Poker Stars 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 Full Tilt Poker.com will re-launch during the first week of November.
Poker Stars 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 accounts.
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 Poker Stars platform. Players will ‘pair’ a Poker Stars account with their Full Tilt account allowing them to withdraw or use their balances on the licensed Poker Stars site.
• In Italy, Poker Stars 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.Full Tilt Poker.com re-launches during the first week of November.Poker Stars 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, Poker Stars committed to repaying the former Full Tilt Poker players outside of the United States. The total of those balances is USD$184 million. Poker Stars 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.
About Poker Stars:
Poker Stars operates Poker Stars.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 Poker Stars.com than on any other site; that’s over 85 billion hands and more than 590 million tournaments played.
PokeStars.com and PokerStars.eu operate worldwide under licenses from the Isle of Man and Malta governments, respectively. Poker Stars also operates under separate government licenses in Belgium, Denmark, Estonia, France, Italy and Spain.