Full Tilt Poker Or Pokerstars
After more than a year of waiting, former players of Full Tilt Poker, which has been described as a Ponzi scheme by the U.S. Department of Justice, are set to get repaid. The defunct company has been bought by PokerStars, which announced Tuesday that it has reached a settlement with the DOJ.
According to PokerStars, the settlement has it acquiring the assets of Full Tilt Poker for a price of $547 million. In a press release, PokerStars said it’s “committed to the full reimbursement of Full Tilt Poker customers outside the United States.”
Poker and Casino, crafted by players, for players. You can login with your PokerStars account. It’s still just a rumor, but a forum thread on Two Plus Two claims that PokerStars has reached an agreement with the US Department of Justice to buy Full Tilt Poker. According to the source who posted the thread, all players will be refunded 100% and both sites will be back online. However, Full Tilt is still the #2 online poker room which has a lot to offer both to new players and those who are used to playing on PokerStars or any other poker room. In fact, Full Tilt has so much to offer, we had to make a Top 10 list. In May 2016, the Full Tilt company was integrated with the PokerStars poker clientele. Full Tilt now works with the PokerStars software, with players of both of them under common management. Once the world’s largest online poker site, Full Tilt is now just a part of PokerStars with a display in its name along with animations and graphics.
The press release continued: “The money paid to the U.S. government will in part be used to reimburse former Full Tilt Poker customers in the United States, through a remission process to be administered by the Department of Justice. PokerStars repaid all amounts owing to its own U.S. customers shortly after it closed its U.S. operations.”
“PokerStars will also make available in a segregated bank account, all outstanding balances owing to all non-U.S. customers of Full Tilt Poker (an amount totaling $184 million), with no restrictions on withdrawals, within 90 days of completing this transaction.”
The deal gives PokerStars permission to operate once again in the U.S., but only under a regulatory framework at the state or federal level.
“We are delighted we have been able to put this matter behind us, and also secured our ability to operate in the United States of America whenever the regulations allow,” Mark Scheinberg, Chairman of the Board of PokerStars, said in a press release.
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The Department of Justice had its own press release around noon EST.
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