PokerStars, Full Tilt Poker and the Department of Justice are reported to have reached an agreement on paying back Full Tilt Poker players after a recent court hearing. An announcement will be made at the end of this month, the report says.
PokerStars, Full Tilt Poker and the U.S. Department will be making an announcement about the imminent payout of player funds to Full Tilt Poker's players already this month, a report from iGaming Post claims.
The website says that it has learned that an agreement has been made between the parties about the repayment plan for players both in the U.S. and in the rest of the world, following a recent court hearing in the U.S.
The agreement would finalize the structure of the repayment process, with the parties now being confident that this will happen within the next ten days, according to the report.
A specific date has yet to be set, however, due to the process of ironing out the logistics of such a repayment plan.
Once the announcement is made, the next step would allegedly be for the U.S. Department of Justice to confirm the deal, which include for both Full Tilt Poker and PokerStars to be allowed to apply for licenses within the U.S., when and if online poker is regulated in the future.
The developments may mean the end to the struggles of thousands of Full Tilt players, who have seen their funds tied up on the dormant poker site for almost a year.
A takeover deal with French investors Groupe Bernard Tapie fell through in its eleventh hour in April, but PokerStars was immediately reported to have entered the stage with a fresh €750 million bid to take over Full Tilt instead and repay its players.
Neither Full Tilt Poker, PokerStars or the U.S. Department of Justice have commented on the most recent developments as of yet.