Betcoin.ag, a cryptocurrency online gambling site, has reportedly shut down their online poker client, on Christmas Day of all days. On the 18th of this month, Betcoin released a statement saying that they had been acquired, by an unnamed company. The new owner apparently had no plans for the online poker client and would be shutting down just a few days after the announcement, on Christmas Day. The online poker room has been plagued with problems for some time now.
Betcoin did not have a good reputation online, despite being a cryptocurrency option. The brand had several complaints involving shady behavior, including a rake increase that was unannounced, paying individuals to post positive remarks on BTCTalk, not showing concern for player security and game integrity, among other problems.
Players took to forums to discuss the closure, with many wondering if they would be reimbursed for their contribution to the Bad Beat Jackpot, that may or may not have existed. Allegations have also been made against the brand in regard to bots being used to push the traffic numbers at the cash gaming tables.
In their announcement, Betcoin stated that they will continue to provide the same great service, including their VIP program, Instant deposits and withdrawals, with casino and live casino gaming on offer. A new sportsbook is also available and will remain on offer.
As for now, Betcoin has remained quiet on player comments and info about the changes, aside from their initial announcement of the acquisition and poker room closure. It should be safe to assume that Betcoin will release further details in the future as the new company begins operations.
For now, the Betcoin poker room is remembered by some as a good option for online poker including cryptocurrency financial options, while others seem to remember the site as one that was plagued with issues and a not so player-friendly environment.
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