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Poker Stars Allowed to Operate in the US Again

Written By: PokerNet.com | July 31, 2012 | Posted In Poker News

PokerStars will now be taking over the assets of Full Tilt Poker. According to the settlement agreement with the US Government signed on Tuesday, PokerStars will be made to pay all players of Full Tilt Poker living outside of the US to whom FTP has owed money from. The US Government will be arranging payment methods for players who live within the US.

This settlement was confirmed last Friday and was announced at the same time another executive of Full Tilt Poker who was charged with money laundering and bank fraud arrived in the US after more than a year of hiding. Nelson Burtnick is now in full custody of the US Government after arriving before noon aboard a United Airlines flight from Dublin,Ireland. Burtnick was one of the two defendants who were indicted during the “Black Friday” on April of last year.

Last year’s indictments against executives of three major online poker websites, Full Tilt Poker, PokerStars, and UB.com, forced the executives to leave the US marketplace. Their website domains have also been seized by the US Government. To this day, PokerStars was the only one that remained solvent. It now has become the largest web “real money” cardroom in the world.

Part of Tuesday’s agreement prohibits PokerStars from offering online poker in the US for real money until it has been made legal under US law.Nevada, having passed their own legislation on interactive gambling, can now allow real money play, which technically opens its doors for PokerStars. By the year’s end, a federal legislation might also be passed, which could brighten up PokerStars’ chances in online poker in the US.


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