Will the players all get their money back after all?
Full Tilt Poker has recently announced in a press release sent to pokerstrategy.com that it has signed an acquisition agreement with the Bernard Tapie Group. The French group has thus acquired Full Tilt Poker and all its assets. This is the best possible news for players, as the agreement contains the full repayment of all Full Tilt Poker accounts world-wide. The Department of Justice still has to find everything in order, this being one of the more conditions of the agreement. The resolution, however, has never really been closer.
Read the press release below:
"Dublin, Ireland (September 30, 2011) Laurent Tapie, Managing Director of ‘Groupe Bernard Tapie’ announced today that the group has signed an exclusive agreement with the Board of Directors of FullTilt Poker to acquire the company and all of its associated assets.
This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions; the first of which is a favorable resolution with the United States Department of Justice. Discussions with the United States Department of Justice will begin immediately.
‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas."
If all goes well, the FTP misery might just be over.
