Ray Bitar surrenders to US, verifies PokerStars deal

Posted by Steve Ruddock on Jul 02, 2012 Posted in Poker Industry News | No Comments »

PokerStars versus Full TiltIt would take a lot to push the Big One for One Drop poker tournament off the front page, but we may have the one news item capable of doing just that, as an E-Mail is being circulated that originated with Full Tilt poker CEO Ray Bitar where he claims to be surrendering to the US Government, and that PokerStars will be handling Full Tilt Poker employee payments for July. This E-Mail has been independently verified by both EGR and PokerNews, and has been seen on several poker forums, including PokerForums.org:

To all Dublin Staff,

By now you probably have heard that I have returned to the US to deal with civil and criminal case that are pending against me in New York. We have all worked hard over the last 15 months to preserve Full Tilt’s assets and potential in order to provide for the repayment of all players, and that continues to be our top priority. It is as important as ever that we all do everything possible to make that happen and, hopefully our deal with Poker Stars will very soon make our goal a reality. My return to the US is part of this process.

I am particularly grateful to all of you here in Dublin for your hard work, patience and understanding during this difficult time. I believe that your hard work and dedication should not go unrecognized, and we have made arrangements for Poker Stars to guarantee all July salaries. You should therefore have no concern about coming to work during this period. After that, we expect that your employment contracts will be assumed by the buyer of the company’s assets.

For those that need to reach me, I expect to continue to be available by email and phone starting late Monday, New York time.

In the meantime, please refer any operational questions to **REDACTED**, and any HR questions to **REDACTED**.

Thank you all again.

Kind regards,

Raymond J Bitar

It seems that Bitar’s decision to surrender to US authorities is part of the conditions of the deal that involves PokerStars, Full Tilt Poker, and the US Department of Justice. The implications being that the long-suspected deal that will see PokerStars takeover their former rival Full Tilt Poker is about to come to fruition.

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