Full Tilt Poker and US Department of Justice Reach a Deal

» Posted on 01 / 4 / 2016
Bookmark and Share

   

Full Tilt Poker has finally reached a deal with the US Department of Justice that looks to get upheld player funds back into their rightful hands.

Former players at Full Tilt Poker who found themselves suddenly ejected from the site earlier in the year for residing in the US have been in limbo for more than 7 months, locked out of their accounts, unable to access their own funds, wondering if they would ever see that money again. Now, as Thanksgiving in the US rapidly approaches, it looks like American former Full Tilters may have something to be thankful about after all. The Associated Press reported last Friday, November 18, 2011 that, according to a lawyer for the Groupe Bernard Tapie, the company reached a signed agreement from the US Department of Justice that would permit a sale of the currently defunct online poker site to the French conglomerate.

A lawyer for Raymond Bitar, the CEO of Full Tilt Poker, this will allow for those affected US players to get their money back. By purchasing Full Tilt Poker legally from the US DOJ, the Groupe Bernard Tapie will be able to open the site back up to non-US operations. As per the terms of the agreement, however, the Groupe Bernard Tapie would not be responsible for paying back these players. Rather those players would be allowed to send claims directly to the Department of Justice. Also as part of the agreement, current stakeholders in Full Tilt Poker at the time of its seizure and closure on April 15, 2011 will not be permitted to reinvest in the new, European-focused Full Tilt Poker.

Europa Casino 200% Bonus

Related Articles

  • Intertops Casino Players Get Chances to Spin Wheel of Fortune

    Every day Intertops Casino is awarding $1,000 in bonus prizes to players of any game at the site. With » more
  • Casino Club Lines Up the Calendar With Promos This October

    This October 2011, Casino Club has lined up their calendar with free spins and other promotions. Their 10th » more
  • 5 Reel Online Slots

    Anyone looking to have a great time playing slot games online will want to take a good look at the 5 reel » more
  • William Hill Bingo Holding Big Apple Giveaway

    Win a trip to the Big Apple, NYC or one of a range of personal electronic devices at William Hill Bingo » more
  • Jacks or Better Video Poker Strategy

    If you’ve played just one video poker game, chances are that it’s Jacks or Better. Jacks or Better is » more
  • Dafa888.com Wants You To Guess The Game

    Dafa888.com is holding a promotion called Guess The Game in which, each week players get a chance » more
  • iGaming North America Conference Gives the State of the Gambling

    At last week's iGaming North America Conference, online gaming was a key focus. Last week Las » more
  • Casino Club Weekly June Promotions

    Casino Club's calendar of weekly promotions for June of 2013 includes Double Loyalty Rewards, and a €500 » more
  • November Nine Set For Rematch At Foxwoods

    The 2010 November Nine, the 9 final table players at the 2010 World Series of Poker Main Event, are about to » more
  • Poker After Dark Returning To NBC This Week

    This week, NBC television premiere's the return of its cash game poker TV show, Poker After Dark, starting » more