The final weeks of September were very eventful in the online poker world, and the final week was quite a week for Full Tilt Poker, as the site went on an absolute rollercoaster ride at the end of the month. The ride started with news of a possible sale, followed by the Department of Justice amending their case and dropping the bombshell allegations against the site and its owners, followed by the AGCC revoking the site’s license, and finally news that the possible deal –considered a long-shot after the AGCC decision—was not only still in the works, but close to completion!
Just before the weekend, the potential investors, the Groupe Bernard Tapie, announced they were in fact the unnamed investors interested in Full Tilt Poker –long rumored to be the case. Furthermore, Laurent Tapie (who is heading the group) stated that any deal would see players repaid in full, and that the major hurdle left to clear is a deal with the DOJ.
Speaking to iGamingFrance.com, Tapie’s hopes are that the DOJ will release most, if not all, of the seized funds (estimated to be over $300 million) which would aid the investment group in repaying close to $400 million to Full Tilt Poker players.
Tapie also told the online publication that he felt the Full Tilt Poker brand was definitely salvageable, and that the group had no plans to rebrand the ailing company.
Expect more developments on this front this week, now that all the principles involved have been named, and the ball is now in the DOJ’s court, in terms of whether or not a deal can get done at this point.
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