buys you in life. Some of you should try it....
I wish microgaming would try it.
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-15-2009 , 09:36 AM
Quote:
Originally Posted by Floptimistico
By making a point I addressed it.

Makes no difference if I say whether I am or not an apologist for MG. You guys have already made your minds up regarding this, so is tedious and a waste of time for me to justify anything.

Because I work for Unibet then, surprise surprise, my interests do lie there. I believe in loyalty. You would be surprised what loyalty buys you in life. Some of you should try it....
I'm confused first you tell us the poker industry is dog eat dog and microgaming has every right to screw over their loyal players (I've paid them thousands in rake (not including my share of rake to my skin or TUSK).

So you are suggesting to us to be loyal? WTF is that? How would trying to be loyal accomplish anything. I've had 5 figures STOLEN from me, and no one gives a **** except my fellow players who have also had their money stolen. And your suggestion to us is to try and be loyal? Are you this clueless or are you just trying to put me on tilt? I mean seriously you ask us to be loyal... we are the one's who have been left in the dark by everyone. MGS has offered us no help what so ever, never gave us details about tusk or even offered to help us prove our existing balances.

Seriously... I am so tilted...
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04-15-2009 , 10:01 AM
Quote:
Originally Posted by caruzo
Why are these pro-Microgaming posts so "factual"? You do not know that this is a fact. Microgaming's spectacular lack of due diligence on Tusk may well be a legal weakness. Do you know for a "fact" that it isn't?

You're comparing the legitimate business of poker to the illegitimate loss of these players' funds. How is the legitimate analogous with the illegitimate?

But I have cited two instances where Microgaming did JUST THIS. How do you square this fact - and it is a FACT, not your speculation - with your statement above?

Here's another apparently pretty categorically factual statement that I suspect is speculation. You have insight into an instruction from Microgaming's lawyers to NOT pay the players? I would be flabbergasted if this were the case.
"You do not know that this is a fact. Microgaming's spectacular lack of due diligence on Tusk may well be a legal weakness. Do you know for a "fact" that it isn't?"
My guess is, you have never done due diligence on a company and do not know what is involved.You could have the best due diligence team in the world and they could easily miss something IF the targeted company wants to hide something, before and during operations.. Happens all the time in every industry. Various banks/financial companies pulled off a spectacular cover-up of their dodgy doings and dealings which the best auditors in the world did not pick up on until it was too late..

"You're comparing the legitimate business of poker to the illegitimate loss of these players' funds. How is the legitimate analogous with the illegitimate?" You're saying that not me. I don't agree with you. I think you missed the point..!

"You have insight into an instruction from Microgaming's lawyers to NOT pay the players?".
Never said that either. IE: Lawyers instructed MG to NOT pay players. I said the lawyers got involved and since then its in their hands. What they instructed MG to do and not do, I am not party to...

Regarding Microgamings responsibility for player and operator actions: Until any of you see the legal contract signed between operators and MG.. then please refrain from saying I do or do not know what's in them.

I know what's in them, you guys don't. I am also not in the position to divulge legal agreements between us and MG, so don't ask me to. All I can say, as before, is that Microgaming in not responsible (legally) for rogue player and operator actions etc etc. That's all you need to know with regards to saying Microgaming is "responsible" for the TUSK downfall. If Unibet went broke, for whatever reason, why do you guys think Microgaming would compensate Unibet poker players? 100 euros to the man who shows me why Microgaming would be liable.. legally (goodwill does not count).. Lol.. I pointed this out to stop you guys from wasting so much time trying to prove they are responsible. Whether I or you like it, it's a lost cause guys....

To be honest, you guys all have your own opinions which, I or any other so called "Pro" Microgaming operator, are not going to change.

I am simply being pragmatic, pointing out some "facts" which you are all clearly unaware of or are too blinded by your "hatred" of Microgaming to pay attention to and instead have a go at me..!

So, is a bit like being in a dead-end with no reverse.. Totally pointless, waste of time etc etc. We ain't going anywhere...!
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-15-2009 , 10:08 AM
Actually you could change their minds by giving the players their due money.
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04-15-2009 , 10:22 AM
Quote:
Originally Posted by FlyingDutchman
Are you really a Unibet representative?

I waited over a year before I contacted my lawyer in my case against you and still you claim Unibet is keen to sort out players' financial situations?

Ref Accountnr.: 9458764 – 2009-00340

Please explain why you give me so much crap over a problem that couldn't even exist at any other pokerroom.
Hi Mate,

Don't know the details of this.

Send some and I can, at least, try and help you out.

Cheers..
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04-15-2009 , 10:27 AM
Quote:
Originally Posted by HarriSeldon
I feel loyal with the players who lost money in this mess. How could anyone be loyal with the poker companies in this situation? Your post is sickening. And I'm almost certain that players funds are not held in trust at Unibet, so they are not safe in case of insolvency.
I believe it is a condition of EU licensing to hold the players purse in a segregated account.

As for insolvency issues, most of the smaller reputable sites have a lot of transparency of who they are, where they are licensed etc on their websites.

Unibet is a public company, so their financial statements are a matter of public record. After perusing their statements it appears they are a well run company.

In addition, while shareholders can sell at any time, the latest statements indicate that 31.5% of Unibet's shares are held by Swedish financial institutions and 2.5% by the Gov't of Norway. Absolutely no comparison to Tusk who did everything legally possible to hide who they were.
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04-15-2009 , 10:33 AM
Quote:
Originally Posted by bigt2k4
From the liquidator's lawyers off the record: Microgaming have 5x the amount of money than what is laid out in the liquidators report and they are not letting on about it. Microgaming has repeatedly refused to give any information out to the liquidators, but recently the liquidators got a court order for Microgaming to share information with them. The liquidators are pursuing this money and eventually will pursue legal action against Microgaming if they do not release the funds which roughy equates to $4 million (not sure if it is usd or AUS).

As you can see Microgaming is 100% legally responsible and is attempting to scam the players, therefore the odds of them doing the right thing and voluntarily reimbursing the players is 0, but there is good news as Microgaming is filled with idiots and the courts should agree.
"As you can see Microgaming is 100% legally responsible". OK. Maybe all the players should hire you as their lawyer. Clearly you are the man with the legal answers. If you citing "liquidators are pursuing this money and eventually will pursue legal action against Microgaming if they do not release the funds" as your proof then please note. Lawyers have to chase somebody.. MG is the obvious target.

Why would Microgaming "scam" players? Can you explain what they would get out of it?
PS: Microgaming are not going to risk losing their multi billion dollar business over $4m..! A garage or fish and chip shop on the corner might..
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04-15-2009 , 10:56 AM
Quote:
Originally Posted by Floptimistico
"As you can see Microgaming is 100% legally responsible". OK. Maybe all the players should hire you as their lawyer. Clearly you are the man with the legal answers. If you citing "liquidators are pursuing this money and eventually will pursue legal action against Microgaming if they do not release the funds" as your proof then please note. Lawyers have to chase somebody.. MG is the obvious target.

Why would Microgaming "scam" players? Can you explain what they would get out of it?
PS: Microgaming are not going to risk losing their multi billion dollar business over $4m..! A garage or fish and chip shop on the corner might..
we had millions of dollars stolen between us ($215k myself). The fact of the matter is, microgaming has left us completely in the dark and on our own since this whole thing went down. They've handled the situation poorly and it's us, the players (and the skin owners), that are the only ultimate losers. Clearly, $4 million is worth risking the business over since they haven't done **** since this whole thing went down.

I'm sorry your business is getting carried through the mud, but your issue should not be with those who have had money stolen from them (and rightfully are vocal about it), but microgaming for letting this happen. maybe it's time to switch to a better network. Or, maybe you could tell your microgaming rep a thing or two about this situation and how it's negatively effecting your business. Maybe they will listen to you, because it sure seems like they haven't listened to anything from us.

maybe they are not legally responsible, i don't know, but without microgaming, there is no tusk and there is no money stolen.

Last edited by skier_5; 04-15-2009 at 11:19 AM.
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04-15-2009 , 11:25 AM
This arrogant Floptimistico guy is tilting me. I remember now that I was somewhat acquainted with the founder and still one of the major Unibet shareholders. We were colleques on the same swedish newspaper back in the 90's. I'll try to contact him and ask for his opinion on the Tusk affair and the loyal co-worker Floptimisticos efforts in this thread. I believe he is hurting Microgaming and Unibet with his BS posts in this thread.
I will also ask him if he can bring up the Tusk affair with MG representatives. This guy is loaded and a big gambler himself and is probably feeling empathic with the affected players. This is a long shot, I know, but the situation is desperate. We should fight with all the means at our disposal.
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04-15-2009 , 11:27 AM
Quote:
Originally Posted by acethiest
I'm confused first you tell us the poker industry is dog eat dog and microgaming has every right to screw over their loyal players (I've paid them thousands in rake (not including my share of rake to my skin or TUSK).

So you are suggesting to us to be loyal? WTF is that? How would trying to be loyal accomplish anything. I've had 5 figures STOLEN from me, and no one gives a **** except my fellow players who have also had their money stolen. And your suggestion to us is to try and be loyal? Are you this clueless or are you just trying to put me on tilt? I mean seriously you ask us to be loyal... we are the one's who have been left in the dark by everyone. MGS has offered us no help what so ever, never gave us details about tusk or even offered to help us prove our existing balances.

Seriously... I am so tilted...
Hi Mate,

I refer back to an original comment of mine regarding this mess and why Tusk went bust.

I was referring the fact that amongst TUSK/White Label skin players there was little to no loyalty with the room they were playing. Everyone was backstabbing each other for greater rakeback and bonuses etc (is understandable.. we all want to make money). It was this lust (skins and players are both culpable here) that drove them to undercut each other (skins), offer such high rakeback and bonuses etc which essentially they could not afford and thus ran out of cash and subsequently drove themselves out of business. If there was some loyalty amongst those players and skins (to each other) then the whole rakeback mess would not have occurred. Pretty simple really.
Am not saying you are not loyal to your fellow players, I have been a player for over 15 years and have full sympathy.. To lose any money in this fashion is horrendous. Just highlighting essentially was the catalyst for the downfall of TUSK etc. How else do you think they went bust?

Incidentally, Unibet players are very loyal..! Awesome customer base to have..!! Something we are very proud of..!!
Microgaming poker scandal: licensee in liquidation, and poker players abandoned and owed .3M Quote
04-15-2009 , 11:36 AM
Quote:
Originally Posted by Floptimistico
Hi Mate,

I refer back to an original comment of mine regarding this mess and why Tusk went bust.

I was referring the fact that amongst TUSK/White Label skin players there was little to no loyalty with the room they were playing. Everyone was backstabbing each other for greater rakeback and bonuses etc (is understandable.. we all want to make money). It was this lust (skins and players are both culpable here) that drove them to undercut each other (skins), offer such high rakeback and bonuses etc which essentially they could not afford and thus ran out of cash and subsequently drove themselves out of business. If there was some loyalty amongst those players and skins (to each other) then the whole rakeback mess would not have occurred. Pretty simple really.
Am not saying you are not loyal to your fellow players, I have been a player for over 15 years and have full sympathy.. To lose any money in this fashion is horrendous. Just highlighting essentially was the catalyst for the downfall of TUSK etc. How else do you think they went bust?

Incidentally, Unibet players are very loyal..! Awesome customer base to have..!! Something we are very proud of..!!
Believe it or not this is pretty much what I thought you meant... that the players deserved it. As I have mentioned before other skins were happy to see TUSK go bust/kicked off the network as they were upset with players being stolen. From a skin owners perspective I understand the anger there.

BTW I have already mentioned rakeback was not responsible for them going bust (skin owners get 65%) the rest going to TUSK and MGS. If you have evidence of rakeback being responsible for them going bust I would like to hear it. MGS and other skins certainly wanted them kicked off for rakeback violations (BTW I had no idea they offered more than 30%) but there is no evidence that rakeback was responsible to them losing money. The other reason that I mentioned is that MGS was happy to get rid of TUSK as they leaked money from the network (cash flow leaving in withdrawls was much more than what was deposited). TUSK players were the best on the network (on average) and were made up of mostly grinders with few recreational players .

In short whether skin owners gave 0 or 65% rakeback TUSK took their 17% cut (I may be off my a few percentage points as I don;t have the numbers with me at moment). In no way should rakeback have affected what TUSK took in. If I am wrong I'll be happy to aknowledge it.
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