PokerStars has announced their plans repaying Full Tilt Poker’s players outside of the United States. The $184 million program is part of series of business events leading to the fabled poker site’s relaunch on November 6.
How It Works
The repayment is a patchwork of programs designed to conform with the patchwork of global gaming laws, so the process will vary by location.
Any former Full Tilt player with an outstanding account from France, Spain, Denmark, Estonia or Belgium will be connected with a local, licensed PokerStars representative. That account will be paired with a PokerStars account from which they can withdraw their funds.
In places like the UK and Ireland, players will be able to access their funds directly from an official www.FullTiltPoker.com account.
American player accounts will be administered through a fund that’s coming out of the $547 million fund PokerStars paid to the U.S. Department of Justice.
In a statement on their PokerStars officials said:
PokerStars has been working with regulators in all relevant jurisdictions to ensure that repayment is conducted in strict compliance with local regulatory requirements that ensure the security of player accounts and confirmation of the rightful ownership of those accounts
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This just in... The United States Department of Justice approved PokerStars' acquisition of Full Tilt Poker. Ultimately, the players effected by the two companies' financial and criminal drama over the last 16 months will finally get some of their money back.
PokerStars will make $184 Million available to reimburse Full Tilt players in the US that had money on deposit within 90 days of the formal close of the deal. Furthermore, PokerStars will be remitting $547 Million to the US Government to settle civil charges.
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casinoprofis -> Archive -> Breaking News: PokerStars To Settle With The US DOJ, Full Tilt Poker Buyout Confirmed
