U.S. Makes $731 Million Settlement of Cybercomplaint With Pokerstars and Full Tilt Poker as States Fight to Start Online Gaming Operations

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Monday, October 1, 2012

Author:

Bruce Zagaris

Volume:

28

Issue:

10

Abstract:

On July 31, 2012, the United States government concluded settlement agreements with PokerStars and Full Tilt Poker (“Full Tilt”), two of three online poker companies sued by the U.S. in a money laundering and forfeiture complaint originally filed in April 2012. U.S. District Judge Leonard B. Sand of the Southern District of New York approved the settlement.