Following the events of Black Friday, a number of high profile poker sites have decided that their top priority for the new year will be better protection for their players. Last year, three major online poker operators were hit by raids and the funds belonging to customers were frozen by the US authorities. Players have had to suffer great losses and online operators have understood that unless they guarantee better protection, players will withdraw from online poker gambling for good.
A leading operator that has initiated a new protection plan is PokerStars. They have set their new PokerStars Player Protection Plan. This plan will put the funds of their French players under the protection of the international financial services firm the IFG Group. These funds will be managed by a financial services fund manager that will regulate the funds and ensure that the company has enough funds to replay players at any given time. PokerStars believes that the security of the player accounts is the key to the success in the future. This initiative by PokerStars has been grabbing the attention of many other online operators who have decided to follow suit soon. With new markets opening up in Europe, the online gambling industry will see many opportunities. This is the perfect time for online poker and gambling operators to launch such initiatives that focus on player protection and gain the trust of potential customers.