Microgaming has terminated its contract with 5050 Poker just 12 days after suspending the skin for “material breach of its contract.”
The network said in a press release that it allowed 5050 Poker plenty of time to address and rectify the reason for the suspension, namely, “the non-payment of monies owed to cure their overdrawn network clearing account.” Citing 5050 Poker’s failure to act on the matter, Microgaming “had no choice but to terminate the contract.”
5050 Poker has accused the network of discrimination in a recent policy change that limited players from certain skins being allowed to play only a maximum of two tables. The table capping policy is intended to prohibit some skins from cannibalizing players from other sites on the network. 5050 Poker has cried foul, claiming that major skins on the network such as StanJames and Ladbrokes are not subject to the table capping.
5050 Poker has threatened legal action against the network, citing “unethical conduct,” saying that it cannot operate properly and in a businesslike fashion due to Microgaming’s discriminatory policy change that caused “major negative economic consequences.”
Recent reports indicate that 5050 Poker may be in severe financial distress and may be forced to liquidate its assets, causing yet another poker room to be unable to pay its players. The list continues to grow, as players at 5050 Poker may soon fall in line behind Full Tilt, Absolute Poker, Ultimate Bet, Purple Lounge and Everleaf in poker sites that have issues in paying back players.