kidkvno1
Sarah's Pet
Bronze Level
No issue is more immediate to PPA members and leadership than the return of player funds. The PPA believes, as it has since Black Friday, that while the government has targeted the online poker sites, it is the players who have been the victims.
Thankfully, one affected online poker site has been able to fulfill its obligations. We commend PokerStars for repaying its U.S. players in an efficient and timely manner. It was reported earlier this month that they have returned more than $100 million in players’ accounts. PokerStars continues to be the most popular site for players around the world, no doubt in no small measure due to their fiscal and customer policies.
Unfortunately, the other sites targeted on Black Friday -- Full Tilt Poker, Ultimate Bet and Absolute Poker -- have been unable to do the same and their U.S. customers are understandably angry.
Recently (5/30/11), Full Tilt Poker provided an update to players about status of player funds. Regrettably, no specific timeline was provided on return of funds. Full Tilt Poker continues to maintain, as they have to the PPA directly in the past, their intention to refund players in full. As far as we are aware, there have been no recent updates provided by Ultimate Bet and Absolute Poker. Each passing day without communication -- or refunds -- increases harm to the players.
Currently there exists no legal or civil authority by which the PPA could force or require that players be paid immediately. The PPA does, however, have an obligation to represent our membership of over 1.2 million U.S. poker players and we again publicly call on Full Tilt Poker, Absolute Poker and Ultimate Bet to fulfill their promises to allow U.S. players to cash out their account balances and to do so sooner rather than later, despite what difficulties may exist. Players relied on assurances by these sites that their money would be safe and these sites must honor their commitments to the players. The immediate return of U.S. player funds must be the top priority of all the parties involved.
We will continue to press these poker sites for concrete responses which we can pass on to our members in the very near future.
They are working on it so i am taking it as good news