An Online Casino Poker Shocker

29 April 2012 – By Huseyin Yilmaz

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If you enjoy gambling online at one of the many virtual casinos then you may be interested in some of the new developments that are currently taking place in the poker world. Online casino Texas hold’em has become hugely popular with players from all over the world. At any given time there are literally millions of people playing against one another from countries that span the globe. There are some online sites that cater specifically to the virtual poker players, and not too long ago legislation was passed in the United States that banned all types of online casino gambling, including poker, and a few of the biggest sites were all of a sudden faced with the unthinkable possibility that they were going to lose their biggest market.

In fact it escalated even further than what anyone thought it would and three of the biggest poker rooms were now faced with a returning all the money back to the players that held accounts in the United States. This action turned out to have ramifications that nobody could have predicted as one of these main poker sites called Full Tilt Poker all of a sudden found itself in a position where they did not have the money to pay back all their members whose accounts have been frozen. There were literally millions of dollars lost because Full Tilt Poker had not made sure that they had enough cash in reserve if something like this happened.

Another one of the main sites that was also forced to pay back their members was PokerStars which as far as online casino poker sites go it is by far the largest and easily the most popular with players from all over the world. There was no such problem with this company quickly reimbursing their American players with all the money that was held in their accounts and in compliance they ceased offering their games in the US.

The big shocker that has now rocked the poker world is that the largest online casino poker site called PokerStars, as mentioned earlier, is now looking to buy out Full Tilt Poker for a staggering $750 million and solve the financial mess that they’re in. Although there was another company in the running, it turns out that PokerStars was willing to make an excellent financial contribution that will see all members from full tilt poker reimbursed for every cent that they had in their account when the government’s frozen which is about $330 million! Many believe that the monopoly this poker site is going to have on poker is a bad thing, but others believe because they operate such a good site, and they truly cater to the poker player, that it is a good thing. Basically all us players can just wait and see what happens.

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