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PokerStars allowed to partially reopen

by isleofman.com 21st April 2011

Prosecutors in the United States have thrown a lifeline to customers of an Isle of Man-based eGaming firm which is currently at the centre of a huge investigation.

PokerStars, one of the world's largest online poker firms, has been told it can partially reopen its website.

Authorities in America agreed yesterday (Wednesday) to allow it to have its domain name back after investigators seized it last week, effectively shutting the site down.

The company won't be allowed to let US players start gaming again however – the deal means the website can reopen in order to allow members to withdraw money from their accounts.

Non-US players will be able to play poker on the site under the agreement, which will also see an independent monitor appointed to ensure the firm is complying.

PokerStars is one of three companies which the American authorities claim is part of a $3 billion fraud.

Eleven people are facing charges that they tricked regulators and banks into processing illegal gambling proceeds.

The charges, which were unsealed in a federal court in Manhattan last week, are part of a crackdown on internet gambling in the United States.

Posted by isleofman.com
Thursday 21st, April 2011 07:38pm.

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