Breaking News – Pokerstars Buys Full Tilt Poker, yes it’s finally official. PokerStars have acquired FullTiltPoker assets after reaching a deal with the Department of Justice which includes reimbursing players outside of the USA.

USA players funds will be handled and processed by the U.S. government, players from the rest of the world will have their funds available for withdrawal within 90 days.

PokerStars plan to relaunch the former number 2 poker site as a separate company and maintain segregated accounts ensuring players funds are available for withdrawal at all times.

Until now no official statement was released regarding the Pokerstars Rumor Full Tilt Poker Deal, a detailed PokerStars statement now features on the Full Tilt Poker homepage confirming all the rumors that Pokerstars Buys Full Tilt Poker deal is true.

Read More …

A new rumor surfaced this week alleging that Pokerstars have pulled out on Full Tilt Poker deal, and the deal was just a ploy to prevent GBT from acquiring Full Tilt Poker. As strategic as this rumor sounds, Pokerstars Head of Corporate Communications Eric Hollreiser retweeted, ESPN Andrew Feldman tweet which stated that ‘Twitter rumors of PS folding on the FTP deal is false’.

While no actual statement has been made as to how and when the supposed the Full Tilt Poker deal is to take place, negotiations and settlement discussions are an ongoing process.

Read More …

There has been some new light shed on the Pokerstars buying Full Tilt Poker rumor, Ray Bitar was arrested at JFK Airport for his indictment charges from Black Friday. The Full Tilt Poker founder has pleaded not guilty to the charges, and willingly turned himself in as part of the process of repaying players.

In an email Ray Bitar sent out to his Dublin staff he revealed that the “deal with PokerStars will very soon make our goal a reality” in repaying players and “PokerStars to guarantee all July salaries” for his staff.

According to the Associated Press the US Gov were working in conjunction with the the Irish authorities to have Ray Bitar extradited. Bitar could be sentenced up to 145 years in prison for charges of fraud.

Read More …

Speed Holdem Poker is the new fast paced poker game to be launched in July 2012. Poker sites like Titan Poker and Winner Poker will feature Speed Hold’em poker games in the lobby on the next software update.

The iPoker Network are keeping up with the latest poker trends offering a similar product to Rush Poker and Pokerstars Zoom Poker, which has become extremely popular since it’s release.

Players can expect the same intense poker action with a speed fold option to speed the game up. Instead of facing the same opponents in a regular ring game or tournament, players are directed to a new table when folding.

Read More …

In what seems to be a silly joke and somewhat of a rumor, PokerStars have bought FullTilt Poker after reaching an agreement with the DOJ following Laurent Tapie’s failed bid at taking over FullTilt Poker.

While it certainly seems that PokerStars have bought Full Tilt Poker it is not yet 100% confirmed as of writing, in the alleged legal agreement reached between PokerStars and the purchase of Full Tilt Poker, PokerStars have agreed to a $750M fee which includes the settlement with the DOJ and player balances worldwide.

The GBT deal is very definitely a no go as can be seen on iGamingFrance and EGR where they have confirmed that without a doubt the FullTilt buyout deal is off.
PokerStars may have just done the right thing by buying FullTilt Poker if indeed the news turns out to be true which I’m guessing it is. It is also being reported that PokerStars will continue to run Full Tilt Poker as a stand-alone brand.
Read More …