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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 :
NBA Odds: Warriors Big Favorites to Beat Cleveland -
The Warriors didn’t take last year’s NBA Finals collapse lying down. They added Kevin Durant to the starting rotation; Durant is +220 to win this year’s Finals MVP award, while Cleveland superstar LeBron James is all by himself – also at +220. Kyrie Irving is the next closest Cavalier at +1000.
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
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