- Joined
- Jan 14, 2008
- Messages
- 61,334
Lock Poker, the Revolution Gaming Network’s flagship site, is giving off more bad press via its newly imposed and seemingly arbitrary prohibition against large-scale cashouts.
At first glance, this seems to be old news. Revolution has been slow-paying/no-paying its players for the better part of a year now. Even players based outside the US,
where the flow of money is not subject to the whims of the US Department of Justice, are reporting wait times of up to four months to receive payment.
Other moves, such as the segregation of certain tables from other Revolution skins, have led to widespread assumptions that Lock is seeking any and all methods
of preventing money from exiting its stagnant ecosystem.
The latest Lock brouhaha involves the abrupt cancellation of withdrawal requests by high-stakes players based on Lock’s assertion that, er, well, it’s not quite clear.
Basically, players who have received fund transfers from other Lock players have been told
(after the fact) that the funds are subject to play-through requirements. Trouble is, some of these players appear to have reached and/or exceeded these requirements,
yet Lock continues to stonewall their requests.
Beleaguered Lock representative ‘imjustshane’ has attempted to justify the canceled withdrawals by claiming that the site has been the target of “a connected and very organized group”
attempting to profit from Lock’s well-publicized payout woes. The alleged scheme involved the group “masquerading as affiliates” and saying negative things about Lock on poker
forums in order to drive down the public value of Lock deposits, after which they swooped in to buy up “hundreds of thousands dollars” in Lock deposits on the cheap,
then attempted to withdraw the funds from Lock at full value.
More on the story here!!
At first glance, this seems to be old news. Revolution has been slow-paying/no-paying its players for the better part of a year now. Even players based outside the US,
where the flow of money is not subject to the whims of the US Department of Justice, are reporting wait times of up to four months to receive payment.
Other moves, such as the segregation of certain tables from other Revolution skins, have led to widespread assumptions that Lock is seeking any and all methods
of preventing money from exiting its stagnant ecosystem.
The latest Lock brouhaha involves the abrupt cancellation of withdrawal requests by high-stakes players based on Lock’s assertion that, er, well, it’s not quite clear.
Basically, players who have received fund transfers from other Lock players have been told
(after the fact) that the funds are subject to play-through requirements. Trouble is, some of these players appear to have reached and/or exceeded these requirements,
yet Lock continues to stonewall their requests.
Beleaguered Lock representative ‘imjustshane’ has attempted to justify the canceled withdrawals by claiming that the site has been the target of “a connected and very organized group”
attempting to profit from Lock’s well-publicized payout woes. The alleged scheme involved the group “masquerading as affiliates” and saying negative things about Lock on poker
forums in order to drive down the public value of Lock deposits, after which they swooped in to buy up “hundreds of thousands dollars” in Lock deposits on the cheap,
then attempted to withdraw the funds from Lock at full value.
More on the story here!!
