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Pokerstars Explains Full Tilt Poker Repayment Plan

Internet poker giant PokerStars has revealed details about its plan to repay players of Full Tilt Poker and announced that the troubled poker site will re-launch on November 6th.

Players who hail from the UK and Ireland will be able to access their accounts fully once Full Tilt Poker officially re-launches on November 6th.

Players from Estonia, France, Spain, Denmark and Belgium will be paid through each country's officially licensed PokerStars client.

The company will also pay players from Italy once the company completes negotiations with regulator AAMS on as to how players should be compensated.

PokerStars released a statement on Tuesday explaining that they are working with various regulators "...in all relevant jurisdictions to ensure that repayment is conducted in strict compliance with local regulatory requirements that ensure the security of player accounts and confirmation of the rightful ownership of those accounts.”

American players will be paid once a government plan is finalized. Balances are set to be paid from a $547 million fund which PokerStars paid as part of the settlement deal.

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