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Buyer For Fulltilt Poker

9/30/2011 : The rumours were right – mystery purchaser is Group Bernard Tapie
 
The rumours rampant over a week ago were right – the French business turnaround specialist Groupe Bernard Tapie is the mystery buyer with whom Full Tilt Poker management has been negotiating.
 
In a press release to the Pokerstrategy.com information site Friday the company advised:
 
"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."
 
Although the initial reaction of players on the message boards was one of relief, it was tinged with caution, as the obstacles remaining before the Tapie conditions are met are considerable, not the least being the cooperation of the US Department of Justice.
 
The statement comes on the heels of the Alderney Gaming Contol Commission’s revocation of Full Tilt Poker’s licence yesterday. Retaining the licence was at one time punted as a prerequisite for the agreement to purchase.
 
Apparently this is less of a concern than was thought, although Alderney has been at pains to point out that there is nothing to stop a new owner and management reactivating the licence under the right conditions.
 
The FTP statement can be read at:
 
http://www.pokerstrategy.com/news/world-of-poker/Full-Tilt-Poker-and-Groupe-Bernard-Tapie-Sign-Acquisition-Agreement_52195/



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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