PokerStars have announced details of how former non-US Full Tilt Poker players will be repaid when the online web site is re-launched in November.
Following the arrival of the Full Tilt Poker hardware on the Isle of Man yesterday, PokerStars issued a press release announcing how they intend to provide access to player funds when the “green button is pressed” and the cards are dealt at Full Tilt Poker once again.
PokerStars has been working with regulators in all relevant jurisdictions to ensure that repayment is conducted in strict compliance with local regulatory requirements that ensure the security of player accounts and confirmation of the rightful ownership of those accounts, the press release revealed the following information:-
Based on customer addresses registered with Full Tilt Poker at June 29th 2011, players residing in non-US countries with the exception of France, Italy, Spain, Denmark, Estonia and Belgium, will be able to log into their Full Tilt Poker account when the site is up and running and have full access to their funds to withdraw or use as they wish.
Players living in France, Spain, Denmark, Estonia and Belgium – where Full Tilt Poker will not be available – will have their former balances “paired” with their PokerStars site and be able to withdraw their Full Tilt Poker balances through their PokerStars account. Players without PokerStars accounts in these countries will have to create an account in order to access their funds.
Arrangements for former Full Tilt Poker players with registered addresses in Italy are still under discussion with the Italian regulator AAMS and Italian poker players will have to wait a little longer to discover how they will be able to gain access to their FTP bankrolls.
Poker players with FTP registered addresses in the US will also have to wait to find out how and when they will be repaid their Full Tilt Poker balances. The Department of Justice announced in August that they were looking for a payment processor to handle the repayment of Full Tilt Poker balances to players in the US, but have yet to provide details on the exact method of payment that will be used in the States.