Online Poker Room Pokershare In Trouble
Published: Thursday, November 03, 2005 Online-Casinos.com
ONLINE POKER ROOM POKERSHARE IN TROUBLE?
Reports that Excapsa network has closed accounts of new site
Pokershare, the online poker operation that promised to give players a
share in its success and achieved wide publicity as a result appeared to be in
trouble this week amid reports that Toronto based Excapsa, which controlled
the network on which it operated had closed its accounts and was paying players
out.
Pokershare had only been online for 2 months, and as we went to press the reason
was not clear for the moves, although widespread rumour was suggesting that more
estabnlished sites on the network - specifically Ultimate Bet - had complained
about its success in attracting players away. Online-Casinos.com & InfoPowa
is awaiting a response from Excapsa on the issue.
The issue blew up in a public sense when playeres were sent emails telling them
to expect checks in the mail. Many players had full bankrolls in Pokershare and
the poker fora were soon in full cry with doubts that players would receive no
part of the profits.
Pokershare offered a 40 percent share of their profits and allowed rakeback affiliates,
meaning that players could get a healthy rakeback (in many cases over 30 percent)
too.
Unconfirmed reports suggest that on November 1, Excapsa closed all Pokershare
accounts on the network, and informed each member via e-mail. They staffed their
office 24/7 to handle questions and quickly shipped out all refunds. It is not
known whether Pokershare as consulted before the action was taken.
Further information will be published as it becomes available.
