Great news for 60,000 players left in limbo, as PokerStars have stepped in to refund them, despite never having been involved with the site.

Following the news that PKR was suspended from the MPN Network for financial problems two months ago, PokerStars have announced they will be refunding all player balances with no strings attached.

PKR players will have their PokerStars accounts credited, dollar-for-dollar, with every cent of outstanding cash from their PKR account, after signing an agreement with administrators.

60,000 players were affected by the PKR suspension and PokerStars will begin contacting them today, offering a simple process to get their balances back which for most players will just involve a few clicks. The combined value of the bankrolls is around $2 million according to PokerFuse.

PokerStars have previously had no involvement with PKR and are doing this because 'it is the right thing to do' according to a press release.

You can find out more in this corporate blog from PokerStars VP of Corporate Communications Eric Hollreiser, who said:

Seeing players left with no protection is one of the many reasons that we advocate for safe and sensible regulation. As an industry leader, we have the responsibility to lead from the front and demonstrate the importance of sound business practise. While we can't always be accountable for how other companies in our industry act - and it's not our role to be the world's online poker police - we can lead by example and encourage others to put players first.

Did you have money stuck on PKR? Let us know in the comments what you think about this: