Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
Statement from Gambling Supervision Comission
"The Isle of Man Gambling Supervision Commission wishes to make it clear that the licensing status of PokerStars in the Isle of Man remains unchanged following today's statement from the Gambling Control Commission in Alderney. Alderney is a separate jurisdiction from the Isle of Man and the operation in question is separate from PokerStars.
PokerStars continues to demonstrate compliance with its licence conditions in the Isle of Man. PokerStars continues to offer withdrawals to any players who wish to withdraw their funds, including players in the USA to whom PokerStars does not currently offer real-money gaming."
Official Statement from PokerStars
"In light of today’s news that Alderney Gambling Control Commission has suspended Full Tilt Poker’s license, PokerStars wishes to assure our customers that their funds are completely safe and that our operations are completely unaffected.
The Isle of Man Gaming Commission today re-affirmed that PokerStars' worldwide licensing is intact and that our operations are in full compliance with all of its requirements. PokerStars' online operations continue as normal and all funds in players’ accounts are safe and available for withdrawal as usual with no delays.
PokerStars also remains in full compliance with our licenses in other jurisdictions where we are regulated, including France, Italy and Estonia.
As provided under our licensing, PokerStars has always maintained the integrity and security of our players’ funds, by keeping all such funds in segregated bank accounts, always available for immediate withdrawal.
Since the actions of US Department of Justice in April, we have returned more than $120 million to US players and continue to act upon requests as they are received. Players outside the US have not been affected and all cash-outs have been processed without delays. Further, PokerStars entered into an agreement with the Department of Justice which expressly confirmed the company’s ability to operate outside the US.
We will continue to operate as a responsible corporate citizen and are committed to serving the needs of our customers in complete compliance with our regulatory requirements."
Joined: Apr '11
Location: Romania
Age: 35 (M)
Posts: 6669
This might sound like a good news on the first hand but if you look at the decision of the alderney gambling comission to ban full tilt poker you'll find out that the reason was pretty much similar to what is currently happening to pokerstars
I mean ftp was banned because they are investigated by fbi for money laundry , and if you clearly remember pokerstars is under the same investigation along ftp and cereus network, so probably this could happen to pokerstars pretty soon, of course this is a spoiler
Well, i hope all will be good and pokerstars will keep their buisness going but who knows something for sure nowadays.....
Joined: May '09
Location: India
Age: 37 (M)
Posts: 4873
i think fulltilt got screwed because of their payment policies and inability to process cashouts, but pokerstars managed to pay most ( if not all ) US players so they might be 'safe'. and they might makeup on the lost player base as their biggest competitor is 'gone'.
