New rulings mean big changes in the online poker world.
Two weeks ago, online poker site PokerStars.com reached a settlement agreement with the United States Department of Justice in the amount of $731 Million dollars in relations to charges brought against them in April of 2011. In addition, the settlement included terms that saw PokerStars purchase rival online poker site Full Tilt Poker.
For those unfamiliar with the story, the US Department of Justice unsealed an indictment on April 15th, 2011 against PokerStars, Full Tilt, and Absolute Poker that charged them with numerous crimes that included money laundering, bank fraud, and violations of the UIGEA. In addition, their .com domains were seized by the US Government.Since that time, Full Tilt and Absolute Poker have both been forced out of business and PokerStars pulled out of the United States…
Continue reading… “Recent PokerStars-DOJ Deal Will Change the Future of Online Poker Forever”