PokerStars, Isle of Man GC Issue Reassurance Statements

Both PokerStars and the Isle of Man Gambling Supervision Commission have issued statements reassuring players the actions taken towards Full Tilt by the AGCC do not affect the operations of PokerStars.

News of the suspension of Full Tilt's operating license by the Alderney Gambling Control Commission pending a July hearing spread quickly this morning, but both PokerStars and the IMGSC were similarly quick to nip any speculation about PokerStars' operations in the bud.

Said the Gambling Commission in a release:

"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 license 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."

Similarly, PokerStars issued its own release re. the FTP shutdown:

"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 reaffirmed 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."

More information will be posted as it is released.

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Sarakawa 2011-06-30 11:03:46

Mr. Anderson is spot on on all 4, I reckon it will be legal to play online iin some states before the end of the year.

Mr Anderson 2011-06-30 10:03:52

Unfortunately Stumped doesn't seem to know what he's talking about. DD, your answers are:

1. It's always been illegal, it's just been made harder to play by legislation in recent years. However, several states and Washington DC itself are close to passing localised legislation allowing online poker, so the situation is going to improve.
2. It's always been banned because of religious and moral reasons. The US, land of the free except for gambling, there's always been a big outcry by the majority of the religious population. State deficits are forcing a change on the horizon.
3. Since always, but it was made tougher to play by the UIGEA (2006 I think) which stopped banks processing gambling transactions by law.
4. None whatsoever. It's already true. When they get legalised in certain states or federally, casinos will get back to the US market, until then they'll just keep registering offshore on the islands.

Stumped 2011-06-30 07:36:48

1) yes it is now illegal in the US
2)money laundering, fraud
3)couple of months ago
4)big effect. Unless they decide to give a cut to the US government they won't be back. The era of online poker is over.I love to play but since I can't anymore I have a different look at the game now.

Damian Dougherty 2011-06-30 06:22:46

4Questions:
1)Has online poker or casino gambling been made illegal in The US of A
2) for what ridiculous reason
3)since when
4)what effect will this have on world wide online casinos if it is true