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   Monday, May 27 2024 
ARJEL: Repeal of Rekop Ltd. license in France

The French Regulatory Authority of online games (ARJEL) approved the reimbursement process of French players on Full Tilt Poker since last September but its implementation became effective only after a month later, since November 2, 2012. Since then, € 4.1 million were repaid to players and there is still € 600,000 of the € 4.7 million that anyone has not yet reclaimed. 90% of French assets owned by 13,000 players were reimbursed until here and this was made possible through the acquisition of Full Tilt Poker by the world's largest online poker, PokerStars. But since March 14, Full Tilt players worried again about their account and the future of the reimbursement process following the announcement of the suspension by the ARJEL of Rekop Ltd. license, the operator who manages the brand Full Tilt Poker in the country. This repeal was foreseeable given that the company is currently in liquidation.

In front of this position, the ARJEL reassured Full Tilt players via a statement issued this week. In this letter, the French regulator made it clear that the repeal of Rekop Ltd. will not alter the ongoing reimbursement process until all players will be repaid. As a reminder, Full Tilt Poker occupied the 2nd place of online poker rooms, but the situation changed this week. In fact, Full Tilt lost two places in the ranking in favor of Party Poker and iPoker. Repayment of players is one of the reasons that boosted the traffic on Full Tilt Poker during the first months of recovery.

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