It seems the nightmare is finally over for many thousands of players. PokerStars bought Full Tilt Poker and soon starts to pay back the funds of US players. Therefore PokerStars can use the name Full Tilt and all its assets.
PokerStars pays $537 million to settle US government charges. The poker site first has to pay back the funds of US players ($547 million). There will be an additional account from which they will pay back the non-US players ($184 million) with a 90-day deadline.
On the PokerStars blog you can find the following statement:
“We plan to re-open the Full Tilt site and, most importantly, we will make available all funds for players outside the U.S. within 90 days of the formal close of the deal, which will occur in the next seven days. The money paid to the US 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.“
Full Tilt as a brand will go on with a different management but they will still function from Dublin, just like before. The acquisition is only finalized after the first payment of $225 million.
Thousands of players were waiting for this news for more than a year!
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