This Week in Gambling - News
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This Week in Gambling - News
This Week in Gambling - News
News for Online Gambling, Land Based Casinos, and Social Gaming
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French investor push to buy Full Tilt Poker fails

French investor push to buy Full Tilt Poker fails | This Week in Gambling - News | Scoop.it

A French investment group's push to buy troubled online poker operator Full Tilt Poker for $80 million fell through after the potential buyer couldn't agree with the Department of Justice over how quickly players with money tied up on the site would be repaid, a lawyer for the group said Tuesday.


Benham Dayanim, a Washington-based attorney for Groupe Bernard Tapie, told The Associated Press on Tuesday that prosecutors changed their offer earlier this month and wanted players repaid in full within 90 days of the sale.


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Laurent Tapie’s Name on ‘New Full Tilt Ltd.’ Registration | Online Poker News

Laurent Tapie’s Name on ‘New Full Tilt Ltd.’ Registration | Online Poker News | This Week in Gambling - News | Scoop.it


GBT principal Laurent Tapie's name listed on filings in Malta and Ireland for newly registered companies using Full Tilt in title.




Despite Full Tilt Poker’s self-injected dose of financial formaldehyde a year ago, rumors continue to circulate that FTP’s toes are twitching. Earlier this month, we heard that FTP’s Dublin-based tech arm Pocket Kings was hiring new staff, suggesting real progress had been made in the three-way asset acquisition negotiations between FTP, the US Department of Justice, and French white-knight investors Groupe Bernard Tapie (GBT). More recently, a few diehard FTP customers who’ve made a self-flagellating ritual of logging into the site every day reported being presented with a notice asking them to upgrade their software to a numbered release suggesting a more recent vintage. Not all users reported similar experiences, but hope remains that FTP is embarking on some pre-relaunch beta testing.


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