Tag Archives: Pokerstars buys Full Tilt

Full Tilt Players to be Repaid!

Posted on by RTR Dave

Full Tilt players rejoice! PokerStars has finally reached a settlement agreement with the US Department of Justice which means they will purchase Full Tilt. Over the course of the next 3 years PokerStars will give up $547million to the US government in order to clear the debt that Full Tilt left behind when the online poker room had it’s license revoked back in September 2011. The $547 million figure represents some of the money owed to players, but it also covers the costs of bank and wire fraud, and money laundering charges incurred by Full Tilt. PokerStars has confirmed that …

Posted in RakeTheRake News | Tagged , , , , , | 26 Comments

PokerStars to buy Full Tilt?

Posted on by RTR Dave

After lots of rumours and whisperings underneath card tables, several reports circulating in the last couple of days seem to firmly suggest that PokerStars is set to buy former competitor poker site Full Tilt. The news comes after Group Bernard Tapie’s intention to buy collapsed following a failure from either party to agree on terms regarding the repayment of player funds. Group Bernard Tapie issued a statement which referred to what they deemed to be “unresolvable” legal complications with regard to repaying players. A tweet from CEO of Chilipoker Alexandre Dreyfus stated that PokerStars would be buying Full Tilt for …

Posted in RakeTheRake News | Tagged , , | 1 Comment

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