To much criticism, Pokershare.com the new innovative poker room brought to you by Ultimatebet have recently announced they will no longer accept US players...
The e-mail correspondence to their players reads as follows:
"Dear ***** ****,
We
would like to thank you for being a member of PokerShare. We are
writing to inform you that due to a policy change as of November 1,
2005 North American residents are no longer able to play in the
PokerShare cardroom.
We
have closed your account, DMFW. If you had a cash balance in your
account we have initiated a withdrawal for you to refund these monies
in full. Along with your cash balance we have converted any Tournament
Entry Chips (TECs) and included them in the withdrawal of funds.
If
you are owed money, you will be receiving a check in full for your
entire account balance to your address on file. Balances in excess of
$500 have been sent by FedEx. Smaller balances have been sent by
regular mail.
We apologize for the inconvenience.
Sincerely"
Many of there registered players in the US have hit the forums
expressing their dismay about the decision and further speculating why
they made the decision. Essentially, the Pokershare concept offers
players a loyalty program whereby they get a percentage of the poker
room profits back in equity or shares in the company. Pokershare was
recently acquired by poker giant UltimateBet and players at both poker rooms play on one seamless network.
In our opinion, poker players living in the US playing poker and owning
shares in a online gambling operation was the main reason why the
company stopped taking US bets. This is in effect illegal. Speculation
is that this shortcoming could have a huge effect on Ultimatebet their big cash cow.
We have seen time and time again, online gambling not accepting US
customers. Ultimately, these companies never survive, the majority of
the online gambling is in the US, not to say Europe is not an option
but competition is Europe is fierce and the player base is
significantly smaller and more diverse.
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