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Its True POKERSTARS Takes Over FULLTILT Poker
04/24/2012 : POKERSTARS TO ACQUIRE FULL TILT POKER
Shock news confirmed by withdrawal statement from Groupe Bernard Tapie
Just when it appeared that the French firm Groupe Bernard Tapie was about to re-launch the moribund Full Tilt Poker after almost a year of negotiating and manouevreing , everything changed Tuesday with the news that the world's biggest online poker operator, Isle of Man-based Pokerstars, is to acquire FTP.
Tuesday morning saw rumours start to spread that Pokerstars had reached an agreement with the US Department of Justice, paving the way for the acquisition to go ahead for a reported total cost of $750 million…and for US players to at last get paid.
The DoJ deal is understood to be conditional on the payment of players, although neither party had made any official comment late Tuesday afternoon.
As the day wore on the speculation intensified on information sites , generally corroborating that Pokerstars is in the take-over seat.
Some numbers came from a Twitter posting by Chiligaming chief exec Alex Dreyfus, who claimed that $330 million of the reported $750 million purchase price would go to the payment of owed Full Tilt players and as a settlement with the US government.
Later in the day iGaming France reported that a Groupe Bernard Tapie statement had confirmed that the GBT deal had fallen through, citing "unresolvable legal complications" and failure to agree on a player repayment plan.
Message board speculation is that Pokerstars will re-launch Full Tilt Poker, but keep the brand separate from its own.
It is not known how the agreement will impact the criminal charges faced by Pokerstars' owner, billionaire Isai Scheinberg and his Isle of Man associate Paul Tate, who have been reportedly indicted in the US on allegations of UIGEA violations, operating an illegal gambling business, and conspiracy to commit bank fraud, wire fraud and money laundering.
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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