Black Friday and the aftermath: Online Poker Implications

[AndrewT]

Nearly 24 hours and still processing my neteller cashout from FTP. Anyone had any success?

Expecting anything within 24 hours is pretty ridic given the circumstances

Yes, especially given that 3985757392093 people would have tried to cash out on Friday night,

[strak33]

Usually instant and its pretty peanuts under $1k. Dont think its that crazy to think that i might have it by now.

Stars got it to me within an hour as per usual.

[paulhouk03]

Usually instant and its pretty peanuts under $1k. Dont think its that crazy to think that i might have it by now.

Stars got it to me within an hour as per usual.

stars withdraw to ur bank account within one hour?

[Woodsey]

Usually instant and its pretty peanuts under $1k. Dont think its that crazy to think that i might have it by now.

Stars got it to me within an hour as per usual.

stars withdraw to ur bank account within one hour?

No, never been that fast for me.

[strak33]

Neteller.

Bank is 2 days for me i think.

[MC]

Usually instant and its pretty peanuts under $1k. Dont think its that crazy to think that i might have it by now.

Stars got it to me within an hour as per usual.

100,000 people try to withdraw $1k. Still peanuts?

[smashedagain]

Usually instant and its pretty peanuts under $1k. Dont think its that crazy to think that i might have it by now.

Stars got it to me within an hour as per usual.

100,000 people try to withdraw $1k. Still peanuts?

Surely most of the on line funds are invested by stars/tilt and ain't readily accessible. Could cause major cash flow problems for these sites.

[TightEnd]

Talking to Toby Lewis he says this will affect him big time as a big player of the Tilt and Stars large runner events

Although he is hearing that the games are already softer he has various horses stuck in make up online...the buy ins for the events are the same mow but the guarantees lower, so less chance for the horses to climb out of it


John Eames was also gloomy, talking about looking for a new career.

[smashedagain]

[X] eames could be a success at anything he put his mind too.

[skolsuper]

[ ] Eames is an online player

[Jon MW]

Usually instant and its pretty peanuts under $1k. Dont think its that crazy to think that i might have it by now.

Stars got it to me within an hour as per usual.

100,000 people try to withdraw $1k. Still peanuts?

Surely most of the on line funds are invested by stars/tilt and ain't readily accessible. Could cause major cash flow problems for these sites.

I'm pretty sure the Isle of Man regulations wouldn't let Stars invest the player funds - I'm vaguely sure it'd be similar with Tilt.

The $ amounts are irrelevant to the cashout backup, it's the quantity of transactions which are most likely causing a problem

[Dino]

Think of Yanks like Bax and Sheets,they will have horses which cant play anymore and funds they cant withdraw.

[smashedagain]

[ ] Eames is an online player

[X] eames is a player

[AndrewT]

Usually instant and its pretty peanuts under $1k. Dont think its that crazy to think that i might have it by now.

Stars got it to me within an hour as per usual.

100,000 people try to withdraw $1k. Still peanuts?

Surely most of the on line funds are invested by stars/tilt and ain't readily accessible. Could cause major cash flow problems for these sites.

I'm pretty sure the Isle of Man regulations wouldn't let Stars invest the player funds - I'm vaguely sure it'd be similar with Tilt.

The $ amounts are irrelevant to the cashout backup, it's the quantity of transactions which are most likely causing a problem

http://www.pokerstars.eu/poker/room/faq/

Q. Is my PokerStars account balance used for your operational expenses or is it kept in a separate account?

A. PokerStars is proud that, under special banking arrangements, an amount covering the total of all players' account balances is held in segregated accounts, not used for any operational expenses. These segregated accounts are managed by one of Europe's leading financial services groups. These arrangements ensure that PokerStars can at all times fulfil its obligations towards its players, and provides further reassurance that players' funds are always secure with PokerStars.

Don't quite know what 'managed by one of Europe's leading financial services groups' means. Does it mean 'sitting in an account at a big bank' or 'being invested in low risk stocks/shares/bonds etc by a big bank'. The gist of the statement by Stars is to reassure players that the player funds are not held by Stars, so the funds can't be embezzeled by Stars before they go bust.

[Spraggs]

I've not been anywhere near my computer since friday morning, or spoke to anyone involved in poker either.

Just been skimming most of it after a phone call, and read the message on Stars.

I have v large sums on FTP Stars and 4 figures on Absolute, what do you guys suggest? Am i safe to leave my rolls? should i take most out if i can?

I also have a million+ FPPs on Stars, should i be worried about losing them?

(also i cant get into FTP, but can AP n' Stars)