This story was published more than 9 years ago.
After an onslaught of bad news, beleaguered poker site Full Tilt Poker has announced some good news; French based Groupe Bernard Tapie has agreed to purchase the former poker giant.
A press release that was obtained by PokerStrategy.com on Friday read:
"Laurent Tapie, Managing Director of ‘Groupe Bernard Tapie’ announced today that the group has signed an exclusive agreement with the Board of Directors of Full Tilt Poker to acquire the company and all of its associated assets.
“This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions; the first of which is a favorable resolution with the United States Department of Justice. Discussions with the United States Department of Justice will begin immediately.
“‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas."
The full statement is available at: http://www.pokerstrategy.com/news/world-of-poker/Full-Tilt-Poker-and-Gro...
The news comes a day after the Alderney Gambling Control Commission revoked Full Tilt's gaming license in that jurisdiction. While thought to be a deal breaker, the Groupe Bernard Tapie and Full Tilt apparently worked past that. Previously the AGCC commented, saying that under the right circumstances, a potential new owner of Full Tilt Poker could indeed reactivate the gaming license.
We will make sure to keep up on the story as it further develops.