Quote from Morris Mohawk Gaming Group
July 31, 2008
Posted by NewsBug in : General , add a comment
In response to the article here is a Quote from Mohawk Gaming:
An article was recently released on Forbes.com that creates several misimpressions that the Morris Mohawk Gaming Group feels compelled to clarify for our customers.
As most of our customers already know, all operators outsource payment processing functions to third parties and these payment processors are subject to regulatory constraints wherever they operate, and, occasionally in the US, are subject to legal action because of the uncertain legal environment there.
However, the seizure of funds from these US payment processors was mischaracterized in this article, which refers to two specific legal cases against US processors. Rightly or wrongly, the article does not make a clear distinction between these cases, which, as a result, paints a misleading picture.
The facts are these: the first of these cases – relating to a seizure of funds from a processor known as JBL Services – happened some time ago and has absolutely nothing to do with the current payment processing challenges being experienced in the US. The constraints being experienced by payment processors in the US are universal in that region and not specific to any particular processor or site. Also, note that not one single player failed to get paid when this processor was disrupted.
The second case refers to a payment processor known as Zippayments.com and seizure of funds from this processor’s bank accounts in Nevada. The article falsely implies – but notably does not go so far as to state – that $9.9M seized from Zippayment’s Nevada bank accounts were funds on account for “Bodog”. This is simply false.
Processing partners with whom the Morris Mohawk Gaming Group does business are sophisticated organizations that are perfectly clear as to the actual facts of these cases and their contexts. They are unfazed by such media hype and Morris Mohawk wishes to ensure that its customers are similarly informed. Customer deposits are safe and every player has and will always be paid.
Alwyn Morris
C.E.O.
Morris Mohawk Gaming Group
Feds Has Bodog by The Tail!!
July 31, 2008
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According to Forbes the US Government has seized $24 Million dollars, from bank accounts that are linked to Bodog, and Calvin Ayre.
The Federal findings clearly states that a serious criminal investigation of Bodog , in it’s entirety is on the move. In the article you will find below says that the US Attorney’s Office in Baltimore filed the lawsuits to seize the money at Wachovia, Bank of America, SunTrust Banks and Regions Bank.
According to the article the Investigation started looking at Bodog back in 2003, and made that investigation formal in 2006.
Bodog’s founder Calvin Ayre, a Canadian tycoon, says he is not on the run, but no one seems can find him. The question is, is he on the run or just avoiding the press? He licensed full control of Bodog to Morris Mohawk Gaming in the Kahnawake Mohawk Territory of Canada in September of 2007, stating” It’s true: I’m packing it in.”
An interview in 2006 with Forbes, Ayre said. “One of the things that drive me is the excitement that I could fail. What better buzz can you get?”
For the full article:
Online Poker Sites Have Checks Bouncing?
July 29, 2008
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The answer to that question is YES! Several online poker sites has checks bouncing, especially ones from ZIP Payments, where most are coming from, according to Gambling911.
Some online poker sites were forced to use the services from shady type processing centers after the UIGEA (Unlawful Internet Gaming Enforcement Act) that was passed in 2006.
A lot of the online poker rooms that sent these checks, unknowingly, have started sending out new checks to the customers that received the bad ones. They are also reimbursing the insufficient funds bank charges if they received any. They are even adding bonuses to the affected accounts.
We are waiting to see if all the poker sites affected will do the same!
One customer at one of these sites had this to say at the CasinoMeister.com forum:
“Well ***** did send me another check by Fed Ex. and they said on the phone it was good because i called and asked them. My bank charged me 32 dollars for each of my bounced checks equaling a total of 7. I called ***** for my 240 dollars they owed me for bounced checks and security said if i send them the paperwork with my banking history proving that indeed i did have 7 bounced checks then they would cover it. well I did as they asked and i got a email from security at ***** and they had credited my casino account with 198.00.”
Gambling911.com adheres to a strict policy of not naming online betting firms affected by payment processing issues.
We hope all the affected sites will follow through and make all their customers happy after this event that could affect a lot of players, and their reputations!
Ultimate Bet and Absolute Poker Form Cereus Poker Network
July 26, 2008
Posted by NewsBug in : General , 1 comment so far
You never know what will happen in this business. It is always interesting to see what comes next.
With all the controversy and player decline, Absolute Poker and Ultimate Bet have joined to form the Cereus Poker Network! They hope to become the largest poker network by pooling together their customers, in hopes to compete with the other large poker sites, such as iPoker Network and Pokerstars and Full Tilt Poker.
Read it all:
http://gamingintelligencegroup.com/gig/content/view/1224/2/
Stay informed and up to date on the happenings in this industry. We try to keep all updates and keep all you players informed!
