Microgaming Rebuffs 5050 Poker

This story was published more than 11 years ago.

Online poker software provider the Microgaming Poker Network has released a statement rebuffing the claims made against it by 5050 Poker Holding AB earlier in the week.

The statement clarifies that no fines were imposed on 5050 Poker, but a "Rake Reconciliation" was. The rake reconciliation was a system of reallocating funds between operators and corrects the imbalance that occurs in a poker network ecosystem when the rake is the only valuation metric. Microgaming stated that the reallocation only occurs between poker operators in an account that does not hold player balances.

Microgaming also shot back against 5050 Poker's allegation that the company imposed multiple table restrictions without warning. Microgaming claimed that all operators within the network were informed of the new rule on May 4th, 2012. The rule was revealed to say "that the number of simultaneous tables a single player may play on an operator may be temporarily reduced for the betterment of the network ecology".

The rule was put into effect in June. 5050 Poker started having issues shortly thereafter.