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Gambling 9-11 is lock's **** buddy

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05-12-2013 , 09:55 PM

#51

JimAfternoon

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 6,903

Quote:

Originally Posted by Chris Costigan

We will have our interview with Lock CEO Jennifer Larson hopefully on Monday.

I'm sure it will be hard-hitting and informative.

05-12-2013 , 10:20 PM

#52

Chris Costigan

enthusiast

Join Date: Feb 2012 Posts: 74

Part I of the interview with Jennifer Larson is now up.

05-12-2013 , 10:29 PM

#53

JimAfternoon

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 6,903

She didn't really answer anything, but the questions were good, especially those expected for the next segment.

Not bad. Much better than the stillborn piece.

05-12-2013 , 10:33 PM

#54

Chris Costigan

enthusiast

Join Date: Feb 2012 Posts: 74

Quote:

I can poll it up for you if you'd like to put that to the test though.

Sure why not.

05-12-2013 , 10:34 PM

#55

Chris Costigan

enthusiast

Join Date: Feb 2012 Posts: 74

Quote:

She didn't really answer anything, but the questions were good, especially those expected for the next segment.

Thanks Jim. We can always do a follow up based on feedback from the TwoPlusTwo crowd as well.

05-12-2013 , 11:08 PM

#56

allovaurface

centurion

Join Date: Jun 2008 Posts: 182

After reading part 1 of the interview I honestly felt like I was reading some of shane's responses he has posted on here. Felt like I learned nothing new at all.

Chris if you don't mind me asking what other poker news websites like gambling 911 were in attendance? And please ask Jennifer why did Shane agree to having a audit done over a year ago?

05-12-2013 , 11:22 PM

#57

Mccormick

old hand

Join Date: Mar 2010 Posts: 1,982

http://www.gambling911.com/businessf...ns-051213.html they looking into BitCoin?

05-13-2013 , 12:01 AM

#58

nickj7777

journeyman

Join Date: Nov 2010 Posts: 379

"One of the largest US-facing online poker rooms has confirmed they are exploring a Bitcoin payment platform. This is the biggest online gambling company to date that has announced plans to offer the digital currency."

ummm.....this paragraph is intentionally misleading.

05-13-2013 , 12:26 AM

#59

Chris Costigan

enthusiast

Join Date: Feb 2012 Posts: 74

Allovaurface a French site MyPokerSquad was in attendance. There was a poker forum owner there as well. Otherwise the vast majority were pros. I'm not aware of other affiliate sites. The last retreat it was just us and Bluff.

05-13-2013 , 02:09 AM

#60

JimAfternoon

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 6,903

Quote:

Originally Posted by Mccormick

http://www.gambling911.com/businessf...ns-051213.html they looking into BitCoin?

Could be epic.

If Lock would offer to pay out anyone in the cashout backlog who was willing to accept btc, the price of Lock would more than double in a day, and possibly end up back at .85+ in no time.

05-13-2013 , 05:28 AM

#61

HammerMan72

adept

Join Date: May 2012 Posts: 940

Quote:

Originally Posted by Chris Costigan

Part I of the interview with Jennifer Larson is now up.

Quote:

G911: Why not offer proof of solvency if Lock Poker is so financially sound? Why you do not have a 3rd party verify that player funds are segregated and safe?

Larson: The DOJ has shown repeatedly that it can and will seize players' funds and hold these for months - if not years - absent any valid legal basis to do so.

This situation makes it impossible for Lock to provide any independent, third party verification of the segregation and amount of player funds. We have spoken to a number of companies that provide such audit services, however, they are unable to state that if pressured by the US Government they will not disclose the details of the Lock accounts they audit. They have been frank and acknowledge that they want to be able to conduct business with US companies and admit that the threat of being "black listed" by the DOJ, even if informally, cannot justify their taking on Lock as a client. No other online gaming site has or can publicly open its "books".

CIGA - Code of Conduct

Quote:

1. Regulatory Compliance: All CIGA members will abide by the law and regulations of the jurisdiction of the Netherlands Antilles. Each CIGA member issued a bona fide gaming license from the Netherlands Antilles shall provide evidence of that license and will be presumed to be operating under the authority and within the scope of that license.

2. Consumer Privacy and Data Protection: CIGA members will design and operate their services to afford customers privacy and confidentiality and will post their confidentiality practices and procedures. Each CIGA member will institute controls to detect and eliminate fraud and to protect data and the system from internal and external breaches.

3. Financial: All CIGA members will ensure that there is adequate financing available to pay all current obligations and that working capital is adequate to finance ongoing operations. CIGA members will pay winnings and account balances promptly on demand.

4. Banking and Transaction Processing: CIGA members will conduct their banking and financial affairs in accordance with generally accepted standards of internationally recognized banking institutions. Members will follow and adhere to all jurisdictional laws pertaining to transaction reporting.

5. Dispute Resolution and Audit Trails: In order to provide prompt and efficient dispute resolution each CIGA member will retain detailed transaction records which will be archived, accessible and auditable by the Curacao Gaming Commission.

6. Accountability: To enhance customer confidence in gaming system integrity, CIGA members making their service available in Curacao voluntarily agree to make their systems, algorithms and practices available for inspection and review by any legitimate gaming commission or governmental authority or to any independent testing authority recognized by the CIGA, in accordance with generally accepted methods for protecting proprietary information.

7. Limiting Accessibility by Minors: CIGA members will institute adequate controls to prohibit minors from accessing their gaming systems. The controls will require customers to affirm that they are of lawful age in their jurisdiction, and the CIGA member shall institute reasonable measures to corroborate this information.

8. Control of Compulsive Gambling: CIGA members will implement adequate procedures to identify and curtail compulsive gambling, the small percentage of which players develop problems attributed to gambling activities, problems that can severely affect those individuals and their families. The procedures instituted shall include posted loss limits, and provision of referral and direct access to help and counseling organizations.

05-13-2013 , 06:46 AM

#62

DonSwanLeon

journeyman

Join Date: Feb 2006 Posts: 388

Quote:

Originally Posted by Chris Costigan

Thanks Jim. We can always do a follow up based on feedback from the TwoPlusTwo crowd as well.

I agree, questions were good. What are your thoughts on the answers? You can't agree with everything she said. Surely you know that the DoJ already has information on Lock Poker. If the DoJ wanted Lock, they could and would get them. You've made claims that you have been in the business for a long time and I believe you, so why not rebuttal her claims with facts?

Here's an excerpt from a thread on 2+2 that practically mirrors your interview and what she was going to say:

Quote:

Originally Posted by Kilowatt

Why Lock's Answer is BS: There are a few major problems with Lock's excuse. First off, respectable auditing firms take confidentiality extremely seriously. If such a leak occurred, it would destroy the well-cultivated reputation of these auditing firms, so such a leak would never happen. Second, the US DOJ has always held the position that they are not interested in seizing player money. In every case of seizure of poker site money (dating all the way back to the 2007 Neteller seizures), the US DOJ has refunded it to players (or allowed the company to do so) after learning that it was player money. Thus, Lock is not protecting the players from anything. Finally, even if there was a tiny chance that a leak could occur and the DOJ would seize the money, that risk pales in comparison to the risk Lock is taking to their business by allowing widespread speculation (and belief) that they are broke. Therefore, if this audit could assuage everyone's fears about Lock and bring the site back to respectability, Lock would do it in a second, even if it did carry a little risk (which it does not). In reality, Lock refuses to do this because they are broke, and an audit would prove that.

here's a link to the thread:

http://forumserver.twoplustwo.com/19...101-a-1328988/

05-13-2013 , 07:15 AM

#63

39suited

But it was suited

Join Date: Feb 2008 Posts: 8,189

Quote:

Originally Posted by Chris Costigan

Allovaurface a French site MyPokerSquad was in attendance.

In other news there won't be anyone to confirm unbiased reporting since that staking platform has several Lock Pros representing them including "The Grinder".

05-13-2013 , 07:19 AM

#64

DonSwanLeon

journeyman

Join Date: Feb 2006 Posts: 388

Quote:

Originally Posted by 39suited

In other news there won't be anyone to confirm unbiased reporting since that staking platform has several Lock Pros representing them including "The Grinder".

Is mypokersquad a French site aligned with ISPT and Partouche Poker Tour? Are they are part of the Bernard Tapie Group?

05-19-2013 , 01:30 PM

#65

derSchwartz

journeyman

Join Date: Apr 2013 Posts: 235

Chris,

Screw you for writing this article and for posting this baby picture.

http://www.gambling911.com/poker/loc...rn-050713.html

I don't know you, but with the information I have you seem like a complete *******

Last edited by derSchwartz; 05-19-2013 at 01:33 PM. Reason: Toned down profanity

05-19-2013 , 06:43 PM

#66

donkiman

grinder

Join Date: Jan 2010 Posts: 507

5. Dispute Resolution and Audit Trails: In order to provide prompt and efficient dispute resolution each CIGA member will retain detailed transaction records which will be archived, accessible and auditable by the Curacao Gaming Commission.

Sooo do we know if the CGC has ever actually audited Lock? The CEO made it pretty clear that her books will never be touched by any auditing body, but it would seem that the CGC should have some pull here....

06-04-2013 , 07:32 AM

#67

HammerMan72

adept

Join Date: May 2012 Posts: 940

Yo Chris... will you do a follow up on your news article "Lock Poker Cash Payouts Resume" with Jennifer?

In your article from the 26th of May you quote Jen stating:

Quote:

“The E-comm team works constantly to find new, reputable payment processors to provide secure, fast options to our players,” Larson told Gambling911.com in an exclusive interview two weeks ago. “Our number one priority right now is reducing payout times over the next few weeks.”

And you also make the statement:

Quote:

Lock has significantly reduced the backlog for those waiting on both Skrill and Neteller payouts residing outside the US over the past two weeks.

Well, there hasn't been any significant change in payout processing. In fact since your first "exclusive interview" (after which a couple of larger batches have been confirmed by 2+2 users) things have slowed down again and not improved.

I would like to see another interview with Jen to make an official statement about the improvements made in the last couple of weeks and when those will atually be felt by us, the players.