Online Poker Room
LOCK POKER PLAYERS STILL UNPAID MORE THAN A YEAR ON
That perennial source of useful player information, the twoplustwo forum, has again seen aggrieved players focusing the spotlight on troubled online poker operator Lock Poker.
Players at the site have been awaiting pay-outs for over a year in many cases, prompting some to sell their account balances at discounted rates just to get something out amid fears of a sudden crash.
Piling on the pressure for the operator to fly right and meet its obligations, player IHasTehNutz has continued to label the operator as a "deposit only 'Ponzi scheme' site" that owes its players around $3.2 million in still unpaid cash-outs and account balances.
IHasTehNutz has been monitoring aggrieved players and the operator for well over a year and has assembled numbers to back up his assertions, and in his latest twoplustwo report he documents 394 players owed over $941,000 in pending payouts...most of whom have been waiting well over a calendar year to receive their money.
Exacerbating the situation, 205 of those players have remaining balances beyond their unpaid withdrawals totaling over $2.2 million collectively, with over $1.7 million owed to players resident outside of the United States.
That may not be a complete picture, either; IHasTehNutz can only include proved statistics submitted to him by players, and there may be more of the unpaid out there.
According to IHasTehNutz:
* The last payout reported as received by a player occurred in April 2014.
* 340 of the 394 players on the report have waited 365 days or more for their payouts from Lock Poker.
* 193 players have waited at least 500 days; 18 have waited 600+ days (longest wait is 694 days).
* The last non-US player to receive a payout from Lock Poker occurred in November 2013.
* Only 12 payouts from Lock Poker have been reported received in all of 2014. IHasTehNutz recorded 232 Lock Poker payouts from posters on twoplustwo and other forums from May 2013 to December 2013.
Lock's uncommunicative stance serves to create more speculation on the financial situation of the operator; for example late last year the poker information site Pokerfuse reported that Lock allegedly owed a significant amount of money to the Revolution network which it had exited in October 2013.
Earlier this year the Poker Players Alliance tried to assist players by requesting Lock to provide assurances regarding its ability to meet its player commitments. According to IHasTehNutz, there was no public response.
ANOTHER ONLINE POKER LEGALISATION BILL FOR PENNSYLVANIA2014-06-05
Senator Edwin Erickson's soon-to-launch bill seeking to legalise online poker in Pennsylvania (see previous InfoPowa reports) is to be supported in the state Assembly by a similar bill sponsored by Republican Representative Nicholas Miccarelli.
It is understood that both bills will include anti-competitive "bad actor" clauses barring operators like Pokerstars who continued to supply US services after the UIGEA was passed in 2006.
There are also provisions to punish players who use unlicensed online poker sites - the first time this has been attempted outside Washington State's draconian anti-online gambling laws.
The Miccarelli bill will probably follow Erickson's lead in proposing a 14 percent tax rate on GGR and heavy initial licensing fees, and both bills are expected to include arrangements for the protection of player account balances.
U.S. PLAYER LEADS AS WORLD SERIES OF POKER MAIN EVENT GATHERS MOMENTUM2013-07-09
The final entry day for this year's World Series of Poker Main Event, Day 1C, has completed in Las Vegas, with Wisconsin pro Mark Kroon emerging as overall chip leader from all three entry days on 246,000, chased by Imari Love from Chicago on 214,300, and Clement Tripodi of France (on 207,050 the leader at the end of Day 1B).
After three initial days of action (see previous InfoPowa reports) there are 4,186 players left from a total starting field of 6,352 - the smallest main event field in six years.
Second round competitive action begins over the next two days as the survivors are further culled, usually by around 50 percent before Day 3 starts and the separate player fields from the Day 2 heats are combined and start the serious business of trying to get into the money.
Last years main event champ, Greg Merson is still in the competition, albeit way behind the chip leaders on 81,650, and trailing famous pros like Phil Ivey (119,650) and Phil Hellmuth (92,850). Other notable names who made it through the last entry day included Jason Mercier, Joe Hachem, Allen Cunningham, Nick Schulman, Antonio Esfandiari and Ben Lamb.
The high profile Canadian pro, Daniel Negreanu, is also still in the running, although further back on just 15,000 chips.
Among those who fell by the wayside this year were former WSOP champs Huck Seed, Robert Varkonyi and Jonathan Duhamel, along with successful and respected financial businessmen/players Bill Perkins and David Einhorn.
Also headed home were Brandon Cantu, Phil Laak, Vanessa Rousso, Tom Schneider, Eric Buchman, Shaun Deeb (taken out by Phil Hellmuth), Jennifer Tilly, Prahlad Friedman, Jeff Madsen, former November Niner Ylon Schwartz and Loni Harwood.
Strangely, two top names entered the event, paid the hefty buy-in, and then didn't show up; the starting stacks of Gus Hansen and Tom Dwan were blinded off, leaving Hansen with 17,975 and Dwan with 18,075 when chips were bagged.