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Full Tilt Poker could be back up and running by November

Saturday August 11, 2012 : POKERSTARS PAYS UP AND CEMENTS U.S JUSTICE DEAL (Update)
 
Full Tilt Poker could be back up and running by November
 
The complicated - and expensive - Full Tilt Poker acquisition deal between Pokerstars and the US Department of Justice was cemented Thursday when the Isle of Man company paid over the first $225 million required within six days of the agreement.
 
The payment is part of a massive $547 million deal with payment staggered over three years.
 
“We’re delighted to announce that we have officially closed our deal with the U.S. DoJ as of today, August 9th,” company spokesman Lee Jones said, adding that Full Tilt Poker will be up and running again by November.
 
Full Tilt Poker legal counsel Cozen O'Connor confirmed the news, posting: "The asset transfer to PokerStars was consummated immediately following the United States Government's receipt of PokerStars' first payment of $225 million due under PokerStars' settlement agreement with the U.S. DOJ, which payment was confirmed this morning, August 9, 2012."
 
Pokerstars will have an additional layout of $184 million in prospect to pay out all legitimate FTP online poker account balances for non-US players, a process that must be completed within the next ninety days.
 
Although no schedule or plan for this has yet been published, there is speculation that restitution will be achieved through a revitalised FTP.
 
FTP's long-patient US players will be paid out on application to the US government under a scheme, the details of which have yet to be announced.

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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