The latest iteration in a long series of rumors regarding the status of player funds at Full Tilt Poker suggests that a deal with PokerStars has been completed and players will be repaid in full.
Wendeen Eolis reported today for Poker Player Magazine that the negotiations between the U.S. Department of Justice, Full Tilt Poker and PokerStars have come to an end. Said Eolis, “Without giving away the identity of a consistently impeccable resource, it is now safe to say announcements for public dissemination are in the works.”
The rumor has sent the poker world into a buzz as Eolis suggests Full Tilt customers will receive their funds in time for Christmas shopping. Should the rumor be true, it would mean the reimbursement of $390 million back in the hands of Full Tilt customers who have endured a roller coaster of information regarding the status of their funds since Black Friday.
Rumors of a possible buyout of Full Tilt Poker by PokerStars became public in April, just past the one year anniversary of the day the DOJ indicted both poker rooms. That indictment later revealed the unstable nature of Full Tilt’s balance sheet as they were unable to come up with money to fund player cashouts.
Full Tilt Poker CEO Ray Bitar recently turned himself in to U.S. authorities saying that Full Tilt was very near the end of a long road to repay players. Bitar was indicted along with 10 other men on Black Friday.
A public statement from PokerStars is being anticipated in order to confirm the rumors.
“starvingwriter82″ on the TwoPlusTwo forums posted regarding today’s rumor, “I’m drunk already. I figure it’s the appropriate response regardless of which way this goes down.”
Intoxication seems appropriate, indeed. Players with money stuck on Full Tilt have reason to finally celebrate or numb their pain in any case.