The Australian based Tusk Investment Corporation Limiteds recent announcement of pending liquidation has caused Microgaming to pull out of the company. They have chosen to terminate their license with the online gambling company.
Once the announcement was made of the impending liquidation, Microgaming released a statement of their own where they said that they are terminating their software license with the company with immediate effect. They went on to say that they are gathering all facts related to this matter and will provide further announcements as and when information becomes available.”
All of this comes quick on the heels of the announcement by eCOGRA regarding the accreditation of the online casino. The independent player protection company for the online gambling industry had pulled their ‘Safe and Fair’ accreditation from the company after they supposedly failed their routine review.
Many times when this happens, Microgaming will set up a Player’s Trust Arrangement, where they make sure that anyone that has money in their account that they have not used gets refunded back to them. As this is fairly standard practice for Microgaming, many are assuming that they will do it again.
Tusk ran some of the biggest online casinos out there. They had Big Casino, Golden Reef Casino, Euro Poker Dream, Grand Central Poker, Hot Pepper Poker, Poker Sweden and UK Casino Club.
Many people do not know that Alderney is an island in the English Channel. For those that do know, they are probably familiar with the online gambling industry and winward casino as well, for this is where the island has set its sights. They are working to change the way that the online gambling industry is seen, and with their new regulations they are off to a great start.
The island is planning on providing a Ѕrespectable, reliable regulatory frameworkпїЅ for all online gambling companies that wish to do business with them. They are going to have regulations for provisions for different aspects of the online gambling industry such as uncontrolled premises, an Anti-Money Laundering Code, and internal control system and an office just to handle customer complaints.
Their new Alderney eGambling Ordinance has streamlined the licensing process already, and allows operators to set up mirrored sites in their country under a Reduced Activity License. They have already issued 24 interactive online gambling licenses.
They are working hard to take their places among the large number of arenas as they relate to online gambling. They have decided that a free market approach to online gambling would suit them best. Now licensees in this jurisdiction can accepts bets from players around the world.
Before they had much more control over everything, with several ordinances dictating what would be handled and how. Now they only have one ordinance which has made things much easier for everyone involved.