verneer's Blog


July 31 2012

Full Tilt Poker Update(s)

1

Big news for the pokerworld. Stars formalized their purchase of FTP assets and players will start getting paid back.
http://diamondflushpoker.com/2012/07/pokerstars-acquires-full-tilt-poker-assets-doj-agreement-complete/

Official DOJ Release:
http://www.justice.gov/usao/nys/pressreleases/july12/pokersettlement.html

Stars Blog:
http://www.pokerstarsblog.com/corporate_blog/2012/pokerstars-settles-with-united-states-doj-096492.html

Time to start separating the noise from the news. I'll update this blog as news comes in and try to answer any questions that people might have.

From Andrew Feldman (ESPN Poker):
Quick hits: PS pays $731M to DoJ, gets FTP's assets. PS repaying players outside of US, US players need to petition DoJ for $$ back.
https://twitter.com/AFeldmanESPN/status/230343599101997056

Lee Jones's FAQ about today:
http://forumserver.twoplustwo.com/29/news-views-gossip/official-pokerstars-announcement-regarding-ftp-doj-1228781/

"Our settlement acknowledges that both PokerStars and Full Tilt are eligible to apply for a license in the U.S. to offer real money poker when states or the federal government offer such an opportunity. We look forward to this opportunity and are confident that we bring tremendous value, regulatory experience, market credibility and financial integrity to the marketplace."

This seems that both FTP and Stars will be able to come back to the U.S. market if and when it becomes regulated and legal again. That's great news.

Entry Tags:

12180 Views


comments powered by Disqus

 
 
Poker Blog Network
 
Follow Cardrunners :

verneer
verneer , Member Since '06

Featured Blogs

CardRunners is the world's best online poker training site, with training videos for all stakes and games. Learn poker from the best poker players online, including Brian "Stinger" Hastings, Andreas "Skjervoy" Torbergsen, and Mickey "mement_mori" Petersen. View our instructor list to learn about all of our poker pros. In addition to poker training videos, CardRunners offers an active strategy forum, poker blogs, podcasts and pro interviews.