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.

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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.

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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.
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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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A quick update on the $80 Million Full Tilt Poker deal with Groupe Bernard Tapie for those of you like us with portions of their bankroll still tied up.

Groupe Bernard Tapie’s lawyer Behnam Dayanim made a statement to PokerStrategy.com that the parties involved have mutually decided to extend the previous deadline and that positive progress had been made with the Full Tilt takeover deal.

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