PokerStars Returns $100 Million to PlayersPublished May 17, 2011 by OCR Editor
The online poker site struck a deal with US prosecutors to unfreeze its domain.
PokerStars has returned more
than $100 million to players from the United States who had money in their
online accounts at the poker room, the company announced just before the
Funds Returned after Black Friday
PokerStars and rival online poker giant Full Tilt Poker both struck deals in April with the US Department of Justice to unfreeze their domain names following Black Friday to allow them to process payments and return funds held by US players at the sites.
The founders of the two sites were among 11 gambling officials indicted by US prosecutors in New York on April 15 over illegal gambling and other federal charges.
Absolute Poker Strikes Agreement
Now, as the two bigger poker sites continue to release funds, it appears that the third site involved in the indictment - Canadian-based Absolute Poker - will also begin to do so after finally reaching a deal with prosecutors to unfreeze their domain.
Prosecutors said in a press release last week that the deal does not allow the restoration of the domain names used by Absolute Poker. The company said that it must still resolve legal issues before repaying its American customers.