FullTiltPoker.com to re-launch in first week of November
ONCHAN, Isle of Man, Sept. 25, 2012 /CNW/ - PokerStars revealed details of its plan to repay $184 million to former
customers of Full Tilt Poker outside of the United States of America
and announced that FullTiltPoker.com will re-launch during the first
week of November.
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
Depending upon their jurisdiction, players will follow slightly
different processes for accessing their funds.
France, Spain, Denmark, Estonia and Belgium: In order to comply with
local regulations, former Full Tilt Poker players will be repaid
through the locally-licensed PokerStars platform. Players will 'pair'
a PokerStars account with their Full Tilt account allowing them to
withdraw or use their balances on the licensed PokerStars site.
In Italy, PokerStars is working with regulators to determine the
appropriate process to ensure compliance with local regulations. Those
details will be announced as soon as possible.
In all other markets (with the exception of the USA), Full Tilt Poker
players will have full access to their accounts when www.FullTiltPoker.com re-launches during the first week of November.
PokerStars received the assets of Full Tilt Poker this summer under a
wide-ranging agreement with the U.S. Department of Justice. As part of
that agreement, PokerStars committed to repaying the former Full Tilt
Poker players outside of the United States. The total of those
balances is USD$184 million. PokerStars 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.
PokerStars operates PokerStars.com, the world's most popular online poker site that serves the world's
largest poker community with more than 49 million registered members since it launched in December 2001. It is the first choice of
the world's top players, with more daily tournaments than anywhere
else, and with the best security online. More hands have been dealt on
PokerStars.com than on any other site; that's over 85 billion hands and more than 590 million tournaments played.
PokerStars.com and PokerStars.eu operate worldwide under licenses from the Isle of Man and Malta
governments, respectively. PokerStars also operates under separate
government licenses in Belgium, Denmark, Estonia, France, Italy and