Poker Stars issued a statement yesterday to confirm that players’ funds are safe. They did this as a result of the news that Alderney Gambling Control Commission suspended Full Tilt Poker’s operating license yesterday.
The statement, which can be found on PokerStarsBlog.com, said that “PokerStars wishes to assure our customers that their funds are completely safe and that our operations are completely unaffected”.
They also said that their license is “intact” and that their operations “are in full compliance with all of its requirements.” Furthermore, business will continue as usual as funds in players’ accounts are “safe and available for withdrawal as usual with no delays.”
Poker Stars were also quick to point out that they are fully complying with their license requirements in other jurisdictions such as Italy, France and Estonia. They said they maintain the “integrity and security” of their players’ funds “by keeping all such funds in segregated bank accounts, always available for immediate withdrawal.”
Finally, since the indictments on Black Friday, Poker Stars “have returned more than $120 million to US players” and are continuing to do so as they come. Also, non-US players “have not been affected and all cash-outs have been processed without delays.” They also confirmed that the agreement with the Department of Justice “expressly confirmed the company’s ability to operate outside the US.”
The final part of their statement reads as follows:
“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.”
According to PokerScout.com (no link), Poker Stars traffic is up 5% day on day due to the Full Tilt Poker license news yesterday. This statement from Poker Stars is a firm statement that they have their company in order. Poker Stars players should be happy with their statement as it shows they are set up to handle any situation professionally.