Online Casino Transfer: News - Money Gaming Absorbed

01/26/2010		Online Casino Style: News Money Gaming Absorbed
Home History Games News Dictionary		For those affected by the fall of the online skill gaming website Money Gaming.com, a happy solution has been made through a partnership with a much stronger internet gambling group. According to recent reports, the website has since been acquired and absorbed into the ownership and operatorship of Game Account Network, a firm based out of Europe, which specializes in both online and person-to-person skill based gaming software, catering particularly to the European online casino market. The acquisition means that players affected by the recent suspension of activity on Money Gaming’s site will be able to resume game play, with their account balances uninterrupted. The liquidation processes begun in the latter part of 2009 will continue for Money Gaming Corporation Limited, with all of the firm’s assets being transferred to new ownership. Players will enjoy reentry rights to the site beginning the 19th of January, 2010, opening back up favorite skill game such as gin rummy, solitaire, and backgammon to online gamblers looking to diversify their play. The purchase marks the third such for Game Account, which also rescued the casual games website Treasure games.com in 2005, and then Games Grid.com in 2008. All of the players will now find themselves responsible to the UK gaming license, following regulation rules laid out by the UK Gambling Commission which applies to all of Game Accounts’ internet casinos. “In acquiring the MoneyGaming.com assets we are rescuing a community of international players and giving them a safe and financially stable UK-licensed place to continue playing online skill games for real money competition,” comments Dermot Smurfit, COO GameAccount Network. “GameAccount Network is now an established acquirer of online gaming assets with a strong tier-one operating licence in the UK and market-leading skill gaming software. We welcome all players from MoneyGaming.com as new members of the GameAccount Network.” Kevin Dale, the CEO for Game Account supplemented Smurfit’s statement, inviting other struggling internet gambling sites to apply for a deal, stating that the GA network could very well be a welcome, “safe home” for small scale operators.

01/26/2010

Online Casino Style: News
Money Gaming Absorbed

For those affected by the fall of the online skill gaming website Money Gaming.com, a happy solution has been made through a partnership with a much stronger internet gambling group. According to recent reports, the website has since been acquired and absorbed into the ownership and operatorship of Game Account Network, a firm based out of Europe, which specializes in both online and person-to-person skill based gaming software, catering particularly to the European online casino market.

The acquisition means that players affected by the recent suspension of activity on Money Gaming’s site will be able to resume game play, with their account balances uninterrupted. The liquidation processes begun in the latter part of 2009 will continue for Money Gaming Corporation Limited, with all of the firm’s assets being transferred to new ownership. Players will enjoy reentry rights to the site beginning the 19th of January, 2010, opening back up favorite skill game such as gin rummy, solitaire, and backgammon to online gamblers looking to diversify their play.

The purchase marks the third such for Game Account, which also rescued the casual games website Treasure games.com in 2005, and then Games Grid.com in 2008. All of the players will now find themselves responsible to the UK gaming license, following regulation rules laid out by the UK Gambling Commission which applies to all of Game Accounts’ internet casinos.

“In acquiring the MoneyGaming.com assets we are rescuing a community of international players and giving them a safe and financially stable UK-licensed place to continue playing online skill games for real money competition,” comments Dermot Smurfit, COO GameAccount Network. “GameAccount Network is now an established acquirer of online gaming assets with a strong tier-one operating licence in the UK and market-leading skill gaming software. We welcome all players from MoneyGaming.com as new members of the GameAccount Network.”

Kevin Dale, the CEO for Game Account supplemented Smurfit’s statement, inviting other struggling internet gambling sites to apply for a deal, stating that the GA network could very well be a welcome, “safe home” for small scale operators.