After 15 long months, the Pokerstars buyout of Full Tilt Poker is finally approved by the United States Department of Justice. Players who have been waiting for their money for months will finally receive their payout.
According to Forbs $184 million will be paid to Full Tilts non-US customer base, while Full Tilt tries to ensure their US players that they will also get refunded in the near future.
Rumor has it that on August 6th the DOJ will receive $225 million as part of a first payment, of $547 million, to settle civil charges. This deal ensures that civil forfeiture and money laundering claims against Full Tilt Poker and Pokerstars will be dismissed.
With this gigantic industry takover, PokerStars now prepairs to enter the US market as “the agreement explicitly permits PokerStars to apply to relevant US 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.”
Mark Scheinberg, chairman of PokerStars, said, “We are delighted we have been able to put this matter behind us, and also secured our ability to operate in the United States of America whenever the regulations allow. This outcome demonstrates our continuing global leadership of the online poker industry, and our commitment to working with governments and regulators to ensure the highest standards of protection for players.”