PokerStars Plan of Repayment to Online Poker Players Funds

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has published details of its $184m repayment program to former Full Tilt customers outside the United States in addition to announcing the relaunch of Full Tilt Poker by end of November.

In the statement Pokerstars stated, “PokerStars 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.”

PokerStars acquired the assets of Full Tilt earlier this year as the online poker room promised to make due on money owed to players, “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 PokerStars platform.
Players will ‘pair’ a PokerStars account with their Full Tilt account allowing 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. 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 re-launches during the first week of November.

Reported by Maggie B.



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