PokerStars Issues Comment on Rumored Full Tilt Poker Acquisition

Eric Hollreiser, Head of Corporate Communications for PokerStars, issued a statement at 3:40 pm ET regarding the rumored acquisition of Full Tilt Poker by PokerStars.

It’s what Hollreiser does not say that speaks volumes.

We've had a lot of enquiries and there's lots of speculation on the forums, so I wanted to address the PokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. As soon as we have information to share publicly we will do so.

Hollreiser could easily have come out and said the rumors are untrue.

Full Tilt Poker has failed to pay customers since April 15, 2011, commonly known in the poker community as “Black Friday”. 

Full Tilt Poker and PokerStars both had accounts froze by US authorities on that date.  Unlike FTP, however, Stars was able to pay all customers within a month following the seizures. 

Chili Poker CEO Alexandre Dreyfus was the first official to announce Tuesday his Twitter page the following: 

"PokerStars buys Full Tilt for a consideration of $750M, including settlement with DOJ and full balances of players ($330M). I'm impressed."

PokerStars in recent days announced job openings in Dublin, home of Full Tilt Poker.  Stars does not currently have an office there. 

- Chris Costigan, Gambling911.com Publisher