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PokerStars Weekly News Update 7/30/2012

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  1. #1

    Default PokerStars Weekly News Update 7/30/2012

    1. PokerStars is allowing players to earn 50% more VPPs during "Ring Game Happy Hour" this week. From the 24th through August 2nd, played will earn 1.5 VPPs when playing ring and Zoom poker games. Just sign on and play during these times

    6:00 - 7:00 ET
    12:00 - 13:00 ET
    21:00 - 22:00 ET

    2. Got Olympic fever? Well PokerStars wants you to compete for your country in one of the world's biggest freeroll tournaments. With 205 countries represented, there will be plenty of people to compete for the $50,000 prize pool. The 2nd and final freeroll will on on August 12th at 14:00 ET. To receive a personalized country-flag avatar, click the "Get Avatar" button on any of the banners promoting the freeroll and follow instructions.

    3. The $55 PokerStars Red Spade Open will be back on August 12th! The $1,000,000 guaranteed tournament (with at least $200k to first) will kick on at 15:00 ET on the 12th. Players can buy-in directly, or win their seats via freerolls or cash/FPP satellites. Just head to the Tourney section and click on the "Special" tab to find satellites to the Red Spade Open.

    4. The PokerStars Twitter is quickly approaching 100,000 followers. Are you one of them? Stay tuned to their account for breaking news and information on tournaments, bonuses, and other promotions.

    Check out today!
  2. #2
    5. PokerStars announces the deal with the DOJ and Full Tilt has gone through and people will receive their FTP money by September.*

    * One time????

    Edit - To clarify, they haven't announced anything like this yet - one can only hope.
    Last edited by givememyleg; 07-30-2012 at 10:27 PM.
  3. #3
    PokerStars Blog Statement:

    by Eric Hollreiser on July 31, 2012 9:00 AM

    Today's announcement of our settlement with the U.S. Department of Justice (DOJ) closes one chapter in our corporate history and opens another.

    We have admitted to no wrong-doing with regard to our past U.S. operations and can now focus all of our energy and resources on advancing our global business, which now includes operating Full Tilt Poker. You can find details of the announcement at our PokerStars press center.

    We plan to re-open the Full Tilt site and, most importantly, we will make available all funds for players outside the U.S. within 90 days of the formal close of the deal, which will occur in the next seven days. The money paid to the US Government will in part be used to reimburse former Full Tilt Poker customers in the United States, through a remission process to be administered by the Department of Justice.

    Paying back Full Tilt players was a key component in our agreement to acquire the assets. This is not only important to the individual players who have had their bankrolls tied up for more than a year, but it's also vital to re-building trust in online poker and instilling confidence in the global poker economy.

    It's too early to begin disclosing many details about our strategic plans for Full Tilt, but our first order of business is to re-open the site, pay back all of the players and begin rebuilding Full Tilt's reputation. Going forward, we will operate Full Tilt as a separate brand, giving players another leading and trusted platform to enjoy the game. The re-launched Full Tilt site will bring back the innovative features, the authentic poker and the cutting-edge software that made it so popular with millions of players worldwide.

    Getting the site up-and-running and paying back players is a complex challenge involving technical, practical and logistical hurdles affecting millions of player accounts. We're confident we can work through the challenges and our track record as a responsible and responsive company will hopefully bring some comfort to the players that have waited so long for resolution. We ask for just a bit more time and patience as we sort through the details.

    One final word about the future U.S. market. Our settlement acknowledges that both PokerStars and Full Tilt are eligible to apply for a license in the U.S. to offer real money poker when states or the federal government offer such an opportunity. We look forward to this opportunity and are confident that we bring tremendous value, regulatory experience, market credibility and financial integrity to the marketplace.

    We're optimistic about the future and we look forward to sharing the next chapters in our history with you.
  4. #4

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