Jan 29, 2013

Revolution Poker Network Remain Industry’s Slowest for Cashouts

The Revolution Poker Network, owned by Lock Poker and also home to Cake Poker, Juicy Stakes and other sites, continues to struggle under the weight of lengthy, worldwide withdrawal delays that have some onlookers questioning the network’s financial health and asset liquidity.

The troubles at Revolution have steadily progressed following Lock’s acrimonious departure in 2012 from its former home as a Merge Network site, at which time it purchased the Cake Poker Network and rebranded it under the Revolution name.

Plagued by such issues as the temporary loss of Lock’s US-facing Western Union check processor, delays for Americans are stretching well beyond three months, as reported on several player forums. Lock recently announced the resumption of a WU option, but it’s too soon to see if it will result in reduced withdrawal times.

While most networks servicing the US necessarily have delays involved in the payment-processing area, what is unexplained at Revolution are similar lengthy backlogs for international players.

Since such payments can be processed in as little as a few hours via existing e-payment channels, reports of delays approaching two months for such players exceed reasonable expectations. Among the services particularly impacted in forum reports are Revolution’s Moneybookers/Skrill options.

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