Quote:
Originally Posted by demetri1978
Pokerstars level is high, but in there TOS....
"Although we cannot guarantee the return of 100% of User funds in every case"
If they went down the same route which PKR are now ^^^^
This is not a big worry. The funds are held in trust for players only and not accessible by Stars or their creditors.
Stars can't guarantee every player every penny as it woud only kick in if Stars went busto. In that case the Trust is responsible for making payments, distributing all the funds. That is a significant task, checking that the players claiming are the account holders, transferring the money etc etc. There would be costs involved but Stars would not exist to pay that admin bill. The costs would have to come from the cah in trust - this would be pennies on the pound, plus some cash may never be returned as the accounts are completely dormant but the trust can't use that extra in case the real owner turns up.
This admin hit would be pennnies on the pound or a fixed amount per account (I'd prefer pennies on the pound but if the fee was fixed it would wipe out some claimants with negligible balances that cost more to distribute than the total, lowering the admin cost).
With a trust arrangement you'd lose peennies on the pound, with segregated accounts you'd get pennies on te pound.
Is it perfect? No but it is pretty damn good.