US Department Of Justice Announces US Players Will Be Able To Cashout Of PokerStars, Full Tilt, UB And Absolute Poker
Wednesday, 20. April 2011

Earlier today, the U.S. Department of Justice announced that they have come to an agreement with PokerStars and Full Tilt Poker with regards to paying out the US players affected by the Black Friday indictments . While there are myriad questions left unanswered, it would appear that the question of whether US players would receive the money locked into their online poker accounts has been answered.

The U.S. Department of Justice issued a press release which stated that the indicted companies will return all of the money owed to their U.S. players and they also stated that they “will work with the poker companies to facilitate the return of funds to players.” As of today, the U.S. Department of Justice has come to agreements with only PokerStars and Full Tilt Poker; however, their release indicated that U.S. players with accounts with Ultimate Bet and Absolute Poker will also receive their money.

Both PokerStars and Full Tilt Poker will both regain the use of their primary internet domains (pokerstars.com and fulltiltpoker.com) in order to help in the facilitation of U.S. player withdrawals from their old online poker accounts. In return, both companies agreed to stop all of their U.S. activities including any U.S. player deposits.

The only problem remaining is exactly how the funds will be returned. Full Tilt Poker mentioned in a press release that as a result of the U.S. Department of Justice’s actions of last week, they currently do not have any “authorized U.S. payment channels through which to make refunds.” In addition, Full Tilt Poker also stated that they have absolutely no accounting for all of the player funds that were seized by the U.S. government nor has the U.S. government agreed to release any of these seized funds for return.

The press release also addressed the concerns of non-U.S. members of PokerStars and Full Tilt Poker. It stated that the agreement between the companies and the Department of Justice not only do not prohibit the companies from providing service to non-US member but they allow the companies to “provide for, and facilitate” the companies’ provision of real money online poker services to their non-U.S. members.

As regards the CEREUS Network (Absolute Poker and Ultimate Bet Poker), the U.S. Department of Justice has revealed that an agreement will be announced regarding them in the very near future. They also stated that the two members of the CEREUS Network will be allowed to enter the same agreement as PokerStars and Full Tilt Poker if they so desire.

The unveiling of last week’s indictments by the U.S. Department of Justice turned the entire online poker world on its head. Since “Black Friday,” both PokerStars and Full Tilt Poker have removed themselves entirely from the U.S. market. Absolute Poker and Ultimate Bet continue to accept action from U.S. players; however, they are not allowing them to make any deposits, transfer funds or cash out. All four companies have also changed domain names: PokerStars to pokerstars.eu, Full Tilt Poker to fulltiltpoker.co.uk, Absolute Poker to absolutepoker.eu and Ultimate Bet to ubpoker.eu.

All of the activity of last week has left US players scrambling for an alternative. A number of companies continue to provide full service to U.S. players; including Bodog Poker , Cake Poker and DoylesRoom . For more information regarding these companies, checkout our detailed reviews.