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.
The iPoker Network are keeping up with the latest poker trends offering a similar product to Rush Poker and Pokerstars Zoom Poker, which has become extremely popular since it’s release.
Players can expect the same intense poker action with a speed fold option to speed the game up. Instead of facing the same opponents in a regular ring game or tournament, players are directed to a new table when folding.
The latest Full Tilt Poker news update regarding PokerStars buying FullTilt is IGaming post recently reported that following a US court hearing between Full Tilt Poker, PokerStars and the DOJ.
The parties involved are set to make an announcement some time during the last week of May 2012, which should contain a schedule for repayment of all Fulltilt Poker USA players and those from the rest of the world.
Both Isai Scheinberg the owner of PokerStars and Paul Tate Director of Payments may be expected to vacate their positions at PokerStars as part of the deal.
The deal reached by PokerStars buying FullTilt Poker will be fully approved by the USA DOJ who are then expected to announce that both PokerStars and Full Tilt Poker will be allowed to apply for licenses in the USA once poker is legal in America.
There are also rumors circulating that Wynn may have a part to play in the Full Tilt Poker deal.
PokerStars must be pleased with the outcome of their dealings with the DOJ and even more so that no prejudice will be held against them when applying for a license in the USA sometime in the future.
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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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.
