Online Casinos, Gambling, Poker and Sports Betting Magazine

jackpotcity.gif Closes Doors

From December 14,, the upstart online gambling company, will close its virtual doors after only opening on October 15. No official reason has been given for the closure but all refunds will be automatically given to players. However those with more than $600 in cash in their accounts will require validation in order for their money to be returned.

Some vague reasons for the closure have been listed on, which say, “We regret to inform you that due to circumstance beyond out control, ZOSOZ will cease operations at 11:59pm ET on December 14, 2008.”

Refunds are expected to take up to six weeks, meaning that all refunds should be received by the end of January 2009.

Zosoz was a subscription online poker room charging $19.99 per month for membership. He site emphasized the social networking aspect of the poker room. Opposed to many other online poker rooms, the site operated as a sweepstakes as opposed to an online gambling site.

In troubling economic times is not the first company to close down. In October, Fleet Street Games, run by former PokerStars vice president Dan Goldman closed its doors. Duplicate Poker also shut down saying that it was a “small victim of the global financial crisis.”

The loss of Zosoz leaves Pure Play and ClubWPT as the two major remaining sites in the subscription online poker room market. Pure Play, similarly to Zosoz, charges $19.99 per month and also offers over $150,000 in prize money. The WPT’s for profit casino, which did not accept customers from the United States, also recently shut its doors and referred customers to InterPoker.

Danielle Almond
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