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Poker News | World Poker News

Full Tilt Poker Relaunch and ROW Players Payment Plan Announced by PokerStars

PokerStars - Full Tilt Poker
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PokerStars' plan to repay $184 million to Full Tilt Poker's former players living outside the United States (rest of the world players - ROW) was announced on Monday, September 24th, 2012. The plan to relaunch during the first week of November was also announced.

PokerStars closed a $731 million deal on August 9th to acquire Full Tilt Poker - 16 months after the U.S. Department of Justice indicted the online poker big three. Part of the deal with the U.S. Department of Justice was that all outstanding balances of the ROW players (which totaled $184 million) would be made available to players that had their money frozen on Full Tilt Poker.

Local regulatory requirements must be met in different jurisdictions where the repayment process varies; PokerStars has been working with regulators to make sure the local regulatory requirements are followed in the repayment process.

Full Tilt Poker players that live in France, Spain, Denmark, Estonia, and Belgium will have their funds repaid through the locally licensed PokerStars platform after they "pair" a PokerStars account with their Full tilt Poker account. The option to either withdraw their funds or keep their balances on the licensed PokerStars' site is available.

PokerStars is still working with regulators in Italy and will announce the repayment details as soon as possible.

Full Tilt Poker players in all other markets, with the exception of the United States, will gain full access to their accounts with the relaunch of

PokerStars paid $547 million to the U.S. Government as part of the agreement with the U.S. Department of Justice; U.S. players’ funds will be distributed by the U.S. Government from that amount. Details are not available at this time as to when and how the distribution will be made.

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