Full Tilt Poker May Pay One Billion in Damages


11/15/2011
By Maria McCoyGoogle

It looks like the drama will go on.  Full Tilt Poker may end up paying a billion dollars to the US Department of Justice for damages resulting from violations to the US gambling laws.  Group Bernard Tapie, a French business, is hoping the online poker room can be saved.  They are waiting to see if they can strike a deal with the poker site.

GBT can do nothing until the matter with the Department of Justice is resolved.  That is not all it is waiting on.  Full Tilt Poker will also be required to pay back three hundred million dollars to their customers.  This includes non-US customers as well as the US customers.

There are many people wondering if Ultimate Bet and Absolute Poker will be able to pay back their customers.  A press release stated that Blanca, the company who owns the two poker sites, will be liquidating some assets in order to start paying back both US and non-US players.  All three sites were closed down on Black Friday and it is a waiting game to see who will pay back what is owed first.

The Kahwanake Gaming Commission has been working with all three sites to find a solution.  Everything is now in place for the issue to be resolved.  The Commission sees paying players back for the money lost as the first priority.  It will have to sit back and wait to see what happens.  That is also what the players who lost money are doing.


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