FBI seizes domains of pokerstars, full tilt, ub.. (UPDATE: FTP MONIES!!!!!11)

[surviva316]

ok, so say PS has enough money to pay everyone out in full...and then they all of the sudden owe 80 billion dollars in court. Then what?

[boost]

ok, so say PS has enough money to pay everyone out in full...and then they all of the sudden owe 80 billion dollars in court. Then what?

For PokerStars specifically, it has been mentioned in this thread that the Law in the country they operate from (Isle of Mann) is that they must not only have 1:1 cash on hand for all players accounts, but that they must be in a seperate account. If this law is followed, it would mean their business cashflow has nothing to do with players account balances. In other words, its not like PS's liquid cash is equal to X when X = total of players account balances...

[thelorax]

For PokerStars specifically, it has been mentioned in this thread that the Law in the country they operate from (Isle of Mann) is that they must not only have 1:1 cash on hand for all players accounts, but that they must be in a seperate account. If this law is followed, it would mean their business cashflow has nothing to do with players account balances. In other words, its not like PS's liquid cash is equal to X when X = total of players account balances...

yes yes, from what ive read this is true.

[Warpe]

ok, so say PS has enough money to pay everyone out in full...and then they all of the sudden owe 80 billion dollars in court. Then what?

Ain't gonna happen. They'll settle like Party Poker did.