Online Poker News - Bankrupt 5050Poker Delisted
19th of July 2012 - latestpokerbonuses.com
Site no longer on Swedish Nasdaq First North exchange
The latest reports about 5050Poker, a Malta-licensed online poker room that went bankrupt while still owing players money, are that the site has been delisted from the Swedish Nasdaq First North exchange.
A statement arriving from the company confirmed that its last day of trading would be July 20.
The statement also reads: 'In order to improve the players' situation there are discussions with other potential stakeholders with an interest in 5050 Poker Ltd. The company hopes that these discussions will result in an improvement of the players' ability to recover a greater amount of their claims on 5050 Poker Ltd.'
And even though players are listed as creditors on the site, which operated on the Entraction network, they will still not be very pleased with the payout outcome as they are not expected to get more than 15 cents in the dollar. Furthermore, rumor has it that the 5050Poker owners have not been able to sell the failed site.
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