Last weekend, Bodog Poker made the headlines for awarding two fortunate online poker players prize packages of $24,000 each, including seats in the upcoming World Series of Poker Europe (WSOPE). However, considering the current financial situation at Bodog, some are speculating as to the accurate pay out of such rewards.
The problems with Bodog Poker first began in early summer when it was announced by Forbes.com that several of the online gaming company’s bank accounts had been seized by the United States Government. Online payment processors immediately started backing off from their business interactions with Bodog Poker for fear of the company’s potential inability to pay their customers.
As it turns out, those online payment processors may have been correct in alienating Bodog Poker as numerous customers have reported rubber checks from Bodog. Further attesting to the financial insecurities at Bodog Poker, just last month the online gaming company laid off 200 employees.
According to Gambling911.com, one Bodog Affiliate complained “This is the third check they bounced with me. I need to yank them down off the site.”
Not all is lost for members of Bodog Poker – at least not on the European side of the market, where regional Bodog Poker affiliates are not expected to experience the bounced check issues that plague US affiliates. In the same token, Bodog Poker doesn’t carry nearly the weight in Europe, where it maintains a significantly low market margin at this time.
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