Another Online Poker Room Bites The Dust

Written by:
Thomas Somach
Published on:

Online poker room Zosoz (www.zosoz.com) has abruptly shut down, just two months after it opened.

Zosoz was one of a new breed of so-called "legal" online poker rooms that claimed it didn't violate U.S. anti-online gambling laws because, technically, it didn't offer gambling.

Zosoz' loophole was that gamblers didn't risk any money to play poker on the site.

Instead, they paid a monthly membership fee of $20 for the right to play free games where you could win real money.

A notice just posted on the Zosoz website reads:

"Dear Zosoz player: We regret to inform you that due to circumstances beyond our control, Zosoz will cease operations at 11:59 p.m. EST on December 14, 2008. All subscription membership fees have been refunded in full.

"No cash out required. All sweepstakes winners will be paid via cashier's check. Only winners of $600 or more must be validated to receive full payment. All documents supplied to us are stored on our secured servers. This information will be used to send 1099 forms to both the IRS and to you. This will occur in January of 2009. Once we have processed your 1099 form, we will then delete the files from our system.

"It will take up to six weeks to process winnings. We would like to thank you for your participation in Zosoz over the past two months and apologize for any inconvenience this causes you. Zosoz."

No further information is available on the site as to why the online room has folded.

It was, however, likely one of two reasons: It wasn't doing enough business to sustain viability or there was pressure from some legal authority.

Zosoz was run from White Bear Lake, Minnesota, USA, by Tim Belisle.

Thomas Somach, www.pokerhelper.com

Gambling News

Give Your Sportsbook a Big Casino Boost With Price Per Head

Give Your Sportsbook a Big Casino Boost With Price Per Head

With sports betting on pause for a few weeks or even months, depending on how well things evolve in this coronavirus crisis, sportsbooks from all over the world have turned their focus and efforts to the next obvious product in stock, the casino.

Time to Get to Know and Bet on Esports

Time to Get to Know and Bet on Esports

To many, Esports might sound like something new that sportsbooks are offering now that all the major sports leagues have been suspended, due to the Covid-19 crisis that’s affecting the whole planet. However, electronic sports are not new at all, bookies have been offering these markets for years now, and audiences for these games are counted by millions.

Crackdown on Noncompliants Online Gambling Affiliates

Crackdown on Noncompliant Online Gambling Affiliates, Betway Boots UK Affiliates

Marketing compliance expert Rightlander released a new ‘Fast Track’ incentive monitoring study following the Spanish government's order to restrict the promotion of games of chance and online gaming on all advertisement chains.  The country took this action as all of its citizens are required to remain indoors during the current coronavirus pandemic.

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

Covid-19: Russian Ping-Pong Steals the Show, Casino Employees Test Positive

“Russian ping-pong has stolen the show,” said Nick Bogdanovich of the William Hill betting chain. “You can’t even find it streaming anywhere to watch, but people are betting on it.”

Gambling and Sports Betting News April 6, 2020: NJ Casinos Losing $540 Mil a Day, Tribal Casinos Could Go Under

Atlantic City is virtually a wasteland that is costing the state $540 million in casino-related revenues every month while they remain locked down amid the deadly pandemic while a number of Tribal casinos are not likely to survive an extended shutdown beyond June.