They would obtain Full Tilt Poker, pay a $731 million settlement, reimburse non-American players within 90 days and facilitate American player cash outs with supervision of the DOJ. In July 2012 PokerStars finalized the deal with the DOJ. PokerStars saw an opportunity to strike a deal with the DOJ and obtain their main competitor at the same time and started to negotiate the takeover of Full Tilt Poker. With the Full Tilt issue, players were left with a loss of an estimated $731 million. The problem was caused by the fact that Full Tilt didn’t have any money left, due to bad management. While PokerStars were paying all their players in a timely manner, Full Tilt Poker struggled to do the same. com domain in order to facilitate the American player’s cash outs and only a few weeks later the players were paid back in full. In May, only a few weeks after Black Friday, PokerStars had reached an agreement with the DOJ about facilitating cash outs. PokerStars immediately stopped accepting American players and began a dialog with the DOJ.Īll American player funds were frozen until a settlement with the DOJ could be reached. com website was seized by the Department of Justice (DOJ) with charges of violating the UIGEA, money laundering and bank fraud. On April 15th 2011 (also known as Black Friday) the PokerStars. Visit Site What Happened with PokerStars in the US?
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