Poker news tagged with 'us players'

Last week, PokerStars' purchase of Full Tilt Poker through the Department of Justice was officially completed, which means that all non-U.S. players will be get their money back - totalling $184 million - within 90 days. In total, $225 million was transferred to the U.S. government last Thursday, and the remaining $547 million will be paid over the next 3 years.

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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 player deposits for players outside the U.S. are also completely safe and secure. PokerStars has always held all such funds in accounts that are segregated from company assets, in compliance with the strict licensing laws of the Isle of Man.

The company continues to operate outside the U.S. under the www.pokerstars.com domain name and retains its position as the world's number one poker site. "

So it seems that US players can now rest assured that they will get their funds back eventually!