Full Tilt Poker Deal Successfully Completed According to Report

July 27, 2012
Full Tilt Poker Deal Successfully Completed According to Report

Follow up on the story: Full Tilt Poker players to get Full Refund within 90 days

According to an article on Poker Player Newspaper, the negotiations between Full Tilt Poker and PokerStars have reached a conclusion and an announcement on the details will be soon.

The article’s writer, Wendeen H. Eolis, also stated that she believes that players will receive their Full Tilt Poker funds in time for Christmas shopping.  These details come from what Eolis calls a “consistently impeccable resource.”  She did not give details because she said that the PPN print edition was about to come out and she would not be able to provide details before that point.

Should Eolis’ source prove reliable, this would spell a successful end for players in the Full Tilt Poker saga, one that has seen $390 Million of player funds squandered by Full Tilt Poker executives and players left holding the bag.  PokerStars would further their positive karma amongst players by repaying these funds.

The rumored deal between PokerStars and the US Department of Justice became public a couple of months ago and has since been the topic of public scrutiny by many in the poker community.  Ranging from “it’s a done deal” to “never going to happen”, players have waited patiently to find out if their funds would ever be returned.

Full Tilt CEO Ray Bitar is currently in his home in California on monitored bail following surrendering himself to federal authorities.  Chances are that we will see a resolution in the way of a plea agreement announced by the DOJ sometime in the next couple of weeks should today’s report hold true.

As always, we will keep you informed on this story as new details develop.

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