The latest Full Tilt Poker news update regarding PokerStars buying FullTilt is IGaming post recently reported that following a US court hearing between Full Tilt Poker, PokerStars and the DOJ.

The parties involved are set to make an announcement some time during the last week of May 2012, which should contain a schedule for repayment of all Fulltilt Poker USA players and those from the rest of the world.

Both Isai Scheinberg the owner of PokerStars and Paul Tate Director of Payments may be expected to vacate their positions at PokerStars as part of the deal.

The deal reached by PokerStars buying FullTilt Poker will be fully approved by the USA DOJ who are then expected to announce that both PokerStars and Full Tilt Poker will be allowed to apply for licenses in the USA once poker is legal in America.

There are also rumors circulating that Wynn may have a part to play in the Full Tilt Poker deal.

PokerStars must be pleased with the outcome of their dealings with the DOJ and even more so that no prejudice will be held against them when applying for a license in the USA sometime in the future.

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Despite no recent news on the subject of when Full Tilt Poker will reopen or when Pocket Kings Ltd intend on paying out the millions that are owed to their former loyal customers, there is some pretty good news in that Full Tilt Poker (Pocket Kings Ltd) is hiring again, they are currently looking to recruit multilingual service reps, service supervisors and service team leaders.

The current ads are online at jobs.ie posted by Pocket Kings Ltd located in Cherrywood, Dublin, Ireland.

The other bit of positive news is that Orinic Limited has applied for an AGCC category 2 license, a category 2 license permits full online gambling licensed by the AGCC.

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Full Tilt has been closed for nearly two months now, for a while poker players heard positive rumors that a group of European investors were looking to acquire the Full Tilt brand however things with that deal now look to have fallen apart with FullTilt announcing that they have begun negotiations with additional potential investors.

In their statement they said: “Full Tilt Poker will strive to have better communication with its customers going forward”; let’s hope that that part is true as to date their handling of the situation has been abysmal and one wonders if they still carry any value to the online poker world after all they have done or rather haven’t done.

Their rather lame excuse was: “Full Tilt Poker apologizes for its lack of communication with its customers over the last month and a half, but it has been grappling with unexpected and complex legal and financial issues arising from Black Friday and its aftermath. In addition, the company has had to be circumspect about disclosing the progress of negotiations with potential investors because there is often a requirement of strict confidentiality.”

The statement went on to try assure customers that their funds were safe:  “Full Tilt Poker’s number one priority remains the same: to secure an infusion of capital to repay all of its worldwide customers.”

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