Online Poker Sites Settle U.S. Civil Charges of Illegal Internet Gambling

PokerStars said that it has reached agreement with the U.S. Department of Justice to buy Full Tilt Poker and repay the approximately $184 million owed by Full Tilt to foreign players.

U.S. Atty. Preet Bharara in New York says with the settlement the government is able to make sure that the victims will be compensated quickly.

The government shut down both sites last year accusing them of tricking banks into processing billions of dollars of illegal Internet gambling proceeds.