PokerStars reaches agreement with U.S. Justice Dept on Domain

Apr 25, 2011 7:52 PM

PokerStars, the world’s largest online poker operator, confirmed Monday it had reached an agreement with the U.S. Justice Department that will release the company’s domain name for use outside the U.S.

The company vehemently denied the allegations included in the indictment that charged PokerStars, Full Tilt Poker, and Absolute, with illegal gambling, money laundering and wire fraud.

"Returning U.S. players’ funds is a top priority for PokerStars and the company can now start the process of returning money to its former U.S. customers," the company said in a statement.

It also was emphasized that "PokerStars’ services outside the US are not affected. The company has received assurance from the Isle of Man regulator that its license status is unchanged. The company remains compliant with all of its other international licenses."