Pokershare busts after less then 2 months

[pokeraddict]

Pokershare, with only 2 months or so in the poker world, closes all North Amercian accounts without any notice. Obviously this is a PR nightmare for Ultimate Bet who banks and hosts Pokershare. Players were sent a non descript email telling them to expect checks in the mail. Many players had their entire bankroll in Pokershare and message boards are full of speculation that players will receive no part of the profits (if there were any) that they played so many raked hands for, some even speculate Pokershare has run off with all of the money which is doubtful since UB banks it.

<opinion> This is a HUGE PR nightmare for Ultimate Bet. How are players to trust UB when their skins cant even give notice of closure and cant even refund players funds to their deposit methods, instead emailing "the checks in the mail" to their players.</opinion>

[paul1]

Well that sucks. You're right about it being a PR nightmare. But I quit playing there (UB) anyway, when they changed their point structure for clearing bonuses. It used to be pretty good, even though the games were somewhat tougher. Now there's really no reason to play there for me. It's pretty hard to clear a bonus there now, and tough games. There's better places to play at. I do like UB's software though. It's smooth and fast. I don't know what they're thinking. I do wish them luck, though. If they can get through this mess, and get everything together, they're poised to be a major player. Don't blow it now, UB.

[winbig]

I figured from the start of PS that this would happen. I never played there...just had a feeling. The key ingredient of my original skepticism was the fact they were telling players that they would get a check "sometime in December", but yet couldn't say if it would be the beginning, middle, nor end. If you ask me, if they planned it well from the start, the date of payment would have already been in place and there would be no question on whether you would get paid, and when.

I do hope the players get their bankrolls back and profits (as stated above) too.

Good luck!

[m249a]

This is very bad for ultimate bet. I am certian they will step up and make good on whatever is owed, but it will be well into next year before all of this is straightened out. I think th ekey yo forum players/complainers will be to attach UB's name to every post made about this mess. The fact is less people then you may think, understand the concept of skins/clones ect...Shame on UB for letting this run unchecked.

[bpb]

Ultimate Bet is the one who pressured their parent skin company into forcing pokershare to close all north american accounts.

http://forumserver.twoplustwo.com/sh...=0#Post3839162

[pokeraddict]

Originally Posted by bpb

Ultimate Bet is the one who pressured their parent skin company into forcing pokershare to close all north american accounts.

http://forumserver.twoplustwo.com/sh...=0#Post3839162

This is true. UB pushed Pokershare out of public rakeback even though UB rakeback is allowed. They also pushed to not allow players to have accounts on both and won that in the end.

Players are reporting getting paid by Neteller even though the emails would have led one to believe there would be a delay.

[FrontPocketNuts]

I read on a couple of other forums that Pokershre didn't bust but UB stabbed them in the back, closing all the american accounts.

Whats the real story?

[Casinomeister]

Originally Posted by FrontPocketNuts

I read on a couple of other forums that Pokershre didn't bust but UB stabbed them in the back, closing all the american accounts.

Whats the real story?

Enquiring minds want to know - and hopefully next week at the EIG, I might be able to find out what happened.

[jetset]

Awaiting a response from Excapsa at present.....

[pokeraddict]

When I used the word bust I guess it was poor word choice I guess. I meant the concept busted. This was the doing of the network, probably UB since they have had it out for them for their entire existance. UB has had nothing to say about this.