ISLE OF MAN – Further to the press statement of Friday 15 July 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.