There has been a lot of news out about Full Tilt Poker in the last month and where they stand, but little has come out about Pokerstars. There is finally some good news to report for players related to DOJ freezing of players’ funds. It is now being reported by maxpokerbonus that the United States Department of Justice is starting to releasing frozen funds of Pokerstars, Full Tilt Poker and Absolute Poker.
PokerStars has worked with the DOJ and complied with all their requirements. They are the only site that was charged in April that is still running. A statement from the US government regarding the release of PokerStar Funds went as followed:
“WHEREAS, the Government and PokerStars have reached an agreement pursuant to which PokerStars consents to the restraint of $5.5 million in the Account for the pendency of the above captioned case, and the Government agrees that it does not object to PokerStars’ use of the remaining funds in that account”
It seems that PokerStars will have to leave $5.5 million in this account. This should be good news for players. Processing funds should start to move much faster. There are still a number of other funds that are still frozen, but this is a good start for PokerStars, which is still one of the largest online poker sites in the industry.