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Great Read On Pokerstars Fulltilt Deal

Tuesday August 21,2012 : GOOD INTERVIEW ON THE POKERSTARS - FULL TILT DEAL (Update)
 
Communications chief Eric Hollreiser talks to Yogonet in an exclusive interview
 
Pokerstars communication chief Eric Hollreiser gave an exclusive interview to the online publication Yogonet over the weekend, reviewing the momentous events leading to the acquisition of Full Tilt Poker and his company's future plans for the site and its possible entry to the US market.
 
In the interview Hollreiser details the company's "no wrongdoing" settlement with the US Department of Justice and its agreement to pay $574 million over the next three years, with the first tranche of $255 million already paid over to US officials.
 
Much of that will go toward paying US players, whilst Pokerstars will put a further $184 million in a segregated account for payment to non-US players once FTP is back up and running - possibly as early as November this year.
 
Importantly, Hollreiser signalled that the door to a potentially federal or state-regulated online poker market in the United States remains open to his company, which is interested in the possibilities.
 
Under the agreement with the Department of Justice, Pokerstars did not admit to any wrongdoing. Furthermore, the agreement explicitly permits Pokerstars to apply to relevant U.S. 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.
 
"We’ll certainly watch the developments closely and make decisions based upon the circumstances," Hollreiser told Yogonet. "We are the leading online poker site and licensed in more countries than anyone in the industry. We bring tremendous value, credibility and integrity to the marketplace. With our U.S. legal issues now resolved, we are a very qualified candidate for a license."
 
Hollreiser revealed that the FTP workforce in Dublin was being retained, and that there was the possibility of expansion in the future.
 
Read the full interview here: http://www.yogonet.com/english/2012/08/17/we-fully-expect-to-participate-in-a-future-regulated-us-market



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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