PokerStars returns $100 million

The fallout from Black Friday events and the federal indictments brought by the US Department of Justice (DOJ) against the founders of several online poker rooms that were offering their services to US players in defiance of US Law, continues to grab headlines.

One of the companies to suffer the most from the recent events is PokerStars, the world's biggest online poker room. PokerStars had many US players and together with Full Tilt Poker were American players' favorite online poker destinations.

In the beginning the month PokerStars announced that it has come to an understanding with the DOJ to have its dot.com domain released so it can facilitate the return of US players' funds that PokerStars was holding in its frozen player accounts.

Now PokerStars has released a statement claiming it has already returned more than $100 million to US players and will continue to honor withdraw requests from US players that have a positive balance and wish to withdraw it.

It remains unclear just how much of US players' money PokerStars still holds and many industry leaders and poker advocacy groups claim that there is no guarantee that all players will receive all their funds in due course.

PokerStars biggest rival Full Tilt Poker is yet to return players' funds. The site announced that it has already credited money won in promotions to players accounts but has not started to release these funds and others still awaiting in frozen players' accounts.