PPA Statement on PokerStars’ Purchase of Full Tilt Poker and Legal Settlement with U.S.

Department of Justice
Washington, DC (July 31, 2012) – John Pappas, executive director of the Poker Players Alliance (PPA), the leading poker grassroots advocacy group with more than one million members nationwide, issued the following statement upon today's announcement that PokerStars purchased Full Tilt Poker's major assets and settled its legal disputes with the U.S. Department of Justice. The settlement means that tens of thousands of Americans will be able to seek reimbursement of the more than $150 million they have been owed since April 15, 2011. "Thanks to PokerStars, the PPA expects that tens of thousands of innocent American poker players will now have access to more than $150 million that has been kept from them for over 14 months. We applaud that the parties made a process for the restitution of the players a central component of the agreement, and appreciate the government’s commitment to the fair treatment of the players “The government has not yet released the precise details on how reimbursements will occur. It is the PPA's position that the government must take all steps necessary to ensure the process for the players to recover their full funds is not unduly burdensome. PPA's legal team will remain fully involved as the ‘voice of the player’ to ensure our members are heard throughout this process. As we learn more, the PPA will quickly gather and distribute information on the reimbursement process to our members. "At the same time, let’s remember that Americans still remain unable to play poker with safe and secure online sites based in the U.S. – a freedom and consumer protection they should not be denied. The PPA and its members continue to urge Congress to quickly enact thoughtful legislation to create a licensed and regulated U.S. online poker market that restores Americans' freedom to enjoy a game of poker from their home computer." For more information: Department of Justice Press Release: http://www.justice.gov/usao/nys/pressreleases/july12/pokersettlement.html PokerStars Press Release: http://www.pokerstars.com/press/pdf/ps-settles-us-dispute-acquires-assets-of-ftp.pdf About The Poker Players Alliance The Poker Players Alliance (www.theppa.org) is a nonprofit membership organization comprised of over 1,000,000 online and offline poker players and enthusiasts from around the United States who have joined together to speak with one voice to promote the game and to protect poker players' rights.

Sign up to vote on this title
UsefulNot useful