Latest Developments in Pokerstars - Full Tilt Deal

Latest Developments in Pokerstars - Full Tilt Deal
Communications chief explains company's future plans

Reviewing the momentous events leading to the acquisition of Full Tilt, the Pokerstars communication chief Eric Hollreiser detailed the company's "no wrongdoing" settlement with the US Department of Justice and its agreement to pay $574 million over the next three years.

The first tranche of $255 million has been already paid over to US officials toward paying US players. Further $184 million Pokerstars will put in a separate account for payment to non-US players once FTP is back up and running - possibly as early as November this year.

According to Hollreiser it is also very important that the door to a potentially federal or state-regulated online poker market in the United States is opened to his company, that the agreement permits Pokerstars to apply to relevant U.S. gaming authorities, under both Pokerstars and Full Tilt Poker brands.

"We'll certainly watch the developments closely and make decisions based upon the circumstances. We are the leading online poker site and licensed in more countries than anyone in the industry. We bring tremendous value, credibility and integrity to the marketplace. With our U.S. legal issues now resolved, we are a very qualified candidate for a license."

At the same time, the FTP workforce in Dublin was retained with the possibility of expansion in the future.
General Poker News Poker Society News Back to articles

Live Activity Feed

idnever

idnever was commenting on site

ca Jan 09, 21, 10:01:29 PM

"Je reviens avec plus de patien..."

Read
Full Tilt Poker
57 4282
Sep 17, 18, 09:09:08 AM
TanyaEuschen366

Tanja Euschen claimed a poker bonus

de Nov 10, 20, 03:11:01 AM
100% First Deposit Poker Bonus Sign Up Bonus
View
TanyaEuschen366

Tanja Euschen claimed a poker bonus

de Nov 09, 20, 08:11:23 PM
£20 ($32) Bonus Package No Deposit
View
48 2906
Cupi25

Cupi25 rated a site

gb Jun 02, 20, 04:06:32 AM
57 4282
Dzile10

Dzile10 was commenting on article

rs Feb 05, 20, 02:02:27 PM

"Great article ones again!"

Read
Max Evans' Hi-Lo Country
1 1567
Jan 24, 20, 02:01:15 PM
Hopandgofetchit

Hopandgofetchit was commenting on site

us-tx Nov 15, 19, 06:11:21 AM

"DECENTSITE "

Read
Sportsbetting Poker
1 2708
Apr 06, 16, 09:04:11 PM

lpb activities in the last 24 hours