Time to uninstall Check n' Raise poker from the computer. Why? Take a look at this from ITH (also reposted to 2+2 and RGP):
(emailed from CnR poker to winners of WSOP seats)
"We regret to inform you that CnR will be unable, at this time, to make a lump sum payment for the 10 WSOP seats that were won this year through the “CheckPoints to Millions” and “Freeway to Vegas” promotions on ChecknRaisePoker. However, we plan to make this up to you over the coming months. We will deposit into your player account 5% or more, as cash flow permits, of the value of your entry in monthly installments starting July 31st , 2006 until 110% of the cash equivalent is paid in full.
Unfortunately our cash flow did not allow us to set aside sufficient funds from the time that you won your seat in March. If you plan to attend the WSOP in any event, we wish you the best of luck and we are sure you will have a great time.
Please accept our sincere apologies for having to break this news to you just weeks prior to the event we promised you. Please do not hesitate to contact us by return email, if you have any questions or comments. If you would like to speak to us by phone, please suggest a convenient time and provide a phone number and we would be happy to call you and provide more details and answer any questions that you may have.
XXXX and the ChecknRaise Team"
Wow. Just wow. First off, how could they have mismanaged money this poorly? What this basically means is that they STOLE the money from the tournament entry fees that were to pay for the WSOP seats. That's borderline criminal. Then this casts serious doubts on their cash flow situation if they couldn't raise $50,000 in a pinch. For a room that's a part of a large network like the Poker Room network, they should be doing that in a couple hours, maybe a day or two max. I seriously doubt any of the winners will be seeing any of this money.
As if anyone needed any more of a reason to not play at Poker Room or skins, here's one. I'll certainly never play at CnR ever again.
Free poker money