PokerStars paid $100 million to the state of Kentucky
At the end of last year, the Kentucky Supreme Court decided to reinstate the Franklin County court decision against PokerStars.
According to this decision, PokerStars judges are required to pay the state of Kentucky a considerable sum of $1 300 000 000.
This ruling became a continuation of the previous lawsuit from 2015, and even then, PokerStars had to pay $870 million to the state budget.
Such a court decision arose due to the fact that PokerStars violated the state laws and illegally provided its services to the local residents. According to the preliminary data, 34 000 residents of state made a deposit at PokerStars.
Read also: Kentucky seizes $1.3 billion from PokerStars
Recently, the judge of Franklin County District Court ordered to transfer PokerStars bonds in the amount of $100 000 000 to the state of Kentucky within 20 days. PokerStars were forced to issue these bonds by a court decision.
Kentucky Governor Andy Besheer hasn’t made any statements on how the funds will be allocated. However, the judge's decision states that they will be deposited in escrow accounts that have been made by the Kentucky lawyer team.
It is also unclear when and how the state will collect the remaining amount from PokerStars, since PokerStars lawyers are trying now to aggravate this case in a court again. They use the fact as an argument, that PokerStars parent company is located in the Isle of Man, and the British laws don’t allow other states to collect funds from the company.