Absolute Poker and Ultimate Bet May Finally Pay Back Players

Play Poker » Absolute Poker and Ultimate Bet May Finally Pay Back Players

December 30, 2011

Ultimate Bet and Absolute Poker are likely to provide their players funds that were frozen by the Department of Justice (DOJ). Freezing of accounts was done in April when the DOJ indicted Absolute Poker along with quite a few other poker sites. However, reports suggest that players are likely to receive much less than what they are supposed to. This holds good for both Absolute Poker and Ultimate Bet players.

Situations are not Favorable for Both Poker Rooms

One of the key reasons why Absolute Poker and Ultimate Bet are likely to pay significantly less to players is the turmoil which both sites have been experiencing for a while. Absolute Poker’s co-founder, Brent Beckley pleaded guilty at a Manhattan Court recently. There were charges of money laundering and running illegal poker operations against Beckley. It seems like both sites plan to provide players with whatever they are left.

Players are Likely to Receive Significantly Less Money

According to experts in the industry, Absolute Poker and Ultimate Bet are likely to pay significantly less to players than what they hoped. Numerous players will be disappointed with the payments that the poker rooms are likely to make.

Leading Poker Pro Yet to Receive Winnings from Carbon Poker

A leading poker pro, Breeze ‘Breezie7’ Zuckerman is yet to receive her prize money from Carbon Poker. Breeze made a significant victory at Carbon Poker in November. The poker room has still not provided the player with the prize money. The California based player contacted Carbon Poker due to the delay in payments. In reply, the poker site stated that it will not be able to pay her in the following 8 weeks. The Twitter account of the poker site states that 8 weeks is the official time for processing withdrawal requests. The site charges a processing fee for facilitating transactions. When combined with a delay in processing payments players get quite annoyed.

According to a member of G-poker, Jeremy Taylor, such delays raise doubts especially after the Black Friday incident. Due to shutdowns of several poker sites, it has been very difficult for players to get their money back. Many have still not received their money. Poker sites accepting wagers from American players are under scrutiny of regulatory bodies after the Black Friday shutdowns.