The parent company of defunct online gambling site MoPlay is reportedly flogging its customer database in the hope of garnering enough money to reunite those customers with at least some of their account deposits.
On February 19, MoPlay’s parent company Addison Global Ltd had its gaming licenses suspended by regulators in Gibraltar and the UK after a key investor pulled his financial support, apparently leaving the company without the wherewithal to carry on operations.
MoPlay customers were originally told that the site was no longer taking any new wagers but days later were greeted with a message informing them that “due to financial difficulties, we are unable to process withdrawals.”
The message ominously warned customers to check their T&C’s regarding the fate of their funds in the event of insolvency. The applicable clause warned customers that “your funds would not be considered separate to the other company assets and you may not receive all your funds back.”