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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.
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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