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POKERSTARS: RUBBING SALT IN FULL TILT POKER’S WOUNDS?

Thursday June 30, 2011 : Online poker giant has already paid $120 million in refunds to US players
 
In an oblique commentary on the trials and tribulations facing Full Tilt Poker following yesterday’s suspension of its Alderney licence, its main rival PokerStars issued a statement Wednesday.
 
The statement reminded players that Pokerstars is still the only one of the three sites named in the Black Friday action by US enforcement officials that has paid its players, due mainly to the requirement of its licensing authority that player monies be ring-fenced in segregated accounts.
 
"In light of today's news that Alderney Gambling Control Commission has suspended Full Tilt Poker’s licence, PokerStars wishes to assure our customers that their funds are completely safe and that our operations are completely unaffected,” the statement reads.
 
“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."
 
In sharp contrast to this professional and factual communication, Full Tilt Poker emailed players late Wednesday confirming the Alderney suspension, but disappointingly failed to deliver any fresh positive news on payments to players.
 
The rather casual email advised players:
 
“As you have heard, the Alderney Gaming Control Commission (AGCC) has suspended Full Tilt Poker’s license with immediate effect, subject to a formal hearing late July.
 
“Full Tilt is in ongoing discussions with the AGCC with the aim of rectifying the situation as soon as possible, therefore re-enabling real money play on the site.
 
“Unfortunately, until this is resolved Full Tilt Poker is unable to facilitate any play, and this includes deposits and withdrawals.
 
“Full Tilt Poker are deeply sorry for this inconvenience and will update you as and when there is further information available.”

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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