PokerStars plans to re-launch Full Tilt Poker in most markets as a separate brand, following the appointment of a new, independent management team. gaming authorities, under both PokerStars and Full Tilt Poker brands, to offer real money online poker when State or Federal governments introduce a framework to regulate such activity.
Furthermore, the agreement explicitly permits PokerStars to apply to relevant U.S. Under the agreement with the Department of Justice, PokerStars does not admit to any wrongdoing. players, with all its licenses in good standing, without interruptions. PokerStars has remained open for non-U.S. customers of Full Tilt Poker (an amount totalling USD$184 million), with no restrictions on withdrawals, within 90 days of completing this transaction. PokerStars will also make available in a segregated bank account, all outstanding balances owing to all non-U.S. customers shortly after it closed its U.S. PokerStars repaid all amounts owing to its own U.S. 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.
The total amount to be paid by PokerStars is USD$547 million which will be payable over a period of three years. As part of the settlement agreement, PokerStars has also acquired the assets of Full Tilt Poker, and has committed to the full reimbursement of Full Tilt Poker customers outside the United States. Department of Justice (DOJ) Southern District of New York.
ONCHAN, ISLE OF MAN – J– PokerStars today announced that the Company has reached a settlement with the U.S.
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