Bodog CEO
Responds to Forbes.com Article
July 31 - Launched a few years ago by Canadian entrepreneur,
Calvin Ayre, Bodog is one of the planet's most popular
and probably best known online casinos because it has spent its
fair share of time in the spotlight, most recently when an
article on Bodog (Bodog Life) appeared on Forbes.com.
As a result, the CEO of Morris Mohawk Gaming Group (Bodog Life),
Alwyn Morris, issued a statement this week to address certain
aspects of the Forbes story he felt to be inaccurate and untrue
concerning Bodog and the seizure of funds from U.S. payment
processors. Here is his response in full:
A recent article appeared on Forbes.com that creates several
misimpression's that the Morris Mohawk Gaming Group feels
compelled to clarify for our customers.
As most of our customers already know, all operators outsource
payment processing functions to third parties and these payment
processors are subject to regulatory constraints wherever they
operate, and, occasionally in the US, are subject to legal
action because of the uncertain legal environment there.
However, the seizure of funds from these US payment processors
was mischaracterized in this article, which refers to two
specific legal cases against US processors. Rightly or wrongly,
the article does not make a clear distinction between these
cases, which, as a result, paints a misleading picture.
The facts are these: the first of these cases - relating to a
seizure of funds from a processor known as JBL Services -
happened some time ago and has absolutely nothing to do with the
current payment processing challenges being experienced in the
US.
The constraints being experienced by payment processors in the
US are universal in that region and not specific to any
particular processor or site. Also, note that not one single
player failed to get paid when this processor was disrupted.
The second case refers to a payment processor known as
Zippayments.com and seizure of funds from this processor's bank
accounts in Nevada. The article falsely implies - but notably
does not go so far as to state - that $9.9M seized from
Zippayment's Nevada bank accounts were funds on account for 'Bodog'.
This is simply false.
Processing partners with whom the Morris Mohawk Gaming Group
does business are sophisticated organizations that are perfectly
clear as to the actual facts of these cases and their contexts.
They are unfazed by such media hype and Morris Mohawk wishes to
ensure that its customers are similarly informed. Customer
deposits are safe and every player has and will always be paid.
Alwyn Morris
CEO
Morris Mohawk Gaming Group
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