PokerStars has revealed details of its plan to repay $184 million to former customers of Full Tilt Poker outside of the USA. The company has also announced that FullTiltPoker.com will be re-launched during the first week of November.
PokerStars has been working with regulatory bodies in all relevant jurisdictions to ensure that repayment is conducted in accordance with local regulatory requirements that ensure the security of player accounts and confirmation of the rightful ownership of those accounts.
Players will follow slightly different processes for accessing their funds depending upon their jurisdiction. • In order to comply with local regulations, former Full Tilt Poker players from France, Spain, Denmark, Estonia and Belgium will be repaid through the locally-licensed PokerStars platform. Players will ‘pair’ a PokerStars account with their Full Tilt account, which will allow 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. The details will be announced as soon as possible. • In all other markets, except for 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 agreed to repay the former Full Tilt Poker players outside of the USA the total of $184 million. PokerStars also paid the U.S. Government $547 million, which will in part be used to repay former Full Tilt Poker customers in the USA through a remission process administered by the U.S. Government.
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