Tens of Thousands in Player Funds Vanish

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That’s the apparent takeaway from the recent closure of little-known poker site KingdomOfPoker.com.

A source close to the room estimates that roughly $50,000 in player deposits held at KingdomOfPoker (KOP) have yet to be returned to players.  The room itself is closed and players have no formal mechanism to request or track withdrawals.

The website KingdomOfPoker.com now carries only the following statement:

It is with regret that KingdomofPoker.com has ceased trading.

The company’s vision to unite the Asian credit poker market with the Western debit player base relied on the financial integrity of the company’s Asian partners, and their ability to guarantee the debt/credit of their players. Regrettably, after operating normally for 6 months, our Asian partners have defaulted on funds owing, i.e., their player losses, thereby forcing the company into liquidation.

At this time the company is doing its utmost to recoup the funds with a view to making players and suppliers whole, however there is no guarantee that any funds will be recovered. Currently no payouts are being processed due to lack of funds. Should funds ultimately be recovered, players will be contacted via the email address registered on their player profile. If you would like to make an official claim to recoup funds please use the Contact Us email link below.

KOP launched in fall of 2011 and was billed as a site aimed at the Asian demographic.  Four players were advertised as “Kingdom Pros” at launch:  Andrew ChenSimon CharetteJoe Tehan and Jon Van Fleet.

In addition to those four site pros, Alex “Assassinato” Fitzgerald was represented by KOP marketing materials as their poker room manager.

Fitzgerald had this to say in a thread on TwoPlusTwo regarding KOP’s closure:

When UltimateBet/Absolute Poker folded without paying players I was critical of their consultants who were poker professionals. I did not understand how they didn’t offer the paychecks they received from the fraudulent company up to the aggrieved players. It seemed they took payment to assistant a company that hustled players.

I wish today I could be tested on what I thought of those consultants then. Unfortunately, I never received one paycheck from Kingdom Of Poker that I could offer to the players who have not been made whole. I have actually lost a large amount of money with Jeffrey Tan as well. […]

I apologize for putting my name on a company that has defaulted on any payment. My job was to help improve the software and offer consultation as to what poker players would really want out of this. I promise you I had nothing to do with the financials, ever. This caught me completely off guard. I promise I will do everything in my power to make this situation right.

The other players associated with KOP have yet to publicly address the matter.  It’s not clear who was still affiliated with the site when it closed; a search of the Internet Archive reveals no captures of the KOP website for 2011 or 2012.

 

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Chris Grove
- Chris is the publisher of OnlinePokerReport.com. Grove also serves as a consultant to various stakeholders in the regulated market for online gambling in the United States.