According to an email sent by PokerStars.fr to all of its customers within the United Kingdom, the poker site has officially decided to near its doors within the UK beginning Oct. 1.
This announcement isn't completely unexpected, since all dot-fr operators can be subject to double taxation in the event that they continue to provide services within the UK as a result of expected to be enforced UK Gambling (Licensing and Advertising) Bill. The bill requires all operators within the UK to be subjected to a fifteen percent point of consumption tax. This can be on top of any taxes levied by French gaming regulator ARJEL.
Players who received the next notice are advised to right away cash out funds.
From 00:01 BST on October 1, playing at the PokerStars.fr site , or some other licence except PokerStars UK, will now not be possible throughout the UK. UK-based players using the .FR client might want to cashout their funds within the usual way - there is not any risk so that you can lose your funds, but any balance at the .FR client have to be withdrawn for your registered bank account.
For those UK PokerStars.fr players who even have an account at PokerStars.co.uk, your play money balances, real money tickets, tournament money, VIP Status and FPPs will all be migrated to their accounts.
From the first of October, assets including play money balances, Real Money tickets, T-Money, VIP Status and FPPs might be migrated out of your .FR account for your .UK account by contacting support@pokerstars.fr along with your PokerStars UK User ID. Pending bonuses could be re-credited if possible, or paid out on a professional rata basis. Your PokerStars.fr VIP status can also be applied whether it is an upgrade.
If you received this notice, it's also recommended by PokerStars to say any earned VIP Stellar Rewards and Milestone Cash Credits previous to Oct. 1.
Make sure you claim any earned VIP Stellar Rewards and Milestone Cash Credits from the VIP Store within the PokerStars.fr client previous to 00:01 BST on October 1. Additionally we can provide credits to many players for partial progress toward their next Stellar Reward or Milestone Cash Credit. All credits may be made by October 3 and can be accompanied by an email to the credited player.
Furthermore, players within the UK playing on a PokerStars.com account may be migrated to PokerStars.co.uk. This process need to be so simple as just downloading the brand new client.
If you've got a PokerStars .COM account, additionally, you will be required to transport it to PokerStars UK. The method might be quick and straightforward, and you’ll be automatically prompted to take action while you log-in after September 30. Players using PokerStars Mobile might want to download the brand new UK-specific apps from the App Store or PokerStars Mobile site.
New PokerStars.co.uk players will still be playing against the similar player base as they did up to now while playing on PokerStars.com, but under a brand new domain.
The PokerStars UK site will continue to share all games and player pools with the PokerStars.com site. Because of UK regulations, the automobile rebuy feature may not be available at the UK site for either cash games or tournaments. All other software features and game experiences will remain the same.
This author believes that each one dot-fr sites offering services to the united kingdom will quickly follow suit. While it's possible for French-licensed sites corresponding to Winamax.fr and TurboPoker.fr to launch a UK standalone client, the liquidity within the UK isn't expected to be high enough to make this economically viable for either operator to do so.
It also doesn't seem to be viable for any dot-fr poker room to continue to provide services for a similar reason it seems that PokerStars.fr pulled out: double taxation.
While this author believes your money is safe on either one of these dot-fr sites, it's believed to be just a matter of time before similar email notices are sent to UK-based players enjoying games at these poker rooms.
Stay tuned to PokerNews for more news because it happens within the UK gaming marketplace.
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