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GROUPE BERNARD TAPIE CONFIRMS FULL TILT DEAL WITH DOJ
Thursday, November 3, 2011 : Positive news at last for Full Tilt players
Following wide-spread reportage this week on an e-mail from Full Tilt’s Ray Bitar addressed to Tiltware shareholders , Groupe Bernard Tapie (GBT) has confirmed that it has reached an agreement in principle with the US Department of Justice (DOJ) that will lead to the reimbursement of Full Tilt Poker players and clear the way for the group to finalise the acquisition of Full Tilt.
In an interview with iGaming France today (Wednesday), Laurent Tapie revealed that a final agreement between the company and the US Department of Justice will be drafted by this week's end and should be signed in the next 15 days.
Under the proposed terms of the deal, Groupe Bernard Tapie has undertaken to reimburse all non-U.S. Full Tilt customers while U.S. customers will be reimbursed by the DOJ.
Tapie declined to offer further details on the mechanism the group has developed in arranging reimbursements or the amounts involved in paying back players but ended the interview by confirming: "The payment terms are defined. We will draft an agreement by the end of the week and should sign it within the next 15 days, and we will issue a statement shortly after that will provide more information."
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