Is PokerStars Taking Over Full Tilt Poker?

Dramatic Full Tilt news has been revealed yesterday. It seems that PokerStars might take over Full Tilt Poker for good. However there is absolutely nothing for Full Tilt players to worry about. Rumour has it that PokerStars will refund all FTP players money. The GBT Attorney points that there were two main reasons of what went wrong with purchasing FTP:

One of them was that Group Bernard Tapie couldn’t reach an agreement about repayment to players. The second point of concern was the interpretation of the deal in different countries outside the US.

GBT Attorney Dayanim comments on PokerStars rumour:

“If there is a deal with PokerStars, it very well could be the case that they decided that the two risks I just outlined were acceptable in light of an overall resolution to the DOJ legal position. They could have decided that those risks were small in the grand scheme of their situation, and that they would therefore be willing to deal with them.”

There is a post on 2+2 Forums that stresses:

PokerStars has reached an agreement with the U.S. Department of Justice to buy FTP. The things I heard:

• All players will be refunded 100%
• Both sites back online
• Both sites have promotions
• Employees remain in both places

The PokerStars themselves released the following statement:

“We’ve had a lot of enquiries and there’s lots of speculation on the forums, so I wanted to address the PokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. As soon as we have information to share publicly we will do so.” – Eric Hollreiser, Head of Corporate Communications, PokerStars

Alexandre Dreyfus, the CEO of Chilipoker, tweeted “PokerStars buys Full Tilt for a consideration of $750m, including settlement with DOJ and full balances of players ($330m). I’m impressed”.

It also looks like Full Tilt Poker will be soon available for US players as well. That is great news for USA Poker players. So everything is going well for Full Tilt, either way the players from Europe and rest of the world will get their money pretty soon.

Don’t forget to check back as I will be posting some major updates. I will also try to summarize everything I find on the internet, so you will not have to look in different sources all the time my friends 🙂

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