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Warning!! FIVE month delay on payments from Revolution (formerly Cake) network

on 2013-03-12, 21:22
Payments owed to poker room AdamevePoker from its network partner, Revolution, are nearly five months past due, according to public statements made today by the site’s affiliate manager.

The issue first came to light when players on AdamevePoker began to experience delays in withdrawals.

Players served by the network’s main cashier have experienced significant delays in withdrawal processing, and the network is known for having the slowest processing times in the industry.

AdamevePoker, however, operates an independent cashier. Until recently, players have expected cashouts to be processed in 1-3 business days. But recently, this has ground to a halt.

Responding to public complaints on poker forum 2+2, the site’s affiliate manager claimed that the network is nearing five months past due in payments. The site’s investors have decided to implement a policy where future withdrawal requests will be “subject to receiving actual settlements transfers from the network.”

Network reconciliation is the process of a network balancing the books each month with its poker rooms. If a poker room has predominance of winning players, then it builds up a money owed from the network to cover the amounts won by its players. This monthly settlement also accounts for the rake generated by a skins’ players, tournament fees and any payments due to the network as part of its cut.

A history of fast payouts will attract those interested in speedy withdrawals. With wait times on the primary cashier in excess of three months, savvy players will have sold their balances to others on skins with quicker withdrawal times—further increasing the deficit between Revolution and sites like AdamevePoker.

The network and its flagship skin, Lock Poker, have been scrambling to find a solution to its issues. Recent attempts to “right the ship” have included Lock segregating its high stakes tables from the rest of the network and the announcement that “Fair Play Technology” will be implemented network-wide to separate winning and experienced players from beginners.

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