According to LegalPokerSites.com and Wendeen Eolis of Poker Player Newspaper, Full Tilt Poker and PokerStars have reportedly wrapped up a deal that would ensure the payout of $390 million of Full Tilt player funds that have been frozen since “Black Friday.” On top of this, it is also being reported that Full Tilt will be RE-OPENING to the world sometime in November of this year.
Eolis elaborated further on PPN that “without giving away the identity of a consistently impeccable resource, it is now safe to say announcements for public dissemination are in the works. At this point I am ready to go out on a limb; FTP customers will see their monies well in time for Christmas shopping.”
Here are some recent tweets from Wendeen Eolis regarding the Full Tilt scoop:
@WendeenEolis I let cat out of bag at http://PokerPlayerNewspaper.com ; jubilation for FTP employees/ Dublin & FTP customers. PS to be up for play/pay November
@WendeenEolis Last tweet needs typo correction. FTP to be up (relaunched by PS) for play and payouts due FTP customers.
The news comes as negotiations between PokerStars and Full Tilt had supposedly come to a stand-still in recent weeks. PokerStars and the United States DOJ had been in vigorous negotiations to get a deal done, with both sides wanting certain provisions that would benefit each party.
Unfortunately, it seemed the talks between the two would never come to an end. The turning point may have happened when Full Tilt’s CEO Ray Bitar surrendered to US authorities last week to finally face the charges brought against him post-“Black Friday.” Bitar was released on supervised bail after he turned himself in, and is now awaiting further hearings over the next several weeks.
We will report more on this story as it continues to break.
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