Full Tilt Poker Deal By 16th March, 2012?
March 15, 2012 1:07 pmAccording to reports coming from two gaming news sources, the sale of Full Tilt Poker to French investment company Groupe Bernard Tapie (GBT) is imminent and could be finalized as early as this week.
Whereas eGaming Review is predicting the deal will be completed in the next week or two, Gaming Intelligence is even more optimistic in its assessment, and wrote:
“The Bernard Tapie Groupe looks well placed to complete its agreement to buy Full Tilt Poker this week. Tapie and the owners of Full Tilt agreed to extend their deadline for completion until this Friday (March 16th) to allow for further due diligence and sources on both sides are confident that the deadline will be met.”
Recently, various factors were cited as being responsible for the hold up in the $80 million deal, including an estimated $20 million in unpaid debts by a number of Full Tilt Pros. A March 16th deadline was then set by GBT attorney Behnam Dayanim in order to settle the money dispute, hence it is now speculated that an agreement may now have been struck with these players in order to satisfy potential new owners Bernard Tapie Groupe.
Other signs pointing towards renewed optimism include GBT puttting in place key personnel in anticipation of Full Tilt re-opening, while being in licence talks with the Alderney Gambling Control Commission, and applying for a Spainish operating licence. It is also rumoured that an external investor is already on board which will provide sufficient funds to repay the $300 million still owed to the poker site’s players.
In the event of the deal going through, a further four weeks are deemed necessary in order to resurrect the site. Full Tilt Poker was shut down Stateside on April 15th, 2011, as part of the US crusade against online poker and so an imminent agreement could now see the poker room open for business a year after it was first closed.