News for Absolute Poker and Ultimate Bet Poker Player Funds

The dreaded Black Friday incident back in April 16 of 2011 affected thousands of players and a handful of online poker sites. Some players have already received back their funds, but tons more of other players are still waiting for theirs. There is recent news, however, that Absolute Poker and Ultimate Bet Poker now have the ability to pay back the funds of their players.

Not What You’d Expect

Adam Small, co founder of PoketFives, was able to get some info on the matter from Ultimate Bet and Absolute Poker insiders. It would seem that the players will finally be able to receive their frozen funds which they were not able to withdraw right after the Black Friday incident. However, there is one sad fact about it. Small said that the players will not be able to get the full amount of their funds. “It seems like they are legitimately closing shop and paying out what’s left,” Small said about Ultimate Bet and Absolute Poker.

Poker Sites and Their Delayed Payments

Of course, there also has been news about the different online poker rooms, which are basically just about the fact that some are not able to pay out their players. One recently reported incident was when Breeze Zuckerman scored some winnings in an event held at Carbon Poker, but is still not able to receive the winnings for weeks now. There is also the issue that Carbon Poker is requiring its players a processing fee when making withdrawals of their funds. To its defence however, Carbon Poker tweeted that the processing of withdrawals can take anywhere from 5 to 8 weeks. Jeremy Taylor, of G-Poker however, says that the delay in the processing of the funds is suspicious. “After problems players experienced trying to cash out on sites affected by the shutdowns, including the ongoing Full Tilt Poker saga, it’s alarming to hear another site can’t process timely withdrawals,” Taylor said.

Just to Be On the Safe Side

Taylor went on to mention a couple of poker rooms that are still trusted today by thousands of players. Taylor encourages players to play only on established poker sites such as 888 Poker and PartyPoker in order to make sure that they are in good hands. Taylor even says that a good online poker real money site does not require the player to pay a “processing fee” when making withdrawals.

Play Online Poker At Carbon Poker

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