Joined: Oct '08
Location: Canada
Age: 66 (M)
Posts: 2423
Statement
As part of its agreement with the U.S. Department of Justice (DOJ), PokerStars has obtained the assets of Full Tilt Poker, and will use these assets to re-launch the Full Tilt Poker site. PokerStars has also committed to the full reimbursement of funds owed to Full Tilt Poker customers outside the United States within 90 days of formal closing of the deal, which will be by November the 6th. United States Full Tilt Poker players will be dealt with by the U.S. government.
We will set aside a separate account holding the full amount to cover all outstanding player balances outside of the U.S. and are working diligently to re-open the Full Tilt site as soon as possible. This process will take time as we verify account ownership and balances and work with authorities in the relevant jurisdictions to ensure that we can return funds in an efficient and effective way. Again, our agreement with the DOJ means these funds must be available by November the 6th.
Going forward, Full Tilt Poker will maintain a segregated account with more than enough funding to ensure that player funds are fully available for use or withdrawal at any time.
We understand that former Full Tilt players have many questions and we will strive to answer as many as possible as soon as we possibly can. Below is an FAQ addressing many initial questions. We will continually update this FAQ as more information becomes available.
FAQ
General
Will Full Tilt be closed down permanently?
No. We plan to re-open Full Tilt by November the 6th, making player accounts fully available for use, play or withdrawal. We are not currently planning to seek a license to operate Full Tilt in France, Italy, Spain, Denmark, Belgium and Estonia. For Full Tilt players in these markets, we will work with regulators to determine the appropriate mechanisms for making funds available. In any case, these funds will be available as soon as possible.
When will Full Tilt be re-opened?
We plan to re-open Full Tilt in most markets by November the 6th.
I play on PokerStars but not on Full Tilt. How does this affect me?
This will not impact players on PokerStars in any way. You can continue playing as before and your money is completely segregated and safe for play and/or withdrawing at any time you please.
Full Tilt Poker will reopen in most countries and we plan to apply for a global license with the Isle of Man and Malta gaming authorities. We are not currently planning to seek a license to operate Full Tilt in France, Italy, Spain, Denmark, Belgium and Estonia. Full Tilt players in these countries will be able to play on PokerStars.
Does this settlement mean I can play real money online poker in the United States?
No. Under the terms of our agreement with the U.S. Department of Justice, we will not offer real money online poker in the U.S. until such time as there is regulation and licensing permitting this. The agreement does expressly allow for both PokerStars and Full Tilt Poker brands to apply for such licenses in the U.S. whenever they are offered.
My Account
Can I transfer my FTP funds to an account on PokerStars?
We hope to have the functionality in place to allow inter-site transfers between Full Tilt Poker and PokerStars, so that you can enjoy playing again on either platform of your choosing. We will provide additional guidance on this in the coming weeks.
I’m from Italy (also: France, Spain, Belgium, Estonia, Denmark). Can I use my funds on PokerStars, due to not having the option to play on Full Tilt Poker again?
We are currently working with the relevant authorities in your country and hope to put in place a solution that allows you to transfer your Full Tilt funds to a PokerStars account.
Cashouts
How do I cashout my funds? (United States and related territories)
The process of reimbursing Full Tilt US players will be addressed by the US Government.
When will I be able to cashout my funds? (France, Spain, Belgium, Italy, Estonia, Denmark)
We are currently working with the regulators in your country on the mechanisms required to withdraw your funds. We are committed to making these funds available by November the 6th.
Will I be able to cashout my entire balance? (Rest of World)
Yes. Full balances will be made available for immediate withdrawal once the site is reopened on November the 6th.
What cashout methods will there be? (ROW)
We will strive to ensure our complete payment offering is available at the time of launch. Where possible this will be consistent with the current offering at PokerStars.
Are there going to be play through requirements before I can cashout? (ROW)
No. You will have full access to your funds immediately and in most cases will be able to fully withdraw funds using the same methods previously available in your market.
How long will my cashout take to process? (ROW)
Processing times will differ depending on the method of cashout.
What happens to my Full Tilt loyalty rewards?
We are reviewing all previous Full Tilt reward programs and will provide more details on plans for these programs in the near future. We intend to have a fair resolution for players with accumulated points and other rewards under the program.
Can I use my FTP funds on PokerStars?
We are currently working on solutions for players to have inter-site transfers between FullTiltPoker.com and PokerStars.COM.
Joined: Jan '11
Location: United States
Age: 60 (M)
Posts: 3361
This sounds as if they're going to become an organized site with all bases covered. I just hope the global licensing includes the U.S.A. eventually. I still don't think there's a site out there that compared to FullTilt. Of course I've only played on PokerStars, Cake, Carbon and Bravada, but PS doesn't even have the things going for them that FT did. I hope it all works out for the best because the U.S. needs a good site to play on.
Joined: Oct '09
Location: United Kingdom
Age: 57 (M)
Posts: 667
We've all read this before, but it is good to re-affirm our knowledge of what's going on.
The first thing I am going to do is withdraw my $102.00 (roughly) and play it on Pokerstars. At least then I can lose it of my own accord and not get some crook to have it off me. A pity really as I did really like FT. In fact how long has it been? I cannot remember my password, (Oh S**t) Panic has set in already, I hope it is the same as my others!!!!
Anyway GL to you all wherever you play.....................
Joined: Jun '10
Location: Belgium
Age: 57 (M)
Posts: 178
Hope to recover my bankroll at Full Tilt as a belgium player this will not be evident i think. I'm not sure to play further on Pokerstars, maybe just withdraw the money.
Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
Fulltilt poker is coming back says the announcement.Full Tillt is coming back since last year and is not here,yet.FT was my first love,wonderfull design,fantastic promotions(maybe because it was sinking at that time)I have a positive balance with them so not so excited about the return of FT.Maybe I am older and bitter.
Joined: Jun '10
Location: Belgium
Age: 51 (M)
Posts: 1457
Same for me..
I had also an account there and liked playing at FTP. For belgium and some other countries they will not get a license at this moment (and as they have already a PS license for Belgium, they will probably not get a second one)
So problably no FTP for Belgians, and PS No thank you i ll rather play somewhere else
Joined: Feb '11
Location: United Kingdom
Age: 59 (M)
Posts: 5712
Have been away for a week or so and thought when I opened this up that there wqas some new news about FTP...but alack and alas, no! Still waiting to see if I can rememeber my password to regain the dollars I have stashed there!!!!
Joined: Nov '11
Location: United Kingdom
Age: 67 (M)
Posts: 3361
well if or when it comes back i hope it's run better this time and there's no crooks in it trying to steal our money. and i better get my $6 or $8 back.
