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Some Facts About Poker Black Friday

Do you want to gather sufficient information about poker black Friday? Do you know why this day is of so much significance in the poker industry? Everyone who loves poker or who is enthusiastic about poker games is very well-aware of Poker Black Friday. Poker Black Friday dates back to April 15, 2011 when the three principals of the leaders of the poker industry were charged by the United States Department of Justice for being fraud and illegal entities who were involved in illegal and misconduct business behaviors.

Still, people can recall the day “Poker Black Friday” with utmost clarity as it was the black day for many people and the day have been marked down in the history of porker. April 15, 2011 is known by many experts as the beginning of new era for poker industry. On that day, three well-known entities i.e. Full Tilt Poker, Poker Stars and Absolute Poker were charged by the United States Department of Justice for allegations of illegal gambling offences, laundering huge amount of money which went up to billions of dollars in the illegal proceedings of gambling and bank fraud as well.

When the court took the action against the three principals who were the leaders in the poker industry, the whole picture of poker changed as the internet domains used by Full Tilt Poker, Absolute Poker and Poker Stars were seized. The bank accounts of all the three principals of the poker entities were frozen, which they were using for their operation and payment processes as well. After such action by the court, all the three operators banned all their players’ especially American players from their sites and froze all their money accounts.

For most of the people, the arrest of the owners of the online poker sites was a shock and the poker community named that day Poker Black Friday. However, many well-known personalities of the poker industry agree that FBI took the right step as the owners were trying to wrap things up so that they cannot get caught. Most of the leaders in the poker industry were aware of the investigation happening in the New York regarding the payment processors in relation to the relationship with the websites of the poker. The arrest of the owners was a huge shock and it happened so fast that it significantly impacted the flourishing industry of United States.

The closing down of the three large online poker websites significantly affected the poker industry as all three of them collectively had 95% of the market share for poker players in USA. After the disappearance of the sites, the market share was lost and so was $200 million worth of money for marketing and advertising as these companies spent such amount of money to attract more customers. Hence, the entire scenario of the poker industry changed and the entities that existed at that time had to face lots of difficulties to bring the market back on track. Currently, the online poker business is down and it will take time for the whole industry to recover and gain customer’s confidence.
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