Full Tilt Logo

Players are one DOJ step closer to getting money back

There have been some recent movements with the progress of Full Tilt Poker’s legal status and what’s going on with the revived gaming brand.

Now it looks like they have just sent out an email to players advising them that the funds remission process will be handled directly by the Department of Justice.

The latest email to players informs them that real money play will not be active from November 6th and that they can only play for fun. They also mention that a settlement has been reached with the DOJ but Full Tilt will not be allowing US players to play until that market is regulated under law.

As far as the player’s money, they clearly state that everyone will have to contact the DOJ administration dept along with any questions they may have.

Check out the email below:

As you may be aware, The Rational Group, which operates PokerStars, obtained certain assets of Full Tilt Poker as part of a settlement reached with the US Department of Justice Southern District of New York.

Under the settlement agreement with the Department of Justice, The Rational Group committed to make available for withdrawal the online poker account balances of all non-U.S. players of Full Tilt Poker. FullTiltPoker.com will launch on November 6, and from this date forward non-U.S. players will be able to withdraw their balances, which relate to previous player activity on the site. These funds will be made available for withdrawal out of the Rational Group’s own resources through funds which will be transferred by the Rational Group into segregated bank accounts.

Other than the non-US player balances, The Rational Group did not assume any liabilities of the previous Full Tilt Poker companies and therefore previous contractual agreements that Full Tilt Poker may have had with affiliates were excluded. As such, The Rational Group is not liable and will not pay for any affiliate earnings which may have been due to you under your agreement with any former Full Tilt Poker company.

For those accounts where player funds are commingled with funds derived from affiliate earnings, The Rational Group will only be making the portion of the funds relating to your previous player activity available for withdrawal.

Separately, as we are working around the clock to get the new FullTiltPoker.com site up-and-running by November 6, we are unable to offer an affiliate program for Full Tilt Poker at this time. We do intend to launch a new affiliate program in the first quarter of 2013, under the Rational Group, which will be a joint program with PokerStars. This future program will give you the opportunity to promote and earn from both brands. We look forward to engaging with you on a new partnership going forward.

Sincerely,

Full Tilt Poker


Tags: , ,

Related posts: