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AGCC Suspend’s Full Tilt’s License, Pokerstars Reassures Players

Posted by : ikelos on Friday, July 01, 2011 permalink
On June 29 2011, the Alderney Gambling Control Commission suspended Full Tilt Poker's operating license. Under the terms of suspension, Full Tilt Poker is no longer permitted to:

- Accept deposits from players
- Process withdrawals for players
- Accept new player registrations
- Operate any poker games for players

At Pokerstars, it's business as usual. The company has issued a detailed press release to reassure its players across the world:

DOUGLAS, ISLE OF MAN – JUNE 29 – 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.
For further information please contact .(JavaScript must be enabled to view this email address).

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