PokerStars unveils Full Tilt payment plan

PokerStars unveils Full Tilt payment plan

Tuesday, 25 September 2012

Players from outside the US with balances stuck on Full Tilt can look forward to getting their money back in the near future after PokerStars unveiled details of its $184m repayment plan. PokerStars also confirmed that Full Tilt will re-launch in the first week of November.

Former Full Tilt Poker players in France, Spain, Denmark, Estonia and Belgium will be repaid through the locally-licensed PokerStars platform. Players will ‘pair’ a PokerStars account with their Full Tilt account which will enable them to withdraw or use their balances on the licensed PokerStars site. PokerStars is still in discussions with Italian regulators regarding the withdrawal procedure and expects to release more information ‘as soon as possible’.

Players in all other jurisdictions (including the UK and Ireland but excluding the US) will have full access to their accounts when re-opens for business during the opening week of November.

PokerStars received the assets of Full Tilt Poker under a wide-ranging agreement with the U.S. Department of Justice. As part of that deal, PokerStars agreed to repay the outstanding $184m to former Full Tilt Poker players outside of the United States. The Isle-of-Man based site also paid the U.S. Government USD$547 million, which 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 U.S. Government.

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Tags: Full Tilt Poker, PokerStars