According to a G-poker report, PokerStars has issued a statement revealing details of its accounting system, which separates players’ funds from operational funds and maintains the two accounts separately in a bid to provide better security for players. Eric Hollreiser, the head of corporate communications at PokerStars, reveals that PokerStars completely absorbs all the risks faced by players due to fund processing delays on the part of online payment solutions. Hollreiser also pointed out that prominent online poker rooms such as PartyGaming and 888 Poker also follow this practice.
Hollreiser also says that the licensor of PokerStars Isle of Man requires the online poker room to maintain separate accounts for player funds and operational funds. The Alderney Gaming Control Commission (AGCC), which issued gaming licenses to Full Tilt Poker, did not have such a requirement, making it difficult for Full Tilt Poker to refund its players after the federal government crackdown this year.
G-poker spokesman Jeremy Taylor said, “This is believed to be part of the reason why the AGCC just announced it will conduct a review of its decisions regarding Full Tilt. PokerStars claims it is now going to be more transparent, but this statement, coming only after the April 15 online poker shutdown, is a bit too late in my opinion. Our readers already show a preference for publicly traded poker sites that are fully transparent by law.”
888 Poker, a publicly traded company with a presence on London Stock Exchange, is licensed and regulated by the Government of Gibraltar. Referring to 888 Poker, Taylor said: “As of 2011, only 22 licenses have been granted by Gibraltar—that’s how stringent the requirements are. On top of those requirements, 888 also meets the level of transparency and stability demanded to trade on the LSE, which is one reason our readers choose this online poker site over others.”
Party Poker is yet another online gaming company on the London Stock Exchange, which has been licensed and regulated by the Government of Gibraltar. Besides, it is one of the largest online poker companies across the globe.
Speaking in appreciation of PokerStars, Taylor said that its moves toward transparency are excellent, especially because online poker players take security issues seriously and appreciate the player protection offered by top online poker providers such as Party Poker and 888 Poker, which follow rules the letter and satisfy all the transparency requirements of a body such as the London Stock Exchange.