What’s next for Pokerstars

pokerstarsPokerstars shutdown has been brought about by the United States Federal Bureau of Investigation on charges of gambling illegally and committing bank fraud. This happened on 15th April 2011. This decision has affected only the players in the United States. This site is available to all players worldwide.

The government has announced few days back that people can now cash out as far as Pokerstars is concerned. Pokerstars has also stated that all the funds of its players will be distributed back to them in a smooth way. This news must have come as a sigh of relief to many people. Pokerstars have control over the software involved for the game and they are expected to work out things with the Department of Justice and find a way out to give back the deposits to the players. They have assured the players that they will get their money back. However, they have not promised yet whether the bonuses or the points would be redistributed after the Pokerstars shutdown.

All people outside the United States will still be able to play even after the Pokerstars shutdown. Play is going on as usual but the numbers of entrants have reduced as there were periods of brief discontinuance for people in various countries but the site is now functioning clearly.

Pokerstars shutdown has not affected players who are not in the United States. Their operation worldwide goes on as usual and they are one of the largest online poker game companies in the world. Pokerstars are spending an annual budget running into millions of dollars on tournament funding, advertising and sponsoring. In addition to this, television networks have been broadcasting live poker series.

People are raising issues on many forums that the government is being unduly harsh on online poker gamblers, particularly with Pokerstars because this website is an offshore one. People do not find the online poker gambling any different than going to a convenience store and betting about fifty dollars on lotto or scratch offs. They don’t find this any different even from going to the horse races and placing bets there. Many people in the United States are now feeling that the government is depriving them of their democratic right by cracking down on online poker sites like Pokerstars. Pokerstars shutdown has not gone down well with most people and especially with those who have their money tied up with it.

These same people may have to appreciate that since the introduction of the Unlawful Internet Gambling Enforcement Act in 2006; companies have gone around the laws and not played it by the book. For example, if someone made a deposit on Pokerstars, it may not show that the deposit has been made with them but with some other enterprise. This is to create a loophole in the direct deposit restriction for players within the United States.

The players, who are using other online live poker sites apart from the three who have been frozen, feel that the other sites are providing online poker legally and abiding by the framework set up for them. The Pokerstars shutdown has taught a lesson to all online poker players in the United States that they have to make some right choices by staying on the secured and legal online poker sites.

THe most trusted poker site at the moment is Party Poker. Get an exclusive deposit bonus when you enter the bonus code DZ500.

Fulltilt, Pokerstars, AP, UB closed?

I’m sure you heard the bad news. The domain names Fulltiltpoker.com, Pokerstars.com, AbsolutePoker.com and UB.com were seized by the FBI. On Friday April 15, 2011 these poker sites were charged with bank fraud, money laundering and illegal gambling. The good news is that these poker sites did not close, but they don’t allow US players anymore.

What does this mean to the players?

This is especially bad news for US players. Pokerstars and Full Tilt already pulled out of the US market and it is not clear if or when they will be back. Pokerstars assures that all player balances will be unaffected, however I am not sure about the American accounts. For European players everything remains the same.

How can I withdraw my money from these poker sites?

  • Full tilt poker: www.fulltiltpoker.co.uk
  • Pokerstars: www.pokerstars.eu
  • UB: www.ubpoker.eu
  • Absolute Poker: www.absolutepoker.eu

What should European players do?

I recommend you find another poker site, until the situation is resolved. Party Poker has always been the most trusted poker site in my eyes. I don’t recommend you play on FT,Stars,UB or AP for now.

What’s next?

I have no idea. This is by far the biggest news in Online Poker, at least since 2006. It is also unclear which one the biggest poker room will be in the future. Poker sites that still accept US players are Bodog, Cake Poker and Carbon Poker. It’s also possible that all poker rooms will pull out of the US market, which would mean no online poker for US players. Leave a comment and tell us what you think about this.

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