US Poker Players Funds Still Frozen Since Black Friday

May 10, 2011

Now that the Big 3 online poker rooms have been forced to close down to the US market, Absolute Poker and have already announced plans to downsize and restructure, in addition to dropping their entire roster of sponsored pros, who were all coincidently based out of the US, and now hundreds of online poker players who had made deposits at Absolute Poker prior to Black Friday have not heard a word about whether or not they will get their money back. PokerStars and Full Tilt Poker have both promised to refund player accounts, but no such promise has been made from Absolute Poker.

There are still online poker sites taking US deposits. Click here for more info on US poker.

Poker pro and resident of North Las Vegas, Mike Ziethlow earned a living by playing online poker at Full Tilt Poker and PokerStars. However, now that his accounts are frozen, he can’t withdraw his bankroll; therefore, he can’t play at live casinos. He’s reportedly resorted to playing his guitar outside casinos to earn money to get back on his feet. While there aren’t poker pros lined up outside casinos playing their guitars, there are many other similar stories.

The Poker Players Alliance has reported that about 50,000 poker pros who made a living playing Internet poker are now out of work. The Big 3 poker sites represented about 70% of the US market, thus, leaving so many players high and dry with no other means to make money, and since the Las Vegas job market is already at an all-time low, there just aren’t jobs available for these people.

Evan Decker funded his college education playing online poker. He made about $50K per year, but now, his five-digit bankroll is inaccessible. Unfortunately, his money is tied up in the CEREUS Network, and he hasn’t heard a word regarding his money. PokerStars was able to return some of Ziethlow’s money, and he’s awaiting processing on the rest of it. Unfortunately, this is the way it is for now when it comes to online poker in the US regarding the Big 3.


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