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[Closed] Stars Cashouts!

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As of right now I am still receiving info on this but will provide you guys with what I have.

With the events on Friday I think (because I have not found one yet thats not frozen) that all payment processors accounts are frozen till next week when the DoJ starts to work again. As of right now PS is taking cashout requests and approving them and has all intentions of giving you your money. With all the accounts being frozen they are unable and probally best not too, send the money to the processors. So as of right now all this money is just sitting doing nothing and waiting for the payment processors to open again.
(PS keeps to the same line of that its because of the amount of requests that prevents them from cashing people out.)

Thank you for your email. We appreciate your concern.

Cashouts will be processed as soon as possible. As you can imagine, we have may cashout requests at the moment so we are very busy but they will be processed as soon as possible.
PokerStars is owned and operated by a legal entity licensed and located in the Isle Of Man (a crown dependency of the United Kingdom) and we pride ourselves in abiding by all relevant laws and regulations. The current situation about which you have inquired only impacts US Players.

PokerStars will continue to offer its services to all other jurisdictions. As we are not a law firm, it is difficult for us to advise our customers as to the legal situation in every jurisdiction, however the recent change is not targeted in any way at your jurisdiction.

Most importantly, rest assured your funds are safe with PokerStars. We will keep all of our players up-to-date with any future developments.

We sincerely appreciate your understanding and concern, and thank you for choosing PokerStars.

Regards,

My suggestion is: cancel your withdrawl and play with the money. If PS goes bankrupt or is takin over by the DoJ then you have got no chance of getting your money for a while. If you loose your money(BR) then you can rebuild somewhere else but I would feel better going out fighting(playing) then just having the money sit there. Also if we do loose are money( for me would be 50% of my BR) then we now can see how good we really are @ poker. Good players will rebuild, bad players will eventualy give up.

Like to hear what other think and will update later again.


14 replies
Anssi
Joined: 03.07.2008

Well, a lot of will be learned on Monday, first bank day since this happened.


supeyrio
Joined: 11.11.2009

dont need to lose 50% of my BR to know if im good or not :f_biggrin:


Anssi
Joined: 03.07.2008

Just got my MB withdrawal few minutes ago which I requested of saturday. So I guess our money safe, at least for now.


matusko
Joined: 05.09.2010

I havent got mine from friday yet


Still waiting for Stars Finance dept. to respond but here´s a list of banks, finance firms and accounts frozen Friday. It starts at pg38 in the following link:


OMG!!I see non- U.S. bank accounts held by the people arrested also being ceased or is to be ceased or monitored or whatever. Just check from page 40 onwards of this legal notice.

Does this mean now we non- us residents really need to worry about our money too???Is this why they r not letting me and many people withdraw on fulltilt???


NETELLER and Moneybookers and it seems as if these services are currently overloaded with the number of requests, thus causing delays.

After researching some more tonight and playing at Stars I am starting to believe we may have overblown this situation alittle bit. As I was playing tonight I noticed that the amount of players is very little changed from last weekend and that people are starting to receive payments. Non US players don´t seem to be scared and seem to be supporting PS probally alittle more this weekend. 232k players tonight. :f_biggrin:

We will have to see what the DoJ does next week with this case and how far reaching they will go. But as of right now I am more confident that our money is safe.


tokyoaces
Joined: 01.04.2009

Originally posted by shehanshah
OMG!!I see non- U.S. bank accounts held by the people arrested also being ceased or is to be ceased or monitored or whatever. Just check from page 40 onwards of this legal notice.

You answered your own question. Personal accounts are not corporate accounts.


I withdrew on Saturday night to moneybookers. Got approved instantly and I received the money within hours. It was in my account when I woke up in the morning. I'm starting to think all this is going to blow over.


sismis
Joined: 27.10.2006

Requested moneybookers cashout shortly after midnight on friday/sathurday night, got instant approval, still no money...


tokyoaces
Joined: 01.04.2009

Stars has an agreement with the DoJ now and it allows for cash-outs by US players and also allows continued operation of the site.


if it can reassure anyone, im from canada and I cashed out 3000$ on pokerstars sunday and received my check via Fedex this afternoon .


tokyoaces
Joined: 01.04.2009

Cashed Out: 4/16
Received: 4/21
Amount: ~$700
via Neteller


PxKx
Joined: 26.02.2009

Same as Tokyoaces for me

Cashed Out: 4/16
Received: 4/21
Amount: $400