|Sierra Design has announced this week that they have pulled the plug on www.prizegames.com after moves by Missouri regulators to revoke its gambling license in that state. Sierra, who operated the site under the subsidiary, Arcade planet, however, remained defiant, issuing a statement declaring that the site offered 'games of skill' for money, and that such games are legal in Missouri. |
Sierra Design Director of Marketing Shawn Yujuico told the Las Vegas Sun that the company was first informed on January 19th that the Missouri Gaming Commission would be considering the revocation of the company's license at the agency's next meeting on January 21st – a move that could prove a serious threat to business nationwide.
The company filed a lawsuit to block the action last month and gained a temporary restraining order, but finally succumbed to pressure this week. 'We still believe it is a skill-based game, but we agreed to shut it down as a sign of good faith,' Yujuico said.
Sierra Design is currently the process of being acquired by slot giant Alliance Gaming Corp. of Las Vegas, a deal that includes cash, stock and loans worth up to $191 million.