Poker Rooms

Tapie Expects Full Tilt Poker to Reopen in January

<a href="http://www.rakerace.com/news/poker-rooms/breaking-news-full-tilt-poker-acquired-by-groupe-bernard-tapie/"><strong>As we reported last week</strong></a>, <em>Groupe Bernard Tapie</em> and <em>FTP </em>announced they signed an acquisition agreement. This is indeed good news, however, there are still many obstacles in the way of reopening <em>Full Tilt</em>, which Tapie expects to be happening in January 2012. The group will begin negotiations with the <em>DoJ </em>this week.
author-picture Admin - 2011. October 03.

Groupe Bernard Tapie (an investor group specializing in reviving companies in distress for 30 years now) announced that they signed an acquisition agreement with Full Tilt Poker. This has been the first positive development in the history of Full Tilt Poker since the Black Friday. Laurent Tapie, the son of Bernard Tapie claimed that he believes in the Full Tilt project, and that his company has the sufficient funds to repay all of Fult Tilt Poker's customers, however, there is still much work needed.

Laurent and Bernard Tapie
Laurent and Bernard Tapie

The most work, of course, will have to be done cooperating with the United States Department of Justice. The agreement emphasizes that the potential deal depends on a "favourable resolution with the United States Department of Justice". That is, whether Full Tilt Poker will have to pay a fine to the DoJ to settle, and if so, how much. According to recent reports, the DoJ also seized $331 million between 28th June 2007 and 20th June 2011, which doesn't help the Tapie group either.

One proposed solution is that the DoJ would return as much of the seized $331 million as possible to facilitate the repayment of user funds, while they would still pursue civil and criminal cases against FTP's former management. Then, Groupe Bernard Tapie would step in, finance any remaining debts, and the site could soon be reopened with a new operating license either from the Alderney Gambling Control Commission, or other licensing companies like KGC (Kahnawake Gaming Commission).

full tilt poker

Tapie also added that the site would keep the Full Tilt Poker brand, as it is well-known, and the technology behind it is state of the art. He expressed his confidence in the project, hoping that the site might be reopened by January 2012, if all goes well. The negotiations between Groupe Bernard Tapie and Full Tilt Poker are scheduled this week.

We definitely hope that the Full Tilt saga is coming to its end, and this time around, it will be a happy ending for all. Except for Mr. Lederer, and Mr. Bitar, of course, as Daniel Negreanu told very well.


Related articles

0 comments

Our partners
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
888poker
  • Many casual players
  • Great promotion for cash game players
  • Exciting game variants: SNAP and BLAST
Go to the room
Natural8
  • Excellent traffic
  • Soft fields
  • Highest tournament guarantees
  • Innovative games
  • Generous bonuses
Go to the room
Betkings
  • Rakeback: Up to 60%
  • Generous Welcome Bonus
  • Quick payments
Go to the room
SportsBetting
  • Crypto Deposit & Withdrawals
  • US players
  • Wide selection of games
  • Beginner friendly
Go to the room
BetOnline
  • Beginner friendly
  • Wide selection of games
  • US players
  • Wide range of payment options
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
partypoker
  • Great tournament selection
  • Attractive VIP promotions
  • User-friendly software
  • Reliable provider
Go to the room
bwin Poker
  • Great tournament selection
  • Attractive VIP promotions
  • User-friendly software
  • Reliable provider
Go to the room
Bet365 Poker
  • Premium tables
  • Many sports betting players
  • HUD available
Go to the room
Betsson Poker
  • HUD is available
  • Good fields
  • Part of the third largest poker network
Go to the room
Ipoker Italy
  • Privat deal: Only for Rakerace.com players
  • Untouched Fish Ponds on the Segregated Markets
Go to the room
Live support