Developing: Pokertrillion, Boss Media in Ambiguous Row

17 April 2008

Boss Media's bank accounts in Malta have reportedly been frozen by a Maltese civil court in connection with a lawsuit filed by Pokertrillion, a member of Boss' IPN poker network and recent I-gaming startup.

Very little information on both the court order and lawsuit has been made public, as Pokertrillion said Tuesday that the court forbade it from discussing details.

Boss has yet to address the allegations with the media.

Andy Pyrah, chief executive of Pokertrillion, has alleged "mistreatment" by Boss, "massive irregularities surrounding Boss and their handling of," as well as "a number of contractual issues" with Boss.

Pokertrillion said the court order has been executed across seven Maltese banks with whom Boss holds accounts.

It added the lawsuit, which calls for $71.5 million in damages, has been taken against Boss and associated companies "in various jurisdictions, including, but not restricted to, Sweden and Malta."

A prepared statement appearing in the TwoPlusTwo poker forums on Sunday -- allegedly from Boss -- suggests that the row relates to the termination of Pokertrillion's relationship with Boss and its payments processing subsidiary, Webdollar.

The alleged statement offers no details of the dispute, but notes that "player funds are readily available and can be withdrawn by the players at any time until Boss is instructed otherwise by Pokertrillion."

Pokertrillion launched in December 2007.

Boss was recently acquired by GEMed, a jointly-owned investment vehicle consisting of Medströms, a Sweden-based investment group, and Gtech Corp., the lottery technology provider and Lottomatica subsidiary.

Neither Boss, whose shares were up 0.41 percent in Stockholm, nor Mr. Pyrah were immediately available for comment.

The IGN staff continually troll the wires, foreign papers, corporate news alert services and other dark, dusty corners of the Web to bring you the very latest industry news.