Online Poker Newsbites: Melita Network Loses LGA License, VictoryPoker Moves Players to Cake, Tzvetkoff Likely to Face Charges in Native Australia

This week’s newsbites:

  • The Malta Lotteries and Gaming Authority announced they have suspended the gaming licenses of the Melita Gaming Network and its TrueMoneyGames skin. Players with unpaid balances are to contact the LGA here to file a claim to recover funds. Another skin on the Melita Network, PlayWSOB, issued a statement reporting that the network went broke and players have to contact the LGA about their funds.
  • VictoryPoker sent an email to customers notifying them that they will be migrated, along with their rewards, to CakePoker on June 1st. Victory will now become an affiliate site for Cake Poker.
  • PowerPoker.com, BetUS.com, SportsInteraction.com and BestCasinoPartner.com have decided to stop allowing new new accounts from US customers.
  • Nevada-based slots manufacturer, IGT (International Game Technology) is set to purchase Swedish publicly-traded Entraction Holding AB (home to the Entraction poker network and software) for $115M through their Swedish subsidiary Eagle One AB.
  • Payment Processor Intabill’s founder Daniel Tzvetkoff, whose snitching led to the Black Friday indictments, is likely to face serious charges and jail time if he ever returns to his native Australia. The Australian Securities & Investments Commission (ASIC) has been investigating Tzvetkoff and BT Projects, the Australian subsidiary of Intabill, over fraud and falsification of books. The investigation launched after Tzvetkoff’s former business partner Salvatore “Sam” Sciacca sued him for $100 million
  • Minted Poker has stopped taking new French players, and moved their domain to .eu. Pokerview and RPMpoker also moved to .eu.
  • A settings error, after our name change from Fifth Street Journal, that led to intermittent problems reaching Online Poker Insiders without the www in front of its URL has been fixed.
  • John Delaney, founder and CEO of InTrade.com, the leading online prediction market, died May 24th trying to climb Mount Everest. The InTrade statement says, “It is our goal to give his memory one of those wishes and will do all we can to ensure Intrade’s continued success.”
  • OPI research turned up an article from September 2009 about US attorney Rod Rosenstein announcing that the Maryland office of the DOJ had setup up the Assets Forfeiture and Financial Crimes task force, and joined forces with the US Attorney Office out of NY, Louisiana State Police, and the US Customs Office to eradicate online gambling. They focused on eCheck and Credit Card payment processors.

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July 20th, 2011  in Gambling Advisor No Comments »

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