Nick Weinberg has taken over the chiplead with 1.45 million. Colson is down to about 800,000.
PokerStars Begins Player Payouts
U.S. Players Can Get Entire Bankroll Off The Federally Indicted Site
On Tuesday afternoon at around 4 p.m. EST, PokerStars sent out an email to its United States players, explaining that cash outs are now available. The move comes 11 days after the site was shutdown in American cyberspace, and less than a week since PokerStars regained its dot-com domain to facilitate returns.
A copy of one of the emails is listed below:
In light of recent developments, PokerStars is no longer offering real money play to residents of the United States of America and its territories.
The PokerStars Cashier is now available for you to cash out the funds in your real money account balance. We strongly recommend that you use the bank transfer option; to use it, you will need to have your current banking information at hand.
Please note that due to the expected high volume of cashout requests, we anticipate a delay in processing and delivery of your funds. Rest assured that your funds are safe and we will process your request as soon as possible.
Please contact email@example.com if you experience any issues.
Thank you for your patience and understanding.
Players must cash out their entire balance and have the following three options:
Players with as little as $1 can get their money back, however those with less than $1 in their accounts will forfeit it to PokerStars. The online site stated that it is “reviewing various options including donating this amount to a charity.”
While player funds are on their way, there has been no word yet on the issue of Frequent Player Points (FPPs), which have cash value through the VIP Store.
Click on image below to check out some of the player reaction via Card Player TV!
Stay tuned to Card Player for more updates on this developing story.
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