Black Friday (2011)
The Day Poker Died On "Black Friday".
US players logged in to find FBI seizure notices on PokerStars, Full Tilt Poker, and Absolute Poker.
The Charges
The founders were indicted for bank fraud and money laundering (tricking banks into processing gambling payments). *
Full Tilt Scandal:
It was revealed Full Tilt was operating a Ponzi scheme and couldn't pay back player balances. *
Resolution:
PokerStars settled with the DOJ for $731 million and eventually acquired Full Tilt to repay international players.
Related Terms
- Aggregator
A B2B software provider that acts as a hub, delivering thousands of games from various studios via a single API.
- Baccarat
Baccarat is a rigid game of chance comparing Player and Banker hands. Known for high stakes and simple "no-decision" gameplay.
- Bingo
A social game of chance where players match numbers on pre-printed cards to form patterns.
- Blackjack
The definitive guide to the most popular casino card game. Learn card values, basic rules, and the objective of 21.
- Bonus Buy Explained
A mechanic that allows players to pay a premium (usually 50x-100x the bet) to trigger the game's main bonus round immediately.
- Caribbean Stud Poker
A classic tropical stud game featuring a massive progressive jackpot side bet.