Further to the press statement of Friday, June 15, on the suspension of game play for 5050Poker Ltd, the Microgaming Poker Network has terminated its contract with 5050Poker with immediate effect.
The decision was taken after giving 5050Poker Ltd over a week to redress a material breach of its contract, being the non-payment of monies owed to cure its overdrawn network clearing account.
Although 5050Poker was given the opportunity to rectify the breach so that the suspension could be lifted, it has failed to respond.
The Microgaming Poker Network had no choice but to terminate the contract.
