Microgaming terminates 5050Poker contract
Microgaming has terminated its contract with 5050 Poker after failing to reach an agreement over the implementation of new player regulations.
Following a suspension of activity last week, 5050 Poker said that it had been ‘unfairly targeted’ by the Isle of Man supplier, claiming that the change in its network rules meant a decline in player activity.
A statement from 5050 Poker said: “The result [of the changes] is that our players are limited to being able to play at most two poker tables against the previous 10 tables. This rule affects primarily only a few gaming operators in the poker network and the company believes that the measure is yet another example of several discriminatory measures taken by Microgaming in order to get rid of unwanted gaming operators (whose players mostly belong to the category winning players).”
“We believe that this act of Microgaming is a clear illegality of discrimination. The subsidiary exploring ways to take action to curb the rule change.”
Today, Microgaming suspended the licence as 5050 Poker refused to redress the contract and the company claims they had ‘no choice’ but to revoke the licence.
In a statement issued this morning, Microgaming said, “The decision was taken after giving 5050Poker Ltd over a week to redress a material breach of their contract, being the non-payment of monies owed to cure their overdrawn network clearing account. Although 5050Poker Limited was given the opportunity to rectify the breach so that the suspension could be lifted, they have failed to respond.”