Lock Poker Players Selling Dollars for 33 Cents

This story was published more than 10 years ago.

Troubled internet poker site Lock Poker is seeing its players offering to sell off their account balances for as little as 33 cents on the dollar, an ominous sign that the poke firm is getting a vote of no-confidence from its clients.

The 33 cent marker is the lowest point that currency has gone for on the poker site. Things really seemed to heat up this week when professional poker players Greg Tiller and Jarred Hubbard put tens of thousands of dollars that they had stashed in the poker client up for sale.

Lock has been hit with allegations that it is in financial trouble, due to the stunning amount of player claims who say that the site has been painfully slow in paying out their balances.

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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CL-Ed's picture
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1 July 2013 - 2:36am

The even more disgraceful thing about this is that a month or so ago the CEO was hosting a bunch of professional poker players to a week-long "retreat" at a Portuguese castle, splashing the cash and all the while failing to pay players.

That stinks.

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barbadosslim93's picture
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1 July 2013 - 3:04pm

Shocking. I can't even express how pissed off I would be if someone that owed me money went out splurging like that.

They should be shuttered and put up on charges.