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Monthly Archives: July 2012
Full Tilt Players Hit $547 Million Bad Beat Jackpot
The Department of Justice announced today settlements with Full Tilt Poker and Poker Stars, the latter of which will acquire assets of the former. Poker Stars will be able to re-enter U.S. jurisdictions should online poker be made explicitly legal in the future and own the Full Tilt Brand without any admission of wrong doing. All for a mere half billion or so, to be paid out over three years. Poker Stars announced it intends to re-introduce the Full Tilt Brand with a new management team — previous managers are barred from participating. Many civil and criminal trials and settlements against Full Tilt poker “insiders” are still pending, with some of the named defendants still at large. Claims against Absolute Poker/Ultimate Bet are still to be settled.










