Boss Media Assets to be Frozen: Loses Litigation Matter
One of online gambling's most established software providers, Boss Media, has had its assets seized in Malta.
PokerTrillion have been successful in its application to enforce the seizure of the servers from their previous network providers, Boss Media. According to a press release from Poker Trillion, Boss Media will not be able to continue commercial activity or appeal as of September 18th.
According to 4Flush.com, back in April, a judge called for the freezing of all Boss Media assets as Poker Trillion had declared a €45million lawsuit against the Boss Poker Network and online payment processor, WebDollar. Poker Trillion stated then that the lawsuit was "for alleged fraudulent and potential criminal activities of various personnel and/or the management of Boss Media, or their associated companies in various jurisdictions including but not restricted to, Sweden and Malta."
The judgment announced yesterday is just one in a string of successful applications made by Trillion Ltd. in the Malta courts.
PokerTrillion C.E.O Andy Pyrah explained, "Today's decision will in effect bring down Boss Media's operation in their licensed jurisdiction of Malta on September 18, and any partner still on the Boss (IPN) Poker Network at this stage will see their service closed down too. It should also be noted that despite appeals from Boss Media, we've been successful in every one of our applications that we've filed with the courts in Malta and this includes having our initial garnishee order increased from €5million to €20million earlier this month, this in turn means that there is now a €20million freezing order on all Boss Media's assets within this jurisdiction, and in accordance with European law we will be applying for this to be executed all over Europe".
Boss Media was to have issued a response to the matter Tuesday afternoon.
----
Christopher Costigan, Gambling911.com Publisher
