U.S. seisure of online poker players funds

Donkathon

just thought this might be of interest to some people

http://forumserver.twoplustwo.com/28/internet-poker/online-poker-seizure-made-front-page-yahoo-finance-505384/

the whole year inn

Poor americans.Some of the lads over in 2+2 are freaking out.If I had money in any of those sites I get it out for now.

opr

Surely this has finally forced the issue and while the poker sites seem to be taking the hit on this round of freezes they surely can't continue doing business in the U.S. ?

Opr

Grafter

opr wrote: »

Surely this has finally forced the issue and while the poker sites seem to be taking the hit on this round of freezes they surely can't continue doing business in the U.S. ?

Opr

Stars and Tilt have grown and grown over the past couple of years.

If (I assume) only a small percentage of US related deposits are held by any given payment processor and the rest are in a place where the US can't easily get at them, then the benefits of having US customers will continue to outweigh the odd minor mulitimillion dollar hiccup.

Mellor

What "processors", sites etc are actually affected.
Any cause for concern here?

Donkathon

Mellor wrote: »

What "processors", sites etc are actually affected.
Any cause for concern here?

from whats going on over on 2+2 they said fulltillt and stars at least

RoadSweeper

Is there any need to withdraw my loot from stars?

Donkathon

RoadSweeper wrote: »

Is there any need to withdraw my loot from stars?

I dont think so, I've very little on there but my account is on self exclusion for a little while and i dropped them a email, reply;

Thank you for your email.

As you know, Bank of America is an independent, publicly held company
and we are unable to speak for or comment on Bank of America's
internal policies. PokerStars is owned and operated by a legal entity
located in the Isle Of Man (a crown dependency of the United Kingdom)
and we pride ourselves on abiding by all relevant laws and
regulations.

We would like to reassure you that all funds held with PokerStars are
completely secure. Player deposits are held in a separate bank
account so that they remain completely isolated from all other aspects
of the business.

PokerStars uses a number of processors and a variety of methods for
players to cash out their funds. You can be assured that your money
is always safe in your PokerStars account, and you will always have
access to your funds.

If there is anything else we can help you with, please let us know.

Best regards

Andrew
PokerStars Payment Services

Donkathon

I never mention bank of america so it must be something to do with them

sceptre

Kind of odd that they mention Bank of America - it's not one of the three banks listed. I suppose that's a side-issue though. Either way, no fear there.

The Tourist

Imagine the amount of interest stars make on their deposits of players funds.

Tony_Montana

Ouch

Mellor

Bank of america cards haven't been allowed to deposit on PS for a long time now, 18-24 months ago I tried to use my BoA card on PS and it was refused.

Donkathon

Donkathon wrote: »

I never mention bank of america so it must be something to do with them

have to laugh at FTP support sometimes,
I send both pokerstars and FTP the same email at the same time and have only this morning gotten a reply from FTP :rolleyes:

Pretty much the same reply anyway