Rest easy now, French players with funds tied up on Full Tilt Poker; it looks like you’re about to see your money again.
French online poker regulator ARJEL has approved a procedure that will allow French players to withdraw their funds from FullTilt.Fr through PokerStars.Fr. By being able to transfer their funds from Full Tilt to PokerStars, players now have the option to play with money they haven’t seen in quite some time or withdraw them entirely if they’ve missed them long enough.
The agreement between PokerStars and ARJEL allows the former to establish what it calls a “trust fund” that would ensure full repayment of French players with funds tied up to Full Tilt. Incidentally, this isn’t the first time the two companies have engaged in an agreement like this, having done the same set-up only last year when PokerStars established a similar trust fund for its own French players as a way to ensure that their players’ funds remained intact.
This development should ring music to the ears of French players with accounts and funds in Full Tilt Poker. Certain procedures have to be followed in order to verify a player’s identity and account details but all that appears to be a mere formality. These procedures will take effect the day of Full Tilt’s relaunch on November 6.
There’s no telling if or when Full Tilt Poker will be back in the French online poker market after having its licensed revoked last year. But at the very least, French players with funds on the site will be able to transfer and see their money again.
That in itself is positive news for all those people who thought their hard-earned funds have gone down the dumps.