Could Troubling Rumors about Innovative Online Poker Room PokerShare be True?
7 November 2005

Recently rumors have been surfacing that the unique online poker room PokerShare, which promises players a share in their profits, appears to be in hot water. These rumors surfaced after last weeks reports revealed Excapsa network, the Toronto based company which controls the network on which PokerShare operates, were paying players out after closing their accounts.

PokerShare, which is still relatively new to the online casino industry, had only been online for 2 months, and it was unclear why the moves that were recently made by Excapsa occurred. However, there was a widespread rumor which suggested that the more established sites on the network (particularly Ultimate Bet) had raised complaints about PokerShare’s success in attracting players away from their site. In regards to this issue, Online-Casino.com and InfoPowa are currently awaiting a response from Excapsa.

Apparently this whole issue publicly exploded when players of the online poker site were sent emails that told them to soon expect checks in the mail. Many of PokerShare’s players had full bankrolls in during this time, and players were concerned that they would not receive the part of the profits that they were promised. PokerShare’s promise to its players is that players will receive a 40% share of all their profits and they will allow rakeback affiliates. Thus, players could also receive a handsome rakeback that in many cases was as much as 30%.

Although the current reports remain unconfirmed, it is believed that on the 1st of November, Excapsa put an end to all PokerShare accounts on the network. It is also suggested that they informed every member of PokerShare about this via email, and made sure their office was fully staffed 24/7 so they could handle all questions, and so they could also quickly hand out refunds to players. It is still unknown if PokerShare was informed of this action before it took place.