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RUMOURS ABOUND ON PROSPECTIVE FULL TILT POKER BUYER
Friday September 23, 2011 : And the AGCC may be pulling FTP's licence permanently
In the absence of full, public and efficient communications from either Full Tilt Poker or the Alderney Gaming Control Commission, rumour and speculation is increasing regarding the fate of the embattled company and the identity of the investor with whom it is apparently in serious talks.
The strongest, and as yet unconfirmed, speculation over numerous internet forums, media and information sites, is that the front-runner to purchase FTP, with letters of intent already signed - is Frenchman Laurent Tapie, son of Bernard Tapie.
Mediapart.fr reported that Bernard Tapie is a colourful businessman who has specialised in the recovery of bankrupted companies, having turned around a number of troubled enterprises that included sports apparel firm Adidas, and been involved with a top French football team.
There have also been unsubstantiated reports that the AGCC will shortly announce the permanent revocation of FTP’s licence following its extensive private hearing this week. This is despite earlier speculation that the jurisdiction would give the troubled online poker operator a 30 day extension in which to finalise negotiations with interested parties.
In Ireland, where FTP parent Pocket Kings is headquartered, Reuters reported that morale among the remaining employees in Dublin is low, with staffers complaining that there was no communication from management and that they spent much of their time trying to keep up to date on the issue - and their futures - via internet forums and media.
The report revealed that "employees are set to lose their jobs and many of them surf the web for clues about what will happen next."
Over in the United Kingdom, The Hendon Mob, which cut its ties with Full Tilt earlier this week advised that it had teamed up with another sponsor in the form of Genting Poker.
"In a deal struck over a meal at Soho’s Little Italy The Hendon Mob shook hands with the godfathers of Genting, securing the future of the Hendon Mob website and guaranteeing the boys all the pasta they can eat," the Mob's website advised.
Across the pond in the United States, Congressman Barney Frank, taking some Republican political hindsight flak for accepting campaign contributions from Full Tilt, told The Boston Herald that he is more than willing to put his "donations from Lederer, Furst and Ferguson into a special account and donate it to a fund for victims if the Justice Department sets one up....and if the defendants are found guilty."
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Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
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It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
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ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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