Today's announcement of our settlement with the U.S... Department of Justice (DOJ) closes one chapter in our corporate history and opens another.
We have admitted to no wrong-doing in regards to our past U.S. operations and will now focus all of our energy and resources on advancing our global business, which now includes operating Full Tilt Poker. You will see details of the announcement at our PokerStars press center.
We plan to re-open the whole Tilt site and, most importantly, we will be able to make available all funds for players outside the U.S... within 90 days of the formal close of the deal, that allows you to occur within the next seven days. The money paid to the U.S. Government will partly be used to reimburse former Full Tilt Poker customers within the United States, through a remission process to be administered by the dep. of Justice.
Paying back Full Tilt players was a key component in our agreement to obtain the assets. This isn't only important to the person players who've had their bankrolls tied up for greater than a year, but additionally it is vital to re-building trust in online poker and instilling confidence within the global poker economy.
It's too early to start out disclosing many information about our strategic plans for Full Tilt, but our first order of industrial is to re-open the site, pay back all the players and start rebuilding Full Tilt's reputation. Going forward, we will be able to operate Full Tilt as a separate brand, giving players another leading and trusted platform to benefit from the game. The re-launched Full Tilt site will bring back the innovative features, the authentic poker and the cutting-edge software that made it so well liked by millions of players worldwide.
Getting the location up-and-running and paying back players is a posh challenge involving technical, practical and logistical hurdles affecting millions of player accounts. We're confident we will be able to work throughout the challenges and our track record as a responsible and responsive company will hopefully bring some comfort to the players that experience waited see you later for resolution. We ask for only a bit more time and patience as we sort throughout the details. For now, we've posted an FAQ for Full Tilt players. There's also a brief FAQ for PokerStars players.
One final word in regards to the future U.S. market. Our settlement acknowledges that both PokerStars and whole Tilt are eligible to use for a license within the U.S. to supply real money poker when states or the government offer such a possibility. We glance forward to this chance and are confident that we bring tremendous value, regulatory experience, market credibility and monetary integrity to the marketplace.
We're optimistic concerning the future and we glance forward to sharing the following chapters in our history with you.
Read More... [Source: PokerStarsBlog.com :: Corporate Blog]
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