GamblersPost Gamblers Post is a dedicated news and networking portal in the online gambling industry which features news, opinions, interviews as well as product and software reviews.
After having it’s Gibraltar and UK iGaming licenses suspended, Addison Global’s sports betting operator MoPlay stopped paying out customer withdrawals by declaring the business insolvent. Right after having it’s licenses stripped MoPlay allowed customers to withdraw any funds from their accounts, but the last couple of days customers faced an annoying message on their screens.
“Due to financial difficulties, we are unable to process withdrawals,” a message on the MoPlay website said. “We draw your attention to clause 9 of our terms and conditions which refers to the status of funds in the event of insolvency.”
Clause 9 of MoPlay’s terms and conditions stays, “funds will be held separate from company funds in a mixture of bank accounts and reserve funds which we hold with our payment processors. However, if there was ever a situation where we became insolvent, your funds would not be considered separate to the other company assets and you may not receive all your funds back.”
On top of that the UK-licenced MoPlay site is since offline…
