Update on F.B.I. Online Poker Crack Down
18 April 2011
Today if you go to pokerstars.com. ultimatebet.com, absolute poker.com or fulltilt.com and you will find a page from the FBI that says:
“This domain name has been seized be the F.B.I pursuant to an Arrest Warrant in Rem obtained by the United States Attorney’s Office for the Southern District of New York and issued by the United States District Court for the Southern District of New York.
Conducting, financing, managing, supervising, directing, or owning all or part of an illegal gambling business is a federal crime. (18 U.S.C. 1955)
For persons engaged in the business of betting or wagering, it is also a federal crime to knowingly accept, in connection with the participation of another person in unlawful Internet gambling, credit, electronic fund transfers or checks. (31 U.S.C. 5363 & 5366)
Violations of these laws carry criminal penalties of up to five years’ imprisonment and a fine of up to $250,000.
Properties, including domain names, used in violation of the provisions of 18 U.S.C. 1955 or involved in money laundering transactions are subject to forfeiture to the United States. (18 U.S.C. 981& 1955(d))”
In the fall out following, PokerStars stated the will guarantee players deposits and was operating business as usual outside the United States. Wynn Resorts however terminated their partnership agreement with PokerStars that was just agreed on in recent weeks.
So far 3 of the 4 poker companies have remained silent but Raymond Bitar, chief executive of Full Tilt, said yesterday he was surprised and disappointed by the charges and he looked forward to his exoneration.
Federal prosecutors also filed a civil lawsuit seeking $3 billion in money laundering penalties in what they say was disguising gambling transfers as purchases of items such as jewelry, gulf clubs and the like. A federal judge also issued a restraining order that locks up funds in the sites 76 bank accounts in 14 countries.
21 January 2016Irritated High Stakes Players Meet With PokerStars
One of the tools that online poker players have is boycotting and organizing sit-out protests. Several years ago when France first introduced legislation for regulating the online gambling industry, they set the rules for taking a rake in online poker games so high that it made no sense for anyone to play them. A big boycott and sit-out protest on the French-facing PokerStars site was enough to get the attention of officials and to get those rules changed.Read full article
10 December 2015Effectiveness of the PokerStars Boycott Questioned
High stakes and high volume players on PokerStars staged a boycott for the first three days of December, and it's not clear how effective it was. While they definitely brought attention to their complaints, the main effect was in the high stakes games, and how much that effects the company or the general player pool is difficult to measure. Overall, it would seem that the timing was poor and that there are too many variables to determine its effectiveness.Read full article
07 December 2015PokerStars Targets Social Gaming Market With New App
The Amaya Gaming Group has made a number of big changes since taking over PokerStars back near the middle of 2014, and they've expanded in several different directions in the process. They seem to be going after casual players after a new move has them unveiling their new Jackpot Poker game. This free play game will appear on iOS, Android and Facebook, and it's based primarily around their Spin & Go tournament format. It's aimed at casual players.Read full article