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POKERSTARS DETAILS FULL TILT POKER PAYMENT PLAN

Tuesday September 25,2012  : POKERSTARS DETAILS FULL TILT POKER PAYMENT PLAN
 
Online poker giant confirms November 6 as re-launch day
 
Pokerstars continued to exploit its Full Tilt Poker acquisition this week with the unveiling of its payment plan following re-launch on November 6.
 
Part of the company's deal with the Department of Justice was a commitment to pay outstanding amounts totalling some $184 million to FTP non-US players.
 
Pokerstars intends to pay former FTP players in Estonia, France, Spain, Denmark and Belgium through the locally-licensed PokerStars platform.
 
Players will ‘pair’ a PokerStars account with their Full Tilt account which will enable them to withdraw or use their balances on the licensed Pokerstars site.
 
However, Pokerstars is still negotiating with the Italian regulator AAMS on how players should be recompensed in that market, and the details on how this will work have yet to be released.
 
Players in all other regions like Ireland and the UK will have full access to their accounts at Full Tilt once the site begins operating again in the first week of November.
 
A statement from the company Tuesday revealed that 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.”
 
As previously reported, US players will be paid through an as yet unfinalised government scheme, funded from the $547 million which Pokerstars paid as part of its settlement and acquisition deal.
 
Latest reports indicate that the US government is still considering applicants from independent third parties that possess the expertise to make such substantial disbursements.



Gambling News :

Bovada Poker is Back - We've got some great news! Poker is back at Bovada. Players who never claimed the Poker Welcome Bonus are still eligible to redeem the bonus and get in on the action.

Gnome Wood Slot Launches - An enchanting adventure awaits players in Gnome Wood, a magical 5-reel, 25 payline online slot from Rabcat, exclusive to Microgaming and Quickfire operators.

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League of Legends Live Odds - This week, Betradar, the premium partner for the betting industry worldwide, has officially launched live odds for League of Legends, developed in conjunction with esports big data specialists DOJO Madness.

JETS Media Traineeship awarded to Shelley Birkett and Jason Kiely - The 10-week RMG – JETS Media Traineeship will cover all aspects of the media, including presentation, punditry, production, digital, marketing and PR.

Comunio in deal with - One of the leading providers of fantasy sport across Europe, Comunio, has kicked off its pre-season build up by signing a transfer deal that will see Sportradar

McGregor’s Odds vs. Mayweather Get Even Shorter - Conor McGregor is still the underdog for his August 26 superfight in Las Vegas with Floyd Mayweather Jr., but his odds are improving. McGregor has shortened from +375 last week to +350 at press time, with Mayweather moving from –550 to –500.

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MLB Odds: Yankees vs. Jays at Rogers Centre - The Toronto Blue Jays (56-61, –14.26 betting units) are moving slowly up the AL Wild Card standings, and they can get closer to the Promised Land by beating up on the injury-plagued Tampa Bay Rays (59-60, –2.79 units). Game 2 of their four-game series is Tuesday at 7:07 PM ET on Sportsnet.

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