PokerStars, an online poker room with one of the best reputations in the industry may be planning to buy Full Tilt Poker, a poker site with one of the worst reputations in the industry.
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Rumors are circulating that PokerStars is currently in the process of making a deal with Full Tilt Poker and buying out the company from the US Justice Department. According to reports, the new deal will solve problems that both PokerStars and Full Tilt Poker are facing with the US Justice Department. However, no amount has yet been quoted about how much of funds are to be involved in the deal between the two companies.
Eric Hollreiser, from PokerStars spoke on the topic but did not divulge any information regarding Full Tilt Poker entering an agreement with his company. However, he did mention that PokerStars was involved in talks with the US Department of Justice. “As soon as we have information to share publicly we will do so.” Hollreiser said.
According to a statement released by the Full Tilt Poker company on a possible buyer, FTP appears to be looking in good shape and is confident that they are on an uphill sort of climb from the bottom. “Full Tilt Poker is more optimistic than ever that its number one goal will be obtained: Full Tilt players will be repaid. Full Tilt Poker has been in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on any rumors related to the details of those discussions,” said the report.
However, despite all this there are reports that counter the possibility that Full Tilt Poker is on the rise. The first of this is a statement released by the Alderney Gambling Control Commission that claims that Orinic, a subsidiary of Full Tilt Poker has dropped its request for a category license. This will mean that Orinic and the Alderney Gambling Control Commission will not have to go through a public hearing in Alderney which was scheduled to be held on the 3rd of May. “…Orinic Limited has, pursuant to Regulation 28(1) of the Alderney eGambling Regulations, 2009, withdrawn its application dated 23rd March, 2012 for a Category 2 eGambling licence. Accordingly the public hearing scheduled to take place on Thursday 3rd May, 2012 at the Braye Beach Hotel, Alderney will not now take place,” stated the report from the Alderney Gambling Control Commission.

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