By Matt Kaufman, Rakeback.com Poker News Editor
Ever since Full Tilt Poker stopped operating last year, poker players across the world focused their attention on when they may finally receive their funds from the site.
Full Tilt, as it turned out, didn't have those funds. It needed a company to step in and supply the cash.
PokerStars, the world's largest poker room, stepped up to the plate and appears to have hit a home run for players.
After purchasing the assets of Full Tilt Poker in a deal with the US Department of Justice, PokerStars got to work towards re-launching Full Tilt and paying back players.
A press release from PokerStars was issued on September 24th and reveals the following plan for repayment, sorted by geographic location of players:
• France, Spain, Denmark, Estonia and Belgium: In order to comply with local regulations, former Full Tilt Poker players will be repaid through the locally-licensed PokerStars platform. Players will ‘pair’ a PokerStars account with their Full Tilt account allowing them to withdraw or use their balances on the licensed PokerStars site.
• In Italy, PokerStars is working with regulators to determine the appropriate process to ensure compliance with local regulations. Those details will be announced as soon as possible.
• In all other markets (with the exception of the USA), Full Tilt Poker players will have full access to their accounts when www.FullTiltPoker.com re-launches during the first week of November.
The release also states that players from the United States will be reimbursed "through a remission process to be administered by the U.S. Government."
As always, Rakeback.com will continue to report on this story as it continues to develop, and we look forward to Full Tilt's re-launch in early November!
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