Microgaming Terminates Contract with 5050Poker: Issues Statement

As Gambling911.com reported last week, 5050Poker and Microgaming have severed ties, yet oddly enough the 5050Poker site remains up and running with the Microgaming logo appearing at the bottom.  

5050Poker cited a network policy change limiting two tables per player for the shutdown.   5050 Poker is claiming “discrimination”, suggesting the rule change only applies to certain skins.  Indeed, some other Microgaming skins do not have “ 2-table cap” (i.e. Ladbrokes).   

On Tuesday, Microgaming confirmed the termination of its contract with 5050Poker, issuing the following statement: 

Further to the press statement of Friday 15 June 2012 on the suspension of game play for 5050Poker Ltd, the Microgaming Poker  Network regrets to announce that it has terminated its contract with 5050Poker  Ltd, with immediate effect.

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.  As such the Microgaming Poker Network  had no choice but to terminate the contract.

There will be no further comment at this time.

Gambling911.com will continue to monitor any further developments.

- Jagajeet Chiba, Gambling911.com