Sunny Group and Togel Hongkong Microgaming in Bitter Dispute
Sunny Group and Microgaming, long-time partners in the online casino business, are now locked in a bitter dispute that could lead to legal action. Sunny Group, a Caribbean company, operates Casino Fortune, Miami Beach Casino, Mapau Casino and Flash Casino Fortune online casinos. Microgaming is one of the leading providers of Internet casino software.
In the first of two press releases issued this week detailing their complaints against Microgaming, Sunny Group said they discontinued using Microgaming software because they suspected that Microgaming's "percentages" were not fair in recent months.
Microgaming countered that they terminated the software licence agreement with Sunny Group because Sunny Group had not been settling its outstanding licensing fees for some time and its current licensing fees were severely in arrears.
In their most recent press release issued late last night, Sunny Group said they were physically denied access to the Casino Fortune, Mapau Casino and Miami Beach Casino servers by security staff of Mohawk Internet Technologies (MIT) on the Kahnawake Reserve in Canada. Sunny Group called MIT "a biased jurisdiction that operates as an agent for Microgaming" and described the incident as "a blatant sabotage by Microgaming and MIT, which will undoubtedly cost the Sunny Group millions of dollars."
"Microgaming continues to withhold the customer balances and that they have blatantly acknowledged this to the world in a press release dated March 27, 2002. This has caused Casino Fortune to lose a lot of business because some customers are blaming us for their balances seeming to disappear."
On Wednesday Microgaming offered their assurance that they are doing everything possible to assist the Sunny Group of casinos to finalise its data so that it can pay out its players.
Speakers Announced for iGamingWorld
BOSTON - Boston Media announced today its featured speakers scheduled to present at iGamingWord 2002. Bill Hornbuckle, President and COO of MGM MIRAGE Online and Marc Falcone, Managing Director at Bear Stearns will individually address iGamingWorld attendees about the future impact of marketing to the online gaming industry.
MGM MIRAGE (MGG: NYSE) is an entertainment, hotel and gaming company headquartered in Las Vegas and last September was the first U.S. casino company granted an Internet gaming license for the Isle of Mann, an autonomous British crown dependency.
"MGM MIRAGE is a premier brand in the Togel Hongkong gaming industry," said Hornbuckle. "I am looking forward to our future online success and the opportunity to speak at iGamingWorld."
Marc Falcone, New York-based Managing Director of the Bear Stearns' Gaming and Leisure Equity Research teams, will discuss the results of his firm's ongoing industry studies, which have been conducted over the course of the past several years. In addition, he will elaborate on what the outcome of his industry findings mean to the future marketing strategies of online gaming ventures.
"iGamingWorld will be an ideal venue for Bear Stearns to really articulate what we believe are the key growth drivers of this industry over the next several years," Mr. Falcone said. "Understanding the outlook of the e-gaming industry is a key factor in the timely execution of strategic marketing initiatives," he added.
"The iGamingWorld conference program will detail the best marketing strategies and techniques for the online gaming industry. These topics will include the latest marketing strategies to drive players to online gaming ventures and keep them going back for more," said Jessica Benoit, Conference Manager for iGamingWorld.
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