PANAMA CITY, Panama, July 8, 2013 /PRNewswire/ - On Monday, July 1st, 2013, Chico Poker Network announced to all players that funds were immediately available for payouts. This came as a surprise to tens of thousands of players who had written off their poker account balances because of a longstanding feud between Playsafe Holdings/Ecom (seller) and Julian International Holdings (acquirer). Poker players had feared another Full Tilt Situation was at hand.
As of Monday, July 8th, a number of the top news sites including Gambling911.com, PokerScout.com, PokerFuse.com and the most prominent poker forum in the world TwoPlusTwo.com, all report that Chico Poker Network has kept to its word - players are being paid, fast!
The Chico Poker Network is made up of sites including: TigerGaming.com, ActionPoker.com, GearPoker.com, PayNoRake.com, and PokerInCanada.com. The Chico Poker Network shares liquidity with other networks including the Hero Poker Network, which hosts BetOnline.ag and SportsBetting.ag. Chico Poker Network is currently the fifth largest network accepting US players, vying to take the fourth spot from Winning Poker Network.
The online poker world has been filled with negative stories about poker sites and networks failing since Black Friday in 2011. One well known poker professional states "It is great to see one online network doing the right thing." On TwoPlusTwo.com you can see posts echoing this sentiment. 'Oanhtime' states, "So happy, still can't believe it!" Poster 'poker2' exclaims, "I LOVE NEW PNR" (PNR stands for PayNoRake.com, one of the more popular sites on the Chico Poker Network allowing players to get up to 100% of their rake back in the form of rakeback).
The online poker landscape changes on a daily basis as senators and governors attempt to push through legislation at the state and national level looking for needed tax revenue. At least one online network is still pandering to keep its business and not simply walk away absconding customer balances a la AbsolutePoker.com. Follow Chico Poker Network as the announcement on Monday, July 1st, 2013 further promised "several site changes in an effort to become a leader in the online poker space."
SOURCE Chico Poker Network