Poker Companies Allowed to Partially Reopen

US Prosecutors have permitted two out of the three online gambling establishments that were specified in a fraud suit, to reopen their doors. This measure is assumed to be with the intention that clients will be able to pull out their money that was caught after the websites were shut down without any notice.

The organizations’ domain names were seized on Friday by US Authorities after they unsealed the charges in federal court in Manhattan on Friday, April 15. PokerStars, Full Tilt Poker and Absolute Poker were specified in the $3 billion fraud suit.

On Wednesday, PokerStars and Full Tilt Poker were allowed to reopen their sites under the stipulations of a pact with the authorities. Players will be able to withdraw their cash from their accounts and non-US players will still be sanctioned to bet at the poker room for genuine money.

Under the stipulations of the agreement, US players will not be permitted to play poker at the poker sites for money or anything else of value. An objective overseer will make certain that the establishments are complying with the provisions of the agreement.

Eleven names are currently facing fraud allegations and are being charged with deceiving regulators and banks into processing illegal gambling transfers. The accusations specifically comprise bank fraud, money laundering, wire fraud, and illegal gambling crimes.

The Isle of Man based poker company, PokerStars, has “categorically denied” any of the accusations against them. A declaration from PokerStars asserted, “The company categorically denies the allegations brought by the US Department of Justice on 15 April 2011 and is taking all steps necessary to robustly defend itself, and the two named individuals.” It went on that “meanwhile, the company has stopped offering real money poker services in the United States.”

As maintained by the US Attorney, the same agreement is offered to Absolute Poker – the third organization to be identified in the charge.

Posted by at May 15, 2011
Filed in category: Poker News, and tagged with: , ,

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