The U.S. Department of Justice has reached a settlement in the civil case with PokerStars, whereby PokerStars will pay $547 million and acquire the assets of Full Tilt Poker. International players will have balances made available to them through PokerStars, while U.S. players will be able to request payment of balances owed through the DOJ.
The U.S. Department of Justice has reached a settlement in its civil case against Full Tilt Poker, whereby the online poker company must turn over nearly all of its assets to PokerStars, as a result of a $547 million settlement PokerStars made with the DOJ.
This latest indictment of Full Tilt Poker CEO Ray Bitar details how Full Tilt moved money in and out of the U.S., how they hid their financial status from Alderney regulators and how they misinformed customers about how they held player deposits.
The U.S. Department of Justice has indicted two more online gambling firms and three individuals for money laundering and operating an illegal gambling business. As part of the indictment, the DOJ has also seized 10 domains, including poker room Doylesroom.com.