LotosPoker declares shutdown proceedings
LotosPoker, an independent poker-room based in Russia and the CIS countries, is set to cease operations by the end of 2018. The company that LotosPoker was part of has filed for bankruptcy, leading to the poker-room's closure.
In the absence of official information, the strategy or procedures for handling player funds upon LotosPoker's closure are not publicly documented. However, it's important to note that negotiations with the GGNetwork management have led to a strategic decision to open a flagship poker-room for Russia and the CIS countries. This new project will assume the responsibility for the bankrolls of LotosPoker players.
The GGNetwork is a separate entity and is not directly involved in the closure of LotosPoker. The new project, once launched, will provide a potential solution for the funds of LotosPoker players. As of now, the new project remains unnamed, and a specific launch date has not been announced.
In the interim, it's recommended that players keep their funds in the Lotos poker-room client, not on the site, for safety during the transition period. Withdrawals for players have been disabled for almost two weeks, but players will be able to withdraw their funds after account verification.
Unfortunately, during this period, players have experienced transaction bugs, incompetent support, persistent technical issues, and more. These issues have caused concern among the player community, but the transfer of funds to the game client balance is a recommended action to secure funds during the transition.
The official announcement about the new project is expected in the near future. The GGNetwork will make an official announcement about the opening of this new project that will assume responsibility for LotosPoker players.
As the situation develops, it's crucial for players to keep a close eye on official announcements from LotosPoker, regulatory authorities, or legal notices related to the closure to obtain accurate and current details about their funds and the future of online poker in the region.
- Despite LotosPoker's closure due to its parent company filing for bankruptcy, players are being offered a potential solution through a new GGNetwork-managed poker-room in Russia and the CIS countries.
- Players should keep their funds secure in the Lotos poker-room client during the transition period, as withdrawals have been disabled but will be reinstated after account verification.
- The GGNetwork has announced that they will make an official announcement about the opening of this new project, which will be responsible for managing the bankrolls of LotosPoker players, soon.
