Interesting development from Pokerstars |
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Posted Wed Oct 25, 2006 2:44 pm GMT by wEbMaStEr
Although Pokerstars have yet to come out with a conclusive statement re: their position in the aftermath of the Safe Port act other than their "wait and see" policy, I found the following quite interesting...
Pokerstars have often made a big deal about how all players funds were held in segregated accounts with the Royal Bank of Scotland so I was a little worried when the RBS came out with the following statement recently.
(they) "will be telling corporate clients they're not prepared to do business with companies that take online bets from the United States"
RBS/Barclays statement
So I emailed stars and was pleasantly surprised to not just recieve a form response, but in fact a statement of how they are moving funds from RBS to other European banks which are glad of their business.
PokerStars maintains banking relationships with several other leading
European banks, which have not been affected. RBS has provided us with
sufficient time to move player funds to these banks, and we are in the
process of doing so at this time.
Credit card processing is done through various other processors, who
are continuing business as usual.
Your funds remain completely safe with PokerStars.
Regards,
Erick
PokerStars Support Team
Quite heartening really, and looks as tho stars will be continuing to do business in the US even if they're not coming right out and saying as much.
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Posted Thu Oct 26, 2006 12:37 am GMT by groton
lmao
so Stars is basicly loundering are money throe many Many banks so the Feds cant bust them 
Posted Thu Oct 26, 2006 11:48 am GMT by Fat Tony
| groton wrote: | lmao
so Stars is basicly loundering are money throe many Many banks so the Feds cant bust them |
That's not what this says at all. Their current bank is choosing to follow the new US law so PS is being forced to move the money they are holding for American players to another bank. They are doing this out in the open, so how are they laundering anything?
Posted Thu Oct 26, 2006 12:50 pm GMT by groton
tony i was trying to be a bit funny there.
Posted Thu Oct 26, 2006 2:49 pm GMT by zinn0
We don't permit humor on this forum.
Posted Thu Oct 26, 2006 4:22 pm GMT by Johny
| zinn0 wrote: | | We don't permit humor on this forum. |
Yeah so piss off.
Posted Fri Oct 27, 2006 6:58 pm GMT by ninetensuited
| zinn0 wrote: | | We don't permit humor on this forum. |
or people from Ohio
Posted Fri Oct 27, 2006 7:16 pm GMT by wEbMaStEr
Unfortunately due to recent US legislation which was piggybacked on an unrelated bill, this forum is now legally bound to have at least two Iowans on the membership at all times 
Posted Fri Oct 27, 2006 10:09 pm GMT by zinn0
| ninetensuited wrote: | | or people from Ohio |
Or bums in the "chair force".
Posted Sat Oct 28, 2006 6:19 pm GMT by ninetensuited
| zinn0 wrote: | | ninetensuited wrote: | | or people from Ohio |
Or bums in the "chair force". |
i guess i fit that resemblance!
Posted Mon Oct 30, 2006 10:37 am GMT by UrAteUp
| wEbMaStEr wrote: | | Unfortunately due to recent US legislation which was piggybacked on an unrelated bill, this forum is now legally bound to have at least two Iowans on the membership at all times |
Damn skippy Webby...glad I got that bill passed....  . Now Dat_Dude and myself can create all kinds of hell here and you can't kick us out...
Let the hell begin... 
Posted Mon Oct 30, 2006 1:44 pm GMT by flafishy
PokerStars.com - Our business continues as before
Dear PokerStars Player -
As you are probably aware, the United States Congress recently enacted the Safe Port Act which contains provisions relating to Internet gambling.
PokerStars has received extensive expert advice from within and outside the U.S. which concluded that these provisions do not alter the U.S. legal situation with respect to our offering of online poker games. Furthermore it is important to emphasize that the Act does not in any way prohibit you from playing online poker.
Therefore, our business continues as before - open to players worldwide including the US. You may play on our site as you did prior to the Act.
PokerStars believes that poker is a game of skill enjoyed by millions of players and we remain committed to providing you a safe and fun environment in which to play. We value your loyalty to PokerStars, and look forward to continuing to serve you with the best online poker experience, as we have for the past five years, six billion hands, and 40 million tournaments.
PokerStars Management
This has been posted on their Web site for a couple of weeks now. Seems like a pretty clear stance to me.
I think their delay in coming out with a statement was the time it took to secure a new bank since Royal Bank of Scotland backed out.
Posted Mon Oct 30, 2006 10:12 pm GMT by Soup_dog
The biggest problem I have with the funds that I put in pokerstars is that it always ends up in other player accounts shortly after I deposit.
I keep complaining about it but no one seems to care.
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