Amaya Gaming Group has announced that the merger of PokerStars and Full Tilt will happen on May 17, with the latter’s poker platform being retired permanently.

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Amaya announced the plan in February. As of last year, the two sites had roughly 70 percent of the global online poker market, Amaya Gaming said during a quarterly earnings report. Though Full Tilt was still profitable from poker, its “market share has been in decline since its 2012 re-launch,” Amaya said earlier this year.

PokerStars acquired Full Tilt from the federal government in a 2012 settlement worth $731 million. Two years later, Amaya bought the combined company for $4.9 billion. The former CEO of Amaya is facing insider trading chargers stemming from that acquisition.

Although Amaya claim Full Tilt is still profitable, they have shrunk to a low of 3% market share as opposed to PokerStars 68%. You can read more from our news story PokerStars and Full Tilt to merge liquidity pools. Also how have you managed to last 10 years without PokerStars.

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The rumoured merger of player liquidity between Full Tilt and PokerStars has been confirmed in a press release yesterday evening. Full Tilt, formerly the second biggest player in the online poker.
Full Tilt Poker to Merge With PokerStars. By TechAdmin on 25th February 2016 in Gambling News. Some may call it predictable, some may be saddened by the venture, but Full Tilt and PokerStars are finally set to merge. There has been a lot of speculation surrounding this topic in recent history within the poker community and finally, suspicions.

Thanks to the merger of the PokerStars and Full Tilt player pools, customers will now only have one account between the two sites, as well as for StarsDraft, BetStars and Duel. Full Tilt, which has other casino games in addition to poker, will still exist as a brand.

“In coming days, Full Tilt players will be emailed direct and personal information on how this will affect them specifically, which depends on a variety of factors including their jurisdiction and the status of their PokerStars account (if any),” Amaya said in a press release. https://thenewtree.amebaownd.com/posts/15568886.

The merger will “make us more nimble as we can focus our technological innovation on one platform, rather than two, so we will be able to innovate more quickly and enter newly-regulating and existing markets swiftly,” Amaya said in February.

Amaya re-entered the U.S. market via New Jersey in March, and it has also been pushing for regulated online poker in California, and most recently, Michigan.

The Canadian gaming giant also recently hired a lobbyist on Capitol Hill to presumably fight against Sheldon Adelson’s efforts to ban online gaming nationwide.

Is gambling really that bad. Full Tilt, formerly Full Tilt Poker, was shut down by the federal government in 2011 after being accused of operating as a “global Ponzi scheme.” The remission process that is reuniting victims of Full Tilt Poker with their lost money is still ongoing. Since the remission process began in early 2014, roughly $112 million has been returned to victims of the site. According to the federal government, $159 million was stolen from Americans when the site was run by Howard Lederer, Ray Bitar, Chris Ferguson and Rafe Furst.

PokerStars and Full Tilt, once massive rivals in the online poker space before the former acquired the latter in a 2012 deal, are going to be merging their respective player pools, according to their parent company, Amaya Gaming Group.

Amaya said Tuesday that the Full Tilt brand will remain in existence, but customers will soon only be able to have a single account across the platforms. As of last year, the two sites had roughly 70 percent of the global online poker market, Amaya Gaming said during a quarterly earnings report.

Full Tilt Poker Pokerstars

The Canadian gaming company said that Full Tilt “continues to be a profitable poker room” but that its “market share has been in decline since its 2012 re-launch.” In Full Tilt’s heyday, it was the home to the biggest online games in the world.

“This platform migration will allow Amaya’s development and technology teams to focus on improving one market-leading platform rather than two, leading to a better gaming experience for all; improvements and features will be delivered faster and more efficiently rather than doubling development requirements,” the company said.

“Players will benefit from a larger pool of players offering greater game choice, bigger prize pools,” Rafi Ashkenazi, Chief Executive Officer of Rational Group, added. “It will also make us more nimble as we can focus our technological innovation on one platform, rather than two, so we will be able to innovate more quickly and enter newly-regulating and existing markets swiftly.'

Amaya gave detail about how the account merging will work.

All Full Tilt players will be contacted directly and will be provided with a link to full and comprehensive information on how these changes will affect them. Once the migration has taken place, players will have one single account that can be used to play on the shared platform through either the PokerStars or Full Tilt branded software. The migration process will automatically identify whether players have an existing PokerStars account and combine the accounts if needed; for those that do, their PokerStars username will take precedence. If a player does not have a PokerStars account they’ll be given the option to keep their screen name—if it’s available—or create a new one.

Full Tilt Poker Online

One of the markets that Amaya is eyeing is the U.S. state of New Jersey, which PokerStars received a license in last fall. PokerStars already had a brick-and-mortar partner in Atlantic City at the time of licensing. The site has been absent from American cyberspace since Black Friday in April 2011, a far-reaching civil and criminal case that ensnared the then owners of the top online poker sites still running games for Americans. PokerStars settled without any admission of wrongdoing.

Amaya bought PokerStars, along with its sister site Full Tilt, in 2014 for $4.9 billion.

Full Tilt Poker Pokerstars

Full Tilt Poker Online

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Full Tilt Poker Merge With Pokerstars