Casino Action Group / Ecogra / Microgaming License Etc

Sorry for hijacking this post

Dear all,

The latest information regarding these 6 casinos is that they will be taken under the wing of Casino Rewards. The expected date for the completion of everything so that they can re-open the casinos is 25th March 2008.

The following is a quote of information released by Rewards Affiliates (the affiliate company of Casino Rewards).

that is why my page in banking section were blank to I was wondering what was going on why I couldn' make a purchase

Hopefully it won't be too long before Casino Action is back up and running.
As they are in my opinion are one of the best groups out there.

It looks like they lost their E-cogra seal, I was reading on the ecogra website and it looks like there were some issues. I sent a message to the forum to find out what's up. All live support for Casino Action is down. Hopefully this is something that will be resolved quickly; I will be very sad if the don't reopen.

Hi there,

Rather than add to any 'rumors' I prefer to wait for the FACTS and I am holding judgement on this one and as far as I'm aware (with reassurances from my personal contacts at the casino), this is administrative issues which I hope to see resolved over the next few weeks but until something definite and official about the casinos (rather than their owning company) is posted then we are continuing 'as usual' with Casino Action. There are many possibilities and I don't want to add to the confusion so I would suggest that you also wait until formal messages are given)

I feel it sensible to LOCK THIS TOPIC (and PLEASE don't go posting loads more)... because until more FACTS appear, from experience - all the speculation that goes on from those that are 'in the know' or sometimes just llike to think or act as if they are.. it only serves to confuse / worry / make bad something which , purely be taken out of context (i.e. not knowing the whole story), could be just a normal business operation.

I would suspect after these posts have been made, support are getting hammered.

The only FACT I have seen so far is about Microgaming taking away the license from Tusk, and whilst that MAY BE something to be concerned about - my opinion (and therefore that of 'this forum owner') is to give them a bit of space to sort out and see what the options are / see if they have a plan which just hasn't come out / whatever.. but I wouldn't worry unnecessarily until we know anything definite

This topic is now closed and I would appreciate no more posting about this for now .. It is clear here already what the FACTS are so far.. so let's leave it there and I'll keep you posted as soon as I hear anything more from those at Casino Action / Microgaming or eCOGRA only.

That said, I can understand if players at these casinos would not want to deposit money further at the moment, awaiting these facts... Apparently it appears that the banking is not available anyway.. at least until we know what is happening and what will happen in the near future.

Cheers,
Geno/CC

Dear all,

I have just read the following information from a very reliable source (via CAP where many Casino Affiliates share information and much about the news in this business is heard first)...

Obviously we will need to wait to see the full outcome of this and impact on our Slots Tourney.

I can say with 99.9% certainty now that any prizes due from this contest will NOT be paid out by Casino Action (because the accounts will most likely be frozen and 'bonuses' (which these effectively are when credited), would not be taken into consideration.

I am fairly sure that any winnings pending to players will be paid but it is really early days so as I'm sure you will appreciate for such shocking news to such a great group, it may take time to see this decision and any payments to be made.

From our point of view, we (the 'affiliate in this case) are unlikely to be paid by Casino Action for our advertising of them, HOWEVER - it is out intention to ensure that participants in our Slots Tourney for Feb 2008, will be paid prizes (as per the scores we have - still showing in the Tourney window - copied and pasted already just in case that goes ).

The value of these prizes may be different from those proposed but we really will have to see what we can afford to pay, bearing in mind we will not be receiving the money from them ourselves.

At the moment, I can't offer answers to any further questions on this very sudden and shocking news until more (official / credible) information is available and I don't like to speculate too much - rather wait until all the facts are available and then judge it from there.

Thank you all for your support and your understanding in this matter.

All Casino Action advertising will be removed gradually over the next week or so, but players will find they cannot register or anything anyway so there is no harm done by having banners showing here and there.

Best regards and Happy Gaming Always,

Geno/CC

_________________

(topic is now unlocked for comments but PLEASE keep them SENSIBLE AND CONSTRUCTIVE)

I couldnt believe this when I read it. Casino Action are one of the best on the net and certainly my favourite.
If this is something that they can sort out I am sure they will do.

Still in shock but thinking positive.
Thanks Geno for the updates much appreciated hun

can I ask the stupid question? who are the casino action group?

I mean, what casinos does this include?

Its not a stupid question hun many people do not know the names of the groups when classed that way.

The ones in the Casino Action Group are:
UK Casino Club
Golden Reef
Musichall
Nostalgia
Challenge
iBig

Hope this helps. lol

I still can't believe that this has happened with this group but after speaking to JTodd and asking him if he thought there was any chance they would recover and get back into business, this was his reply to me.

Unfortunatly I have been waiting for this for the past several days. A few of my friends deep in the industry tells me that they are several million dollars in debt.

It's my information that they received a buy out offer that would have allowed them to stay in business by covering 80% of their debt, but they wouldn't give up 80% of the company and the offer was turned down... they insisted on a 50 / 50 split and that killed it.

I sent them an email earlier today which has not been replied to by my contacts there. I don't know if they will be able to reply... they may have had to clean out their desks and go.

It's sad. Casino Profit Share was such a strong and profitable program just two years ago, and now... *POOF!* They lost many great and key personelle, and that didn't help either.

So sorry Crushers it doesn't look good.

thanks for responding...it is sad when a company puts themselves out of business...

yea it is sad, uk casino was one of the 1st online casinos that I signed up and deposited with many moons ago, and with the slot tourney casino action and crush was running for these past few months, I really enjoyed playing and then receiving my bonus at the beginning of these past few months. It's too bad that things couldn't be resolved, and I hope that maybe they will be able to restructure and reorganize and be back to business as usual A.S.A.P.

wow golden reef was my favorite, i sure hope they can work it out. so they lost their egogra seal because of being in debt??? is that what i am understanding? omg what a shame. i hope to see they have opened again soon. i was wondering why evrytime time i tried to reinstall it the login wouldnt let me log in.


well good luck casino action
pevangel

so sorry for my spelling i meant ecogra seal. lol

pevangel