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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
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
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
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.
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