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RUMOURS ON POKERSTARS ACQUISITION OF FULL TILT PERSIST
Friday June 22, 2012 : RUMOURS ON POKERSTARS ACQUISITION OF FULL TILT PERSIST
Despite continued silence from the online poker giant, moves are reportedly afoot
Earlier this year the hopes of former Full Tilt Poker players disadvantaged by that company's closure on Black Friday were raised when reports surfaced that Pokerstars was in talks with the company and the US Department of Justice regarding a possible acquisition.
The French Groupe Bernard Tapie had abandoned its takeover bid for the moribund Full Tilt, citing unreasonable last-minute demands by the American enforcement authorities, and the way for a Pokerstars acquisition and a resolution of player financial problems appeared to be open.
Then all went quiet, and the rumour mill started churning out any number of speculative and allegedly "insider" disclosures, none of which seemed to come to fruition.
This week the rumours started circulating again, based mainly on unconfirmed reports that Pokerstars had sent staffers to the depleted Dublin headquarters of Full Tilt for training purposes in preparation for the announcement of a successful deal.
Other - again unconfirmed - reports are that Full Tilt's parent, Pocket Kings has started settling financial obligations with some creditor companies that have been left out in the cold for more than a year.
Whether these reports have a solid foundation or not is impossible to say in the absence of any official public statements from recognised and creditable Pokerstars spokesmen.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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