As highly suspected, Lock Poker closed it’s doors April 17th, took new deposits right up until they time they shut down, and then have most likely run off with the money. There’s been no active cash outs reported by Lock poker in the poker community for over a year now. Their rumors of insolvency have been going on for quite some time. So it should be no shock that this happened, but this playbook by unregulated poker sites is becoming redundant. It also brings about an important point I hope everyone considers when you decide to purchase or give your money to any company. Make sure that company is actually run by good solid people.
I’m not saying that Lock Poker doesn’t have some good solid people running it. I honestly don’t know any of the upper management or ownership. But clearly they new this day was coming and tried to make away with as much as they could. It will be interesting to see how it all plays out, and if you have money on there I feel for you. I lost a lot of money on Absolute when it stole money from it’s users. I also wouldn’t hold my breath about getting the money back.
Which brings me to my final point. Even though this might not be the best things to say for my business, I’d advise you to be careful with any smaller fringe poker network, or US accepting sites right now. I’m not saying don’t play on them, but I’d keep your bankroll moderate and within a range that if you lost it, it wouldn’t drastically impact your financial situation.
Here’s to hoping things turn out well for those awaiting cash outs!