Black Friday changed the online poker industry around the world. As a result of Black Friday, countries around the globe changed their gambling laws and they underwent an overhaul to allow for more rigorous regulation, stricter laws, and tougher penalties. This was all done for player protection, as well as to prevent any future Black Friday incidents from ever happening again.
Black Friday was the day the U.S. Department of Justice shutdown poker sites illegally operating in the United States. These sites included Full Tilt Poker, Poker Stars, Ultimate Bet and Absolute Poker. These sites were seized, and their bank accounts were frozen, and as a result, player accounts were also frozen, meaning that players could not access their funds and transfer them out.
Since April, not all sites have paid back their players, and it’s gotten to the point now where lawsuits have been filed, and players are still waiting after 6 months. Full Tilt Poker owes $15 million to their Canadian players alone, and $135 million to their United States players and sites like Ultimate Bet and Absolute Poker that are on the Cereus Poker Network still owe players money as well.
Frustrated, players have started reaching out to the Kahnawake Gaming Commission for help. The Kahnawake Gaming Commission will be posting information and news on their site at www.gamingcommission.ca to update players on their efforts.