E-GAMING giant PokerStars – one of the island’s biggest employers – says it will not comment on reports that it has acquired Full Tilt Poker.
It has confirmed it is on-going discussions with US Department of Justice.
Eric Hollreiser, head of corporate communications for PokerStars, said: ‘We’ve had a lot of enquiries and there’s lots of speculation on the forums, so I wanted to address the PokerStars chatter.
‘As you know, PokerStars is in settlement discussions with the US Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumours. As soon as we have information to share publicly we will do so.’
In April last year, the US authorities the founders of PokerStars and Alderney-based Full Tilt Poker were indicted for fraud by authorities in the US. Both were forced to suspend real money poker services to players in the States.
A civil money laundering a forfeiture complaint was also filed against PokerStars, Full Tilt and a third online poker company Absolute Poker.
The www.pokerstars.com domain name initially seized by the US authorities has since been restored to enable it to be used by PokerStars outside the States and to ensure the return of money to American customers.
The Isle of Man Gambling Commission and PokerStars moved quickly to reassure players that their money was safe, the company’s licence was intact and its operations were completely unaffected.
But Alderney Gambling Control Commission suspended and then revoked the licence of Full Tilt Poker.
In September last year, it was reported that a French investment firm had agreed to buy the company for $80 million, the deal providing for full repayment of poker players, but it was subject to resolution of the US legal actions.
But that deal fell through after the potential purchaser could not reach agreement with prosecutors over how quickly players with money tied up on the site would be repaid.
It is reported that as part of PokerStars deal to settle its own outstanding issues with the Us Department of Justice, it would purchase Full Tilt Poker and pay off its player balances.