The long awaited question of when will Full Tilt Poker open has finally been answered, add 6th November 2012 to your calendar as the date that Full Tilt Poker will officially reopen and be ready for action once again as an online poker room.

Full Tilt Poker will this time however be under totally different management and all player balances will be restored except for US and regulated European regions.

The newly formed Full Tilt poker management team will be independent of PokerStars and based out of Dublin, Ireland meaning they will not follow the mould of Pokerstars in terms of promotions, marketing, and tournaments but will instead be left to create their own brand to compete with Poker Stars.

USA players will look to the DOJ to repay their outstanding balances and will no longer be permitted to play at the re-launched FullTilt site.

Players from France, Spain, Belgium, Italy, Estonia and Denmark the European regulated regions will be assisted by their regulators with plans in place for those regions to allow transfers of Full Tilt Poker balances to a PokerStars account in the region.

Luckily for all players who were owed money by FullTiltPoker, PokerStars reached an agreement with the US DOJ that grants all Full Tilt Poker assets to PokerStars. Part of the agreement reached includes the payment of all Full Tilt Poker players worldwide within 90 days.

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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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Some good news for Full Tilt Poker players, the Groupe Bernard Tapie have reached an agreement with the Department of Justice and signed a deal which includes:

• GBT repaying customers outside of the USA.
• DOJ to repay US players from seized funds.
• GBT acquiring Full Tilt Poker for $80 million.

Full Tilt Poker still need to agree and sign the deal to start the process of the sale of the company, while there may still be further negotiations, representatives from both parties seem optimistic about the recent developments. Hopefully we’ll see Full Tilt Poker open it’s doors to players and restore their negative reputation and regain players trust.

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A bit of good news for Full Tilt Poker fans, if there are any left, the Ivey vs. Tiltware lawsuit was dismissed on 30 June 2011; the case was voluntarily dismissed without prejudice by Phil Ivey.  It is rumored that a group of European investors are interested in purchasing a majority stake in Full Tilt Poker which would be one step closer to seeing all USA FullTilt poker accounts paid out.

PokerStars have benefited the most from Full Tilt Poker’s closure, they have seen a surge in their player numbers since Full Tilt Poker closed; they have reportedly claimed 66% of FullTiltPoker’s players.

The big question everyone is now asking is: When will Full Tilt Poker open again?

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