PokerStars publishes Full Tilt player repayment plan

With the relaunch of Full Tilt Poker on track for the first week of November, new owner PokerStars has published details of its US$184m repayment programme to former Full Tilt customers outside the United States. Since the company reached agreement with the US Department of Justice in July to acquire the assets of Full Tilt, PokerStars has been working with regulators in a number of jurisdictions to validate the rightful ownership of Full Tilt accounts and to ensure that all repayments are made in compliance with local regulations. As a result of those discussions, former Full Tilt customers in the regulated markets of Belgium, Denmark, Estonia, France and Spain are to be repaid via the locally licensed PokerStars platform in order to comply with local regulations. Players will be required to ‘pair’ a PokerStars account with their former Full Tilt account so as to be able to either withdraw or use their balances on the local PokerStars site. PokerStars said that it is also working with Italian regulators to determine the appropriate process under Italian regulations, and said that it would release details of the process as soon as possible. In all other markets with the exception of the US, players will have full access to their accounts when Full Tilt relaunches in the first week of November. As per the agreement with the DoJ, former Full Tilt players in the United States are to be reimbursed through a remission process administered by the US government.