The Latest on Full Tilt Poker

October 12, 2012

Full Tilt Poker, one of the most popular poker sites, recently shut down after over a year of trouble leading to the site being charged with fraud. Several players were left hanging as their money was held up with the mess created by the site. PokerStars eventually came to the rescue and acquired the site, promising to pay players back their long overdue money.

Full Tilt Poker contacts its players in the United States

Recently, Full Tilt Poker sent their American players an email summarizing the outstanding balances. The email also contained information on how the site can be used. The email mainly provides a brief about all the information that has been made public already.

American players who would like to retrieve their money need to do so through the Department of Justice. Although Americans will not be permitted to play real money games, the site can be used for free games.

The email also assured players that their Full Tilt Points are intact. The details about whether these points can be used were not addressed.

Full Tilt receives an operating license

Recently, Full Tilt Poker announced its reception of a license by Isle of Man’s Gambling Supervision Commission or GSC. Full Tilt can now provide online poker to players from the Isle of Man.The announcement was made public by the Rational Group, which is in charge of PokerStars’ operations.

PokerStars acquired Full Tilt in August and will re-launch it on the 6th of November.  All non-US players will be repaid their $184 million.

The Rational Group released a statement to the press, which said that the license was granted after thoroughly scrutinizing the operations that were proposed, by the Gambling Supervision Commission or the GSC.

The GSC were very interested in going through the structure of senior management, which is planning on running Full Tilt Poker’s. The GSC’s CEO, Steve Brennan stated that they are very confident that players’ interests will be safeguarded with the strict policies governing the license. The application got additional credit as the management team and new owners are known to the commission. They also have a good record with regulation compliance.

Previously, Full Tilt Poker was regulated by the Gambling Control Commission of Alderney.  This commission took away the license in June 2011. Things have greatly changed since then and in September 2012, 30 tons of hardware for Full Tilt was sent fromDublinto the PokerStars’ headquarters, which are on the Isle of Man. Although Full Tilt Pokers headquarters will continue to be in Dublin, the servers are required to be in theIsle of Manaccording to the regulations.

Paul Telford, who is the general counsel of the Rational Group, stated that the group considers the Isle of Man’s e-gaming regulations as the gold standard for the internet gaming industry. He added that the Isle of Man’s attitude towards making sure operators provide completely safe service is unlike any other in the industry.Isle of Manis also reputed for being socially responsible and fair when it comes to e-gaming regulations.

The Isle of Manis especially respected in the online gaming industry because they ensure all players funds are well protected under trust arrangements, which are compulsory and also integrated into their regulations.

About PokerStars and Full Tilt Poker 

PokerStars is recognized as one of the leading poker sites globally. On the site, you can choose from an exciting array of poker variants to just observing live games. The option to watch games as they play out is a great way from new players to learn poker. The software this site features is ideal for both Mac and Windows systems. The graphic and sound quality is extremely high, and the site is very user friendly.

The games offered in the site include Seven Stud, Texas Hold’em and Omaha among others. Players have the option of picking from different poker limits to match your requirements. Players are guaranteed utmost security on the site. Customer support is available 24 hours a day and players are greeted by a knowledgeable and enthusiastic team of representatives.

Until the entire Black Friday incident, when three of the top poker sites in the US were shut down, due to illegal operations, Full Tilt Poker was quite a popular site for poker fans. The site opened in 2004 and quickly grew into a massive internet poker room.

Both free-play and real money games were offered on Full Tilt and the site was famous for its tournaments, bonuses and promotions. Razz, Stud and Omaha were just few of the several poker variants offered at the site. The site was set up by several poker pros, who all are pretty well known in the industry, Phil Ivey being one such player. While the site was functional, players found it a complete pleasure to use.