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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.
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Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
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