After a meeting of the minds today between federal prosecutors and three large Internet poker companies, the first step of actual progress has been made since the historic “Black Friday” over a year ago. In a settlement agreement with the Department of Justice, PokerStars agreed to pay the government $547 million dollars over the next three years.
Since PokerStars has acquired all the assets of Full Tilt Poker, part of that money will be used to reimburse former Full Tilt customers from the US, who were jilted out of $184 million when it was shut down by the DoJ.
Interestingly enough, the government stated the approved settlements (those between the government and Pokerstars, Full Tilt) do not constitute any admissions of liability, guilt, or wrong doing by the affected parties. Reaching the agreement, however, was crucial in the ability for Poker Stars to reenter the US market if (once?) laws are changed to make playing poker online legal.
U.S. Attorney Preet Bharara said in a statement that the settlement deals “will allow us to quickly get significant compensation into the victim players’ hands.”
As of this post, a settlement offer had not been approved between the US Government and Absolute Poker, the last of the “Black Friday” trifecta that was accused of laundering a large portion of its multi-billion dollar income through hundreds of non-existent online merchants. Read more about it in this Huffington Post article.
Casino operator, Red Rake Gaming (RRG), has grown its presence in the Eastern European market following a partnership with Pokerdom, which it praises as one of the biggest providers in the region. As a result of this deal, the provider from Spain and Malta will distribute its lobby of slot games to Joker Online and Pokerdom. Red Rake Gaming continues to push the limits with new gaming concepts based on the experience of players in the game development cycle.
Pariplay, a leading online casino content aggregator with the Fusion platform and the Ignite Studio development program, has inked a deal with the international software provider Digitain. As part of this deal, content from Pariplay products will be broadcasted to B2B partners.
Evolution Gaming, the leading provider of live casino solutions, has announced the launch of Side Bet City, a 1980s-themed poker room that promises to give punters a real taste of the 80s.
Transporting players back to 1985 it’s a Las Vegas poker room with a stunning setting complete with bright neon lights for an authentic late-night buzz.
Fun, Fast-Paced Game: