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News Bite - Full Tilt Poker - March 1st?

An article at PokerNews states that an agreement between Full Tilt Poker and the U.S Department Of Justice was finalised and agreed upon on the 24th January. This brings the forfeiture of the poker site one step closer to completion.

The agreement allows for Laurent Tapie and his company Groupe Bernard Tapie to pay an approximated $80 million for the acquisition of the poker site.

The news of Groupe Bernard Tapie’s attempts to buy Full Tilt has been known for quite some time but very little information had come out recently on its progress. PokerUpdate found out from other news sources that Chris Ferguson was a possibility on why the deal had become delayed with his attempts to acquire $14 million from the poker site. This time, the information given seems to be bearing good news for former Full Tilt players.

Group Bernard Tapie is currently in talks with the Alderney Gambling Control Commission about the reactivation of Full Tilt’s licence. If the licence is returned, the poker site can be relaunched as early as March 1st.

An important part of this deal is the repayment of non-US players by GBT which is expected to cost approximately $150 million. The DOJ will apparently be the ones responsible for the repayment of all U.S customers. This is also rumoured to be around $150 million.

It is very welcoming news for the poker community, but it does lead to one significant question.

It’s reassuring to know that the money will be paid back to the players, but what does GBT have in store for the revamped Full Tilt Poker, in order for the players to return to the site?

The story continues.

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Perry Garland