Good news for US players having funds "frozen" with PokerStars at the moment. PokerStars just issued the following press release yesterday:
"In agreement with the U.S. Department of Justice, PokerStars has made arrangements with a US bank and today began the process of returning player funds to former customers in the US.The funds to cover these withdrawal requests are readily available.All playe[...] Read more » PokerStars starts paying back US players
Joined: Apr '09
Location: Portugal
Age: 44 (M)
Posts: 4827
Forbiding the payments to US players, as to others from around the world, could only be applyed if it happens something as big as the bankruptcy of Lehman Brothers, and, as far as i know, US authorities arent thinking about canceling the business continuity of Pokerstars.
Joined: Apr '09
Location: Australia
Age: 40 (M)
Posts: 6483
had to have a laugh at this:
" in compliance with the strict licensing laws of the Isle of Man"
If ever it bites you in the ass being located in some "non-event" country its when you have to form a sentence like that.
Anyway, to continue - out of curiosity I looked up the Isle of Man in wikipedia.. Apparently whilst the island is not technically part of the UK - Queen Elizabeth II is in fact its head of state. As such, she holds the title "Lord of Mann" now thats funny !
Joined: May '09
Location: India
Age: 37 (M)
Posts: 4873
poker sites are smart, licensed in obscure parts of world. many people will have to google to find where they are lol. Regarding funds it was only a matter of time they wud be asked to pay them to US players
Joined: Jan '11
Location: United States
Age: 60 (M)
Posts: 3361
I know this is good for PS players/ U.S. account holders, but has there been any updates pertaining to FullTilt. Also, are U.S. citizens going to be allowed to play real money games at PS or FT again? I know there would probably already be info on this if any was available, but I had to ask the question hoping for some positive feedback. Good Luck to Everyone who can enjoy playing real monery games and hopefully the U.S. citizens can be a part of this soon.
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
Thats definately good news for all U.S. players that had an account and real money on Pokerstars. After the Black Friday i saw an interview saying that the US bank accounts of Pokerstars and Full Tilt Poker that the US governament blocked were used for internal payments and also short term players payments. In other words Pokerstars transfered money to US bank accounts from their UK accounts for US players withdrawals for short terms( a week or so). So the vast majority of all US players are in bank accounts outside US. I'm sure after couple of months(end of summer) US players will be able again to play real money games on Full Tilt Poker and Pokerstars.