..

Financial Times of London Warning Regarding Full Tilt, PokerStars: There is no Hiding

Written by:
C Costigan
Published on:
Apr/17/2011
Full Tilt, PokerStars:

While many customers of PokerStars and Full Tilt Poker living outside the United States breathed a collective sigh of relief after learning they could still deposit and withdraw funds, the Financial Times of London brought up a very distinct possibility, none of these companies may be safe operating in other jurisdictions, not even those where online gambling is legal. 

A crackdown occurred on three of the biggest Internet poker rooms still accepting US players, including Full Tilt, PokerStars and UB.com, the later of which maintains a nominal share of the European market.  US law enforcement shut down all associated US-based domain extensions, forcing the three to establish .EU extensions.

From the Financial Times

With US prosecutors seeking assistance from law enforcement agencies abroad to arrest some of the defendants and seize proceeds located outside the US, industry experts began questioning over the weekend whether there was a future for these companies in other jurisdictions.

Gambling911.com will be presenting all the latest headlines related to any further developments in this story around the clock on our Twitter page here.  Gambling911.com has been covering the industry, its pros and cons since September 2000.  In 2009, Gambling911.com parent company, Costigan Media, won a court case granting it the right to review documents associated with the investigation into Full Tilt Poker and PokerStars. 

- Ace King, Gambling911.com Publisher

 

Follow breaking headlines around the clock at Gambling911.com Twitter Here

Gambling News

Caesars Threatens Termination in Bid to Acquire William Hill

Caesars Threatens Termination in Bid to Acquire William Hill

Caesars Entertainment on Monday raised the stakes in a bidding war over William Hill. It has entered into advanced negotiations concerning the potential $3.7 billion takeover.

Best Betting Site Features

Best Betting Site Features

The number of different ways to wager on a sports event has changed drastically throughout the past few years. During this period, the internet has taken sports betting to another level, making it insanely popular worldwide.

Books Have Modest Day With Limited One-Sided Action

Books Have Modest Day With Limited One-Sided Action

The liabilities for Week 3 NFL were relatively low all things considered, but Monday Night Football has the potential to be a classic with KC seeing heavy early action.

Tampa Area Bookies: How Are They Faring?

Tampa Area Bookies: How Are They Faring?

Gambling911.com routinely monitors impacts on regional bookies, including those in the Tampa Bay, St. Petersburg area A well-run Pay Per Head will help guide you through any rough times.

South Florida Bookies: How Are They Faring?

South Florida Bookies: How Are They Faring?

Gambling911.com routinely monitors impacts on regional bookies, including those in South Florida. A well-run Pay Per Head will help guide you through any rough times.

Syndicate