Online Casino Global-Player.com Closes its Doors

Onlinecasino.org News | 03.12.2007 | 09:05:11 | Views: 1167 | Casino News

Online gaming firm, Universal Gaming Concepts Inc. has announced the closure of its online casino, Global-Player.com.

Afters eight years in operation, the company decided to close its doors after evaluating economic issues in the business.

Chief Executive Officer for Universal Gaming Concepts, Giancarlo Bettini, said, "The current changes in the legal and economic landscape of the gaming industry has made it increasingly difficult for us to compete and retain our market share."

"The strategic decision to cease operations while we are still in the position to satisfy our obligations to players, vendors, affiliates and staff reinforces our integrity and commitment to good business practices," Bettini added.

Current customers of Global-Player.com can cash out their account balances immediately, and requests will continue to be processed until December 30, 2007.

A statement on the website says, "Your account balance is available for immediate payout and you are encouraged to process your payout immediately to avoid delay."

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The statement continues, "If you have not requested your funds prior to our closing date, you must contact to have your payout requests processed manually."

Global-Player.com was launched in 1999 and is licensed in the Caribbean island of Antigua. The company originally used its own software but then switched to Boss Media earlier this year for its online casino and poker operations.

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