New Interests In Full Tilt Acquisition?

Poker operators and private equity firm rumored to attempt deal should GBT takeover fail.
3021 8th March, 2012 The Full Tilt Saga
New Interests In Full Tilt Acquisition?

Rumours surfacing of a second company showing interest in just acquiring the software of Full Tilt Poker have come to light. Such a deal would take place only if the takeover by Groupe Bernard Tapie (GBT) should fall through, according to The iGaming Post.

If the deal is accepted, it would mean that Full Tilt Poker would cease to exist, leaving only the software for the company who acquired it. The deal is priced at around $30-$35 million, less than the rumoured $80 million fee associated with the GBT deal, with no inclusion of the full repayment of former Full-Tilt players.

Full Tilt’s software was widely regarded as superior to all competitors by the online community. The site was said to be making profits of $1 million per day and included the innovative Rush Poker.

Bwin.Party and 888 are the operators rumoured to be in the running for the acquisition of the software. Both firms are likely to capitalise on the reopening of the U.S market and possessing dominant software would increase market share. There is also speculation of a as-of-yet unnamed UK private equity firm keeping a close eye on the takeover deal.

Both operators have recently signed deals with land-based casinos in the U.S, to offer online poker after the passing of legislation. Bwin.Party has signed with MGM, while 888 partnered with Caesars Entertainment.

 

 

 

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Perry Garland

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