Poker has settled its deal with Full Tilt Poker by making its first payment to the American Department of Justice. A $225 million instalment was paid this week, which means that the acquisition deal between the two companies will go forward.
Over the course of the next three years, PokerStars will be making a number of payments to the American Department of Justice. These funds will cover the civil suit launched against Full Tilt as well as refund money which will be allocated to American citizens through an application process.
”We’re delighted to announce that we have officially closed our deal with the U.S. DoJ as of today”, says Lee Jones of PokerStars.
When the site is re-launched (which is likely to take place in November), non-American players will be able to withdraw the money directly from the site as they normally would. Americans, however, will have to go through the DoJ. It has not been decided yet if they will receive their winnings or simply the money they initially deposited.
One thing is certain – Full Tilt Poker will be back in the online poker world shortly. It will provide players with an alternative to existing poker rooms out there, with unique tournament formats and exclusive promotions.
