Eurolinx Gone Into Liquidation

Luckycharms_74

Hi All

Just read that Eurolinx has gone into liquidation. Anyone on boards play on that site.

http://www.eurolinx.com/

AdMMM

Valor plays there, according to a blog of his. I really wouldn't trust any Microgaming skin these days, other than Ladbrokes.

BigCityBanker

ah yeah. I dont really get the level of surprise. Skins who run unsustainable rakeback schemes are only ever on the road to busto. more will follow, dont be surprised when it happens.

cooker3

Yeah big thread on 2+2 about it. Seems there is over a million in player deposits which are gone. Durr lost just under 200k and WiltonTilt from DC lost 250k.

carfax

cooker3 wrote: »

Yeah big thread on 2+2 about it. Seems there is over a million in player deposits which are gone. Durr lost just under 200k and WiltonTilt from DC lost 250k.

If half of their turnover was based on two players then I can't understand how they lasted so long.

digiman

BigCityBanker wrote: »

ah yeah. I dont really get the level of surprise. Skins who run unsustainable rakeback schemes are only ever on the road to busto. more will follow, dont be surprised when it happens.

QFT, trustworthy site is worth a lot more than a few extra % of rakeback.

ianmc38

100%. I've made the decision to scrap all Microgaming rooms from my sites except for Ladbrokes and Unibet. Too many affiliates are promoting the likes of Eurolinx and washing their hands of any accountability when the sites go busto. Microgaming have proved in the past and once again now that they are a shady, unreliable company. They care more about their casino businesses than their poker sites and the way the poker business is operated is imo unethical at best. If you play on some random pos Microgaming skin where you get 50% rakeback, then I'd recommend taking your money and moving it over to Unibet or Laddies. What's more, the games are softer on those sites too.

pgodkin

this is the same poker network that this "cool hand Poker" is on? what the set up with these is micro gaming just a network like ipoker so regardless of what skin your playin your still playin the same game???

Mullicker

Are the smaller skins on other networks likely to be as shady? i.e. some of the smaller skins on iPoker, Cake, and Ongame?

Chucky the tree

Surprised they lasted this long. I was about to desposit at the start of august to take advantage of a $1k reload bonus(they planned that one perfectly) but I saw the thread on 2+2 about withdrawl issues and gave it a wide berth then.

Mullicker wrote: »

Are the smaller skins on other networks likely to be as shady? i.e. some of the smaller skins on iPoker, Cake, and Ongame?

Personally I avoid small networks who claim to pay ridic large RB %, if it's to good to be true it usually is. I'll deposit the minimum amount to avail of a bonus or so but I'd never but more then 10 buy-ins on a site. For Ipoker you can get 50%+ rakeback on big sites like VC & betfred who are very unlikely to go bust because they have a big bookies behind it. Similiar with Boyles and PP who would be safe as houses(<- probably a bad term to use now in todays climate ). I definitely wouldn't trust a small site on Ongame, since the update

http://www.pokerscout.com/SiteDetail.aspx?site=Ongame&ab=63076295

look at the last 6months, it's taken a battering player number wise because they made a real balls of their software update. Numbers have been slowly improving but if you're on a small site they could easily struggle to keep afloat, especially if there giving out 60% rakeback which is common on Ongame.

ianmc38

The biggest issue with these small sites is liquidity. When you take away the affiliate payments, processing fees - deposits/withdrawals/charge backs, maintenance costs, staff payment, network cuts etc, these sites are often being left with less than 5% for themselves and in some cases nothing at all. There are a few sites who have huge non poker dependant brands behind them who can profitability give out these deals as they are carefully managed and a number of high value players supplement the huge amounts of droolers already on the sites.

Just be careful where you put your money these days. With Strykke on Ongame, Cardspike on Cake and now Eurolinx on Microgaming, it's time to start being abit more shrewd and sticking with reputable sites and brands when you're playing poker on the bigger networks. And as for Microgaming, just avoid any site but the big 2 imo.

Grafter

Linx Media was owned by Jo Remme, who is understood to be a Norwegian also known as Jo Arild Remme. He is also alleged to have been involved in scams in Norway including a pyramid scheme with more than a thousand members, and a company called Arctic Uni that claimed to be able to provide sea urchin semen to breeders

valor

Solid 12k down the drain

ianmc38

valor wrote: »

Solid 12k down the drain

Sick!