- Creditors have until June 5 to file a claim for their funds.
- Payments will be made in July.
- Tusk was put into liquidation in March 2008, leaving thousands of players out approximately $10 million.
- It operated 28 poker skins on the Microgaming network.
Creditors of Tusk Investment, the defunct operator of over two dozen online poker skins on the Microgaming Poker Network, have been informed that they will receive 13c to 16c on the dollar.
Creditors have until June 5 to file a claim for their funds. Payouts will be made on July 21.
In February 2008, Microgaming, now rebranded as MPN, terminated the software license of Tusk Investment Corporate, which was responsible for 28 online poker rooms under the “MyPokerProfit” brand, and six online casinos.
Tusk was put into liquidation in March 2008, leaving thousands of players out of approximately $10 million in deposits. Microgaming, asserting they were purely a software provider, accepted no liability and did not honor player deposits.
Tusk skins were popular with poker players, in particular due to their high rakeback offers. Notables skins included Battlefield Poker and Red Nines.
Today, more than five years after a liquidator was appointed, creditors, including players and vendors, have been informed that payouts will be made in July.
Approximately $1.3m is to be distributed to creditors. According to player reports, the liquidator failed to collect an additional $800,000, withheld by a variety of third-party payment processors and eWallets. Among others, Neteller reportedly withheld €110,000 and MoneyBookers (now Skrill) over $40,000.
According to John Mehaffey, writing for LegalPokerSites.com, creditor who have yet to file a claim can do so by emailing tusk@ppbadvisory.com with their personal information and proof of the debt. A form for proof of debt can be found on the following PPB Advisory.
Along with the infamous “potripper” cheating scandal on Ultimate Bet, the Tusk failure was one of the first high-profile online poker scandals. It affected thousands of players and millions of dollars, spanned thousands of forum posts spanning multiple sites.
