Source: PokerStars & Full Tilt Poker announcement end of May

According to iGaming Post, PokerStars, Full Tilt Poker and the Department of Justice are reported to have reached an agreement on paying back Full Tilt Poker players after a recent court hearing. The site also claims, that an announcement will be made at the end of May.

"The date is yet to be decided, because of the logistics of repaying both Rest of World and US players is still being concluded. But PokerStars are confident that this will happen in the next ten days and will be approved by the US DOJ.

Having finalized the repayment structure we are told that the next step would be an announcement by the DOJ that both companies will be allowed to apply for licenses within the US, when and if this is made legal.", iGaming Post tells.

Last month, Groupe Bernard Tapie issued a press release, confirming that their pending takeover deal of Full Tilt Poker had fallen through. Since then, rumors have been going wild suggesting that PokerStars could be now buying Full Tilt Poker.

Full Tilt Poker, PokerStars and the U.S. Department of Justice have all have remained mum about the latest developments so far.

Highstakesdb.com will keep you updated.

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