Time for a Poker MindShift Moment: Poker players have cause to celebrate. PokerStars has bought the assets of FullTilt!
July 31, 2012 – “PokerStars today announced that the Company has reached a settlement with the U.S. Department of Justice (DOJ) Southern District of New York. As part of the settlement agreement, PokerStars has also acquired the assets of Full Tilt Poker, and has committed to the full reimbursement of Full Tilt Poker customers outside the United States.”
John Pappas, the Executive Director of PPA, Poker Players Alliance, the leading grassroots poker advocacy group with more that one million members, expressed his gratitude today to PokerStars and all the parties for reaching this agreement.
This is a benchmark for all of us in the poker industry. There is more than $150 million of our funds that have been frozen for the last 14 months.
The news releases from both PokerStars and the Department of Justice go on to say that the exact process for reimbursement will be announced soon.
You can take a look at the official news press from PokerStars here.
Go here to see Department of Justice official news release.
There is a however. We must remember to continue the pressure on Washington to bring about federal legislation for the regulation of online poker.
Take Action NOW
Please go to the Poker Players Alliance website that take the daily action steps.
Now more than ever, we must continue to make sure our voices are hear.
Until next time, remember,
If you can’t raise, don’t call.
Dean of Poker MindSet Academy &
Poker MindSet Coach