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PokerStars Announces Full Tilt Relaunch and Repayment Plans

PokerStars today confirmed that Full Tilt’s relaunch is set for November 6, and outlined plans to repay the $184 million owed to international players.

Players from France, Belgium, Estonia, Spain and Denmark will be able to withdraw from their Full Tilt accounts immediately after relaunch. According to reports, an agreement for Italian players has not yet been finalized with PokerStars and the nation’s regulator AAMS.

French regulatory authority ARJEL announced in a press conference that it has 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 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.

In the last week, PokersStars flew Full Tilt’s computer hardware from Guernsey to the Isle of Man, where the company plans to continue to license the site.


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