TORONTO, April 21 /CNW/ - PokerStars is pleased to confirm that the US
Department of Justice has agreed to release the www.pokerstars.com domain name for use by PokerStars outside the US.
The company categorically denies the allegations brought by the US
Department of Justice on 15th April 2011 and is taking all steps
necessary to robustly defend itself, and the two named individuals.
Meanwhile, the company has stopped offering real money poker services
in the United States.
PokerStars' services outside the US are not affected. The Company has
received assurance from the Isle of Man regulator that its licence
status is unchanged. The company remains compliant with all of its
other international licences.
Following discussions with the US Department of Justice, PokerStars has
now entered into an Agreement which has been publicly filed. The US
Department of Justice Agreement expressly states that the domain name
can be used by PokerStars outside the US to facilitate the provision of
real money poker services, and that PokerStars can pay out player
balances to its former customers in the US.
Returning US players' funds is a top priority for PokerStars and the
company can now start the process of returning money to its former US
All PokerStars player deposits are completely safe. The Isle of Man's
strict licensing laws (similar to other jurisdictions where PokerStars
holds licences) require all funds to be held in accounts that are
segregated from company assets. PokerStars has always complied with
this requirement and continues to do so. This money is readily
available to meet withdrawal demands, indeed the company continues to
comply with withdrawal requests from players based outside the US as
Outside the US PokerStars continues to operate business as usual.
PokerStars.com is the world's largest poker site, with more daily
tournaments and cash games than anywhere else, and with the best
PokerStars operates worldwide under license from the Isle of Man
Government. PokerStars family include PokerStars.fr, which operates in
France under the French government license, as well as PokerStars.it,
which operates in Italy under the Italian government license, and
PokerStars.ee, which operates in Estonia under the Estonian government
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