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Withdrawals for US players agreed with DOJ

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  • Withdrawals for US players agreed with DOJ

    Just read the message when i started up the client.

    Some good news for US players!!!

    TC

    Edit:

    I cannot copy and paste but the process of returning funds will now begin

  • #2
    The agreement seems to shut down freerolls.
    Under the deal, PokerStars and Full Tilt Poker agreed that "they would not allow for, facilitate, or provide the ability for players located in the United States to engage in playing online poker for 'real money' or any other thing of value."

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    • #3
      I wonder if T$ dollars will be lost or can we sell them or will the be reimbursed, probably at a discount.

      Comment


      • #4
        I have to say though that the fact the DOJ has recognized the legitimacy of Pokerstars outside the US could actually make their return to the US market very probable in the near future.

        I believe that that is positive for everyone here since Pokerstars is by far the best site in my opinion.

        TC

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        • #5
          Well Joe I heard someone mention trading tournament dollars before so i do not know if that option is still open.

          I think though that US accounts are frozen since last Friday and no other transacations other than withdrawal are possible. Maybe someone from Pokerstars could confirm the situation with regard to this and other questions.

          I am just happy people with sizeable amounts of money on their accounts will be reimbursed. It would also be interesting to know the status with FPPs.

          TC

          Comment


          • #6
            Originally posted by TrumpinJoe View Post
            I wonder if T$ dollars will be lost or can we sell them or will the be reimbursed, probably at a discount.
            I wonder the same thing. Also, will we be able to do anything with our FPPs.

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            • #7
              Originally posted by jonesse52 View Post
              I wonder the same thing. Also, will we be able to do anything with our FPPs.
              great minds think alike

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              • #8
                the question i have is...should i totally empty my BR or save some to play with in case stuff gets straightened out?

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                • #9
                  Well i assume they going to buy back the T$ as the sites that are PS Approved for buying T$ were @ 97% prior to "Cold Deck Friday"

                  I more concerned about the Step tickets I have 5 step 4s ($215.) and 4 Step 3s ($82.) as FTP is buying back all there step tickets at face value so I hope PS follows suit here

                  as for FPPs I have 10k+ and would be happy if i could just use then to cash out 2,500 for the $25 but at this point i willing to write off my fpps if i can get the cash from my Step tickets
                  Super-Moderator

                  7 Time Bracelet Winner



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                  • #10
                    Originally posted by Brad_Wicker View Post
                    the question i have is...should i totally empty my BR or save some to play with in case stuff gets straightened out?
                    Well I am not from the US Brad so i do not know how long it takes to get from indictment to the courts.

                    As Pokerstars have said all the accounts are segregated and they will honour the withdrawals. There are also a lot of political moves going on in the background.

                    Additionally, I have no doubt that if Pokerstars get legitimate access to the US markets they will offer huge incentives for US players to come on board again, reload bonuses etc, etc. My gut feeling would be to take most of the money from the account but still keep it open. Those looking for real value will probably close their accounts and re-register in the future.

                    I think it would be a show of solidarity with PS though to keep the accounts open, even if it is only a few cents.

                    TC

                    In fact it would be a great news item for PS to legitimise their case

                    Good night folks. I need an early one tonight.

                    Comment


                    • #11
                      Originally posted by topthecat View Post
                      Just read the message when i started up the client.

                      Some good news for US players!!!

                      TC

                      Edit:

                      I cannot copy and paste but the process of returning funds will now begin
                      I posted this in another topic, 6 hours ago.

                      http://www.pokerschoolonline.com/for...061#post275061
                      Last edited by Stakehorse75; Thu Apr 21, 2011, 01:51 AM. Reason: link.

                      Comment


                      • #12
                        Well we still have to wait

                        Update from PS in email. All pending cashouts returned, and waiting for them to figure out the best way to cash everyone out. Well GL all. -Cookies

                        @trumping Joe. Any word on if I can post my "other site" Progress only on this forum?

                        @TOO2COO, What playing options are you taking? Would like your input as I know you have other forums and site exp also. LMK via pm if it is not appropriate here.

                        Comment


                        • #13
                          Originally posted by TOO2COO View Post
                          Well i assume they going to buy back the T$ as the sites that are PS Approved for buying T$ were @ 97% prior to "Cold Deck Friday"

                          I more concerned about the Step tickets I have 5 step 4s ($215.) and 4 Step 3s ($82.) as FTP is buying back all there step tickets at face value so I hope PS follows suit here

                          as for FPPs I have 10k+ and would be happy if i could just use then to cash out 2,500 for the $25 but at this point i willing to write off my fpps if i can get the cash from my Step tickets

                          I have the same issue with the step tickets as well and have emailed support about it but have not recieved a reply..........................THIS SUX BIGTIME.

                          Comment


                          • #14
                            Some info From Poker Stars for ya

                            Can I transfer my funds to another player?
                            US residents will not be able to send or receive transfers.

                            What will happen to my tournament tickets and T$?
                            All pending tournament tickets and T$ balances will be converted to an appropriate cash value and added to your existing balance. This process may take some time to complete, but we plan to complete all conversions over the next few days. We appreciate your patience.


                            What will happen to my FPPs?
                            PokerStars is currently reviewing options for redemption of FPPs by US residents. More information will be available in the coming days and weeks.
                            Super-Moderator

                            7 Time Bracelet Winner



                            Comment


                            • #15
                              Originally posted by sharkatack89 View Post
                              Update from PS in email. All pending cashouts returned, and waiting for them to figure out the best way to cash everyone out. Well GL all. -Cookies

                              @trumping Joe. Any word on if I can post my "other site" Progress only on this forum?

                              @TOO2COO, What playing options are you taking? Would like your input as I know you have other forums and site exp also. LMK via pm if it is not appropriate here.

                              I can not speak for Joe but other sites on a forum Involved with PS would be frowned on, I think ya get the point lol

                              as for myself as a player i never have all my eggs in 1 basket so to say and still can play daily if i like, I not going to talk about those places in the forum for the reason i stated above, as of rite now i just kinda of sitting back and seeing how things on fold as this not something that going to be fixed in a short time, and so i just kinda of wait and take it all in and go from there

                              the bottom line is for anyone who really wants to play poker online you will find a place that lets ya but the games I assume going to be harder as most the fish not going to look that hard only the grinders will seek out that hard to play

                              I can speculate as much as the next guy on what i think will and will not happen but at this point the best move is to just relax, keep studying the game and see what happens, as no matter how much we complain and whine it will not change the spot we in at this moment
                              Super-Moderator

                              7 Time Bracelet Winner



                              Comment

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