Following reports last Friday that online poker room, Poker Stars, has been in serious talks with the US Department of Justice regarding a buyout of the seized poker room, Full Tilt, a wave of optimism has come over many former American players still waiting to cash out their accounts.
Not just any rumor, the news has come straight from respected legal consultancy firm, Eolis International Group. Wendeen Eolis herself reported, “…without giving away the identity of a consistently impeccable resource, it is now safe to say announcements for public dissemination are in the works. At this point, I am ready to go out on a limb….Full Tilt customers will see their monies well in time for Christmas shopping.”
And while the majority of these players are more likely to re-deposit their earnings into an active poker account rather than use it to purchase Christmas presents, there is solid weight to the claims made by Eolis. Two other independent and highly regarded resources confirmed that the allegations made by Eolis are indeed true.
Those players who remain skeptical about the rumor still have a bad taste in their mouth’s due to a recent “false alarm” that had many believing Full Tilt was to be bought out by the acquisition group of French businessman, Bernard Tapie. Allegedly in the final stages of negotiations with the USDOJ, the deal fell through when a repayment plan could not be agreed upon.
While the same could befall a Poker Stars acquisition, there certainly is more light at the end of the tunnel, considering Poker Stars wherewithal and resources to pay out players. Let’s face it, Poker Stars was able to do it under the guise of flowers and jewelry for several years before the DOJ reversed it’s stance on what it deemed illegal online gambling activities. Executing a solid repayment plan before the year is out shouldn’t be difficult. At least that’s the hope of thousands of players awaiting what amounts to $390 million in frozen funds.