PokerStars In Player Fund Protection Move

PokerStars today called for greater protection for player funds across the online poker industry as it announced it has appointed a third party, independent trustee to oversee the protection of player funds in France.

Dubbed the PokerStars Player Protection Plan the player funds in France will be watched over by a trust company owned by publicly-quoted, financial services company IFG Group.

Gabi Campos, PokerStars chief executive officer, said “The security of player accounts and the integrity of online poker play are fundamental to the ongoing and future success of the industry.

“We are pleased to partner with the thought-leaders in European regulation to establish an industry-wide standard for ensuring player funds are protected.”

“We have developed a unique structure that is ideal for the newly regulating markets. We hope that all responsible licensing authorities will ultimately insist that online gaming companies maintain the full amount of customers’ funds in fully segregated, independently managed accounts.”

The company said it was working closely with regulators in emerging regulated markets across Europe including Spain, Italy and Belgium with a view to extending its Player Protection Plan.

Most Viewed Articles