Pokerstars Contacting Former New Jersey Customers With Outstanding Account BalancesPublished on October 31st, 2015 9:32 pm EST
According to a recent post on Pocketfives.com (link below), Pokerstars has contacted their former customers that currently reside in the state of New Jersey and still have an account balance.
New Jersey residents that still have balances on Pokerstars are going to be given until December 28th, 2015 to request the remainder of their money. According to the site, New Jersey's Uniform Unclaimed Property Act requires that Pokerstars make a "diligent attempt to renew contact" with any residents of the state that still have an unclaimed balance. After December 28th, 2015, unclaimed funds will be transferred to the custody of the state of New Jersey. If you have a significant balance on Pokerstars and reside in New Jersey, you will not want to wait to get to this point, as it will take much longer to get your money back from the state than it will from Pokerstars.
In September of this year, after years of effort, Pokerstars and Full Tilt Poker were both given approval to operate in the state of New Jersey. This was a big, big deal for Amaya, Inc., as Pokerstars' entry into the New Jersey market will likely make it much easier for the company to enter other markets in the US.
There are a number of conditions that must be satisfied before Amaya, Inc. can begin operations in the state of New Jersey, however, and dealing with balances from their former New Jersey customers is one of them.
Many former customers of Pokerstars and Full Tilt Poker that reside in the state of New Jersey simply didn't bother to request their outstanding balances after "Black Friday" took place in April of 2011. If you are one of these people and don't request your balance between now and December 28th, 2015, your money will be sent to the state of New Jersey.
Given the December 28th, 2015 deadline to request money, many people seem to be of the opinion that Pokerstars and Full Tilt Poker will be launching in early 2016 in New Jersey, perhaps even January 1st, 2016.
The inclusion of Pokerstars and Full Tilt Poker is going to give New Jersey's fledgling online gambling market a much needed boost - according to some estimates, Amaya, Inc. will immediately claim more than 50% market share when they eventually launch in the state.
Filed Under: Online Poker Rooms