..

Cake Poker Cashouts: The Fastest Way to Get Your Money

Written by:
C Costigan
Published on:
Jun/18/2011
Cake Poker Cashouts

Like with most US-facing online poker rooms/networks, Cake Poker is currently suffering from a cashouts backlog that they hope to have rectified within the next month or so.  The US Government went after Full Tilt Poker, UB.com and PokerStars on April 15 after they were alleged to have been engaging in bank fraud and money laundering,  The Cake Poker Network was not embroiled in this investigation, but players across the board have been inconvenienced as a result as US-facing networks look to ensure they work with the best payout processors (and vice versa).

Not all Cake Poker rooms are alike and Gambling911.com strongly suggest playing at one (a skin) that offers its own payment platform.

We touched on a few of these already.  They include PokerWorld.com (operated by TheGreek.com, one of the biggest names in online sports betting) and Intertops.com (the first online gambling website to come online).  Both are primarily sportsbook operations, though Intertops tends to focus heavily on its online casino operation.  It is pretty widely known that The Greek does not make much money from his Cake Poker skin, nonetheless, the hope is that poker players will ultimately move over to the sports betting side of his business and start wagering on sporting events. 

Gambling911.com recently had an opportunity to speak with Chuck Kidd while in Costa Rica.  He’s the head of the Poker Players Network (PPN), another Cake Poker skin.

Like with The Greek and Intertops.com, PPN offers its own payment processing platform, which allows customers to get paid faster than with a number of other Cake Poker rooms during these trying times in most instances. 

“Cake has been great so far,” Kidd noted regarding his nearly 6-month relationship with the US-facing online poker network.  He had previously operated on three other networks before joining Cake. 

The Cake Poker network is working on ways to improve payouts but Kidd explains that processors serving the US market are few and far between.

“For now it is going to be harder to get money into the United States,” he acknowledged. 

- Chris Costigan, Gambling911.com Publisher

Poker News

Jungleman, Other Phil Ivey Backers Seek Court Action to Reclaim Winnings

Jungleman, Other Phil Ivey Backers Seek Court Action to Reclaim Winnings

Big name poker players Dan Jungleman and Illya Trincher have filed a court action in an effort to claim their share of Phil Ivey’s World Series of Poker winnings after getting caught in the crossfire Borgata's battle to collect on a legal judgement.

$5,000,000 High Five Tournament Series Returns 4 20 Days

$5,000,000 High Five Tournament Series Returns 4 20 Days

The High Five poker tournament at Americas Cardroom returns, bigger, better - and can we be blunt - four times richer than the previous tournament, with $5,000,000 in guarantees. It runs September 10th-29th.  And WE'ED love to see you win it.

Poker Player Calls Cops After Busting Tournament And Gets Herself Arrested

Poker Player Calls Cops After Busting Tournament And Gets Herself Arrested

An unidentified female poker player busted then got busted, literally, all after earlier offering to flash her breasts.

PartyPoker War on Bots Continues, Closes to Serbian Market

PartyPoker War on Bots Continues, Closes to Serbian Market

PartyPoker continues to wage war on bots, this time resulting in the termination of 121 fraudulent accounts and $76,267 and €88,351 confiscated.

Winners of Seminole Hard Rock Poker Open Announced

Winners of Seminole Hard Rock Poker Open Announced

For the fifth consecutive year, the Seminole Hard Rock Poker Open (SHRPO) concluded with the crowning of The Big 4 champions at the Hard Rock Event Center at Seminole Hard Rock Hotel & Casino Hollywood.

Syndicate