PokerStars purchases Full Tilt Poker and will pay out player balances, and some other news that pales in comparison. It’s all in Tuesday’s edition of the Hit and Run.

Full Tilt sold to PokerStars: PokerStars has acquired Full Tilt Poker, according to its blog and multiple reports online. Our story summary here; full story from here, and press release here. You can talk about the news at 2+2.

Non-U.S. players will get paid within 90 days, according to the reports. U.S. players will be able to be repaid via funds forfeited by PokerStars to the U.S. government — more than half a billion. PokerStars also plans to reopen Full Tilt as a separate brand.

Stay tuned for more developments.

Quick hitters:
–Greg Raymer won a Heartland Poker Tour event in New Mexico.
–Actor Pierce Brosnan is involved with Lottomatica, which has applied for a license to operate online poker in Nevada:

–The $1 million Red Spade Open returns at PokerStars.
–Is the International Stadiums Poker Tour actually happening?
–Tournament director Matt Savage gets 30 tweets a day about rulings. Sounds like a fun life.
–William Hill is not a fan of tax plans for gaming in the U.K.