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Breaking news: FTP will relaunch during first week of November!

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Defrag   Poland. Sep 24 2012 16:16. Posts 2688

PokerStars revealed details of its plan to repay $184 million to former customers of Full Tilt Poker outside of the United States of America and announced that FullTiltPoker.com will re-launch during the first week of November!

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.

Depending upon their jurisdiction, players will follow slightly different processes for accessing their funds.

    · France, Spain, Denmark, Estonia and Belgium: In order to comply with local regulations, former Full Tilt Poker players will be repaid through the locally-licensed PokerStars platform. Players will ‘pair’ a PokerStars account with their Full Tilt account allowing them to withdraw or use their balances on the licensed PokerStars site.

    · In Italy, PokerStars is working with regulators to determine the appropriate process to ensure compliance with local regulations. Those details will be announced as soon as possible.

    · In all other markets (with the exception of the USA), Full Tilt Poker players will have full access to their accounts when www.FullTiltPoker.com re-launches during the first week of November.

PokerStars received the assets of Full Tilt Poker this summer under a wide-ranging agreement with the U.S. Department of Justice. As part of that agreement, PokerStars committed to repaying the former Full Tilt Poker players outside of the United States. The total of those balances is USD$184 million. PokerStars also paid the U.S. Government USD$547 million, which will in part be used to reimburse former Full Tilt Poker customers in the United States through a remission process to be administered by the U.S. Government.

will relaunch during first week of November!" data-via="liquidpokernet" data-size="large" data-count="none">Tweet

 Last edit: 24/09/2012 16:22

trotylion_TT   Poland. Sep 24 2012 16:47. Posts 101

Jews make it right.


xicotaSLB   Portugal. Sep 24 2012 18:00. Posts 1004

SHOW ME THE MONIEZ!!


MeProOk   Bulgaria. Sep 24 2012 18:20. Posts 163

lol I'm not even sure how much I had there, it was sooooooooooooooo long ago... However, I still miss my Gecko


MysticJoey   Poland. Sep 24 2012 18:43. Posts 1219

that information was in the emails, november 6th


Spitfiree   Bulgaria. Sep 24 2012 19:09. Posts 4594

USA's market still hasnt been regulated and they've already won it
PS r good


Maynard!   United States. Sep 24 2012 19:16. Posts 4446

I can't wait til we get some US news.

Now I really am a busto. Thanks FTP. 

flounder44   United States. Sep 24 2012 19:29. Posts 680

die howard


TalentedTom    Canada. Sep 24 2012 19:39. Posts 18657


  On September 24 2012 19:29 flounder44 wrote:
die howard

Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game 

PuertoRican   United States. Sep 24 2012 20:37. Posts 4050

Small step for FTP, giant step for people getting their money back.

Rekrul is a newb 

Spicy   United States. Sep 24 2012 21:27. Posts 1015

I just want the DOJ to come out and say "fuck it'll save us a lot of trouble and be better for the players to just let PS handle US withdrawals" but I know our govt is too stubborn to ever do that even if it makes all the sense in the world.

Indeed. 

cariadon   Estonia. Sep 25 2012 03:46. Posts 3071

One time.


dnagardi   Hungary. Sep 25 2012 08:28. Posts 873

if i started a cashout but it didnt arrive and is probably in limbo do u think those will be refunded 100% too?

btw i still didnt get any email from them to get my data


blackjacki2   United States. Sep 25 2012 09:35. Posts 1822

If the DOJ screws us over will Pokerstars be more reluctant to try to make good on something if FTP is already up and running? They might just wash their hands of the whole thing and feel like they made an effort in good faith to pay the US players and aren't going to throw away any more money simple for PR reasons. I hope they had REALLY good lawyers to ensure that the agreement they made with the DOJ is going to guarantee repayment to US players.


PuertoRican   United States. Sep 25 2012 15:57. Posts 4050

^ From what I read so far, PS paid the DOJ money. If the DOJ doesn't re-open online poker for USA in a certain amount of time, lets say 5 years from now, will PS be able to sue and get that money back from the DOJ? Even if it was possible to sue, the USA is great with lying to get out of bad spots and make others follow suit.

Rekrul is a newb 

VanDerMeyde   Norway. Sep 25 2012 16:56. Posts 3799

I won the bet vs TalentedToms brother xD keke

There is probably no God. Now stop worrying and enjoy your life 

Enigma   Canada. Sep 30 2012 16:56. Posts 133

I didn't have alot of cash tied up in the site, but I had a ton of FTPs. Any word on if these will still have value?


 




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