Settlements announced between U.S., ‘Big Three’ online poker companies
- $547 million will be paid to the U.S. government source
» More than money lost: In addition to the money that the U.S. will claim from PokerStars — with $184 million being used to repay former players — the government will also seize all assets owned by Absolute Poker. “Our hope and expectation is that the proceeds of the forfeiture will be used to repay our players,” said Absolute Poker’s attorney Jerry Bernstein, but he also noted that the decision ultimately rests with authorities. Full Tilt Poker did not escape unscathed either, and plans to sell all of its assets to PokerStars as part of the settlement.
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