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Online Casino Liquidation Iminent

Microgaming has released an update on the status of one of the company’s previous software licensees. The Tusk Investment group licensed the Microgaming online casinos gambling platform for its sites which operated largely for the Australian and European gaming markets. Tusk was considered a top company until just recently when the company abruptly announced an impending liquidation – a surprise to the company’s online casinos and poker players. At the point that Tusk announced liquidation plans, Microgaming suspended the group’s license and further announced to the internet gaming community Tusk’s liquidation plans.

A core problem that many online casinos gamblers have with the Tusk gambling group is the lack of communication. Although the company communicated the liquidation plans to Microgaming, weeks have gone by without word from the group about the liquidation is proceeding. Microgaming though just this week released an update on the Tusk situation, noting in the press release “that a liquidator has been appointed by Tusk Investments Corporation.”

But though the Tusk online casinos gambling group has chosen a liquidator, the online casinos gambling company must go through a second step before the liquidator is officially chosen. The Microgaming press release noted that “the appointment is subject to ratification by the regulatory authorities of Vanuatu – the jurisdiction in which Tusk is incorporated.” The release continued, “As yet, Microgaming has not been informed how long this ratification process will take, but it will provide additional updates on the situation as and when information becomes available."

Tusk operated dozens of online casinos gambling sites that are all affected by the liquidation – no word on how that will proceed in regards to player accounts.