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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



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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