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No Agreement Finalized to Reimburse Italian Players

Italian regulator AAMS has not reached an agreement with PokerStars to refund former Full Tilt accounts in the country, according to eGaming Review.

Last month, PokerStars outlined repayment plans, though noted discussions with the Italian regulatory body were still ongoing.

The operator will refund players through the company’s dot country domains in France, Spain, Denmark, Estonia and Belgium.

Players in other territories—excluding the United States—will be able to play or withdraw funds immediately following Full Tilt’s relaunch on November 6.

More than $184 million is owed to international players, though it is not known what is owed to Italian players specifically.

A spokesman for AAMS told eGaming Review that the ongoing negotiations are “complicated” and a resolution before November 6 is not guaranteed.

“[In its previous guise] Full Tilt Poker was not a recognized company in the Italian market. The situation in France was different, as Full Tilt had a license there,” the spokesman explained.

French regulatory authority ARJEL announced in a press conference last month that it had created a trust account with PokerStars to allow players on Full Tilt’s former French site to transfer funds or cash out.

ARJEL first licensed Full Tilt through the site’s subsidiary Rekop in 2010. The license was suspended in July 2011, however, less than a week after the AGCC froze Full Tilt’s operating licenses.  

US players who have moved abroad will not have immediate access to their balances, though they will be permitted to play on the new Full Tilt.

Yet to be repaid, US players are still awaiting the completion of the procurement process with the Department of Justice, which is currently searching for a payment processor.

 

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