Confirmed? Pokerstars buys Full Tilt Poker

April 24th, 2012 | by Admin |

Pokerstars buys FTPGreat news surfaced today that Pokerstars are in the process of buying out Full Tilt Poker (shut down last year) and all players will be refunded in full – but is rumour is true?

This morning the news broke on 2+2 (see the original thread and the phenomenal response from the poker community – Big News: PokerStars Purchases FTP) that Pokerstars had bought FTP, the post by an unknown member (this was their first post) simply said:-

“PokerStars has reached an agreement with the U.S. Department of Justice to buy FTP. The things I heard:

* All players will be refunded 100%
* Both sites back online
* Both sites have promotions
* Employees remain in both places

Expect more news today.”

This was swiftly followed by a statement by the Groupe Bernard Tapie (published on the iGaming Post), who were previously considered to be buying FTP, that they were no longer purchasing FTP themselves but specifically mention a Pokerstars buy out in their release:-

We understand from press reports that the DOJ may have entered into an agreement with PokerStars pursuant to which PokerStars will acquire the FTP assets.?If accurate, we can only assume that PokerStars determined that it was willing to accept these legal and financial risks in order to resolve its own legal situation with DOJ.??If a PokerStars acquisition of FTP means that all FTP players will be fully repaid immediately, we are very happy for the players, as their final and full repayment has always been our priority.

Interesting indeed, couple this with nothing more than a ‘no comment’ from Pokerstars representatives and tantalising ‘this could be true’ comments by leading players in the poker world then this all seems to be heading on one positive direction.

If this is true then this is great news for all the players who lost their bankrolls when FTP shut down last year, even better news for all the US players who had their bankroll seized by the DOJ when FTP was forced out of the US market as “All players will be refunded 100%” can only mean everyone will be paid.

A few players have expressed concern about Pokerstars developing a monopoly in the poker world, well, guess what? They already have! They already dominate online poker and they still run huge promotions and have a fair loyalty program available to all players, more importantly they have already proved they act with integrity where players’ balances are concerned. This can only be good news for online poker.

One thing is for sure, if this is not true (and remember news of this came from a new member with only one post at 2+2) then it’s bad news for players hoping to recover lost bankrolls from FTP, as with Pokerstars and GBT out of the picture there is no longer a buyer and no solution in sight.

We’ll follow this story closely and update if anything is confirmed… or denied.

UPDATE: Pokerstars Head of Corporate Communications, Eric Hollreiser, has just made a statement on the Pokerstars Blog:-

“We’ve had a lot of enquiries and there’s lots of speculation on the forums, so I wanted to address the PokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. As soon as we have information to share publicly we will do so.”

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