Groupe Bernard Tapie and DoJ Reach Agreement on Details of FTP Forfeiture

Online Poker | estimated reading time
2012. February 01. |
Full Tilt Poker is once again a step closer to the restart, with the parties involved coming to an agreement regarding the details of the forfeiture of the company’s assets.
Laurent Tapie
Laurent Tapie


According to Gaming Intelligence, Groupe Bernard Tapie and the United States Department of Justice reached a deal on the details of the forfeiture of the Full Tilt Poker assets, enabling GBT to purchase these directly from the Department for $80 million. Still, this is not yet the finale for the FTP in the process of getting the room restarted: GBT managing director Laurent Tapie said that a lot remains to be done, including finishing the negotiations with the Alderney Gambling Control Commission (AGCC) on re-licensing the room. Tapie originally expected the room to re-launch on 1st March, 2012 at the soonest.

The case of the forfeiture of FTP has been at issue since November, 2011. In December, shareholders of the company agreed to the action, so that the DoJ could sell the assets to the French for $80 million and compensate US players, while the Groupe would pay non-US clients. In addition, the DoJ would dismiss the civil complaints against FTP and its companies.

Related articles

0 comments

Our partners
Unibet
  • High rakeback
  • Beginner friendly
  • High number of casino players
Go to the room
GGPoker
  • Excellent traffic
  • Soft fields
  • Highest tournament guarantees
  • Innovative games
  • Generous bonuses
Go to the room
RedStar Poker
  • Highly trusted operator with outstanding support
  • Part of the third largest poker network
  • High overall rakeback
  • HUD is available
Go to the room
Natural8
  • Excellent traffic
  • Soft fields
  • Highest tournament guarantees
  • Innovative games
  • Generous bonuses
Go to the room
partypoker
  • Great tournament selection
  • Attractive VIP promotions
  • User-friendly software
  • Reliable provider
Go to the room
PokerKing
  • American players
  • HUD available
  • High central refund
  • New software to meet all your needs
  • More advanced game types
Go to the room
JackPoker
  • Extreme high Welcome bonus package
  • Many recreational players
Go to the room
888poker
  • Many casual players
  • Great promotion for cash game players
  • Exciting game variants: SNAP and BLAST
Go to the room
BetOnline
  • Beginner friendly
  • Wide selection of games
  • US players
  • Wide range of payment options
Go to the room
bwin Poker
  • Great tournament selection
  • Attractive VIP promotions
  • User-friendly software
  • Reliable provider
Go to the room
TigerGaming
  • Soft fields
  • US players
  • Soft fields
  • Beginner friendly
Go to the room
SportsBetting
  • Crypto Deposit & Withdrawals
  • US players
  • Wide selection of games
  • Beginner friendly
Go to the room
Betsson Poker
  • HUD is available
  • Good fields
  • Part of the third largest poker network
Go to the room
Bet365 Poker
  • Premium tables
  • Many sports betting players
  • HUD available
Go to the room
Segregated Markets
  • Privat deal: Only for Rakerace.com players
  • Untouched Fish Ponds on the Segregated Markets
Go to the room
Betkings
  • Rakeback: Up to 60%
  • Generous Welcome Bonus
  • Quick payments
Go to the room
Betfair
  • Pleasant field
  • Significant traffic
  • High flat central rakeback
  • Monthly races with total prize pool of €70 000
  • HUD available
Go to the room
PokerStars
  • Wide selection of games
  • High-guaranteed prize tournaments
  • Great software
  • HUD option
Go to the room
WPTGlobal
  • Associated with WPT
  • A large variety of tournaments
Go to the room