Full Tilt / Groupe Bernard Tapie deal moves forward

Full Tilt / Groupe Bernard Tapie deal moves forward

Friday, 16 December 2011

Players with funds stuck on Full Tilt Poker could be in line for some Christmas cheer as reports suggest that the deal between the beleaguered site and Groupe Bernard Tapie is one step closer to completion.

According to Subject:Poker a deal has been agreed to further the transfer Full Tilt Poker's assets to the French consortium.

The latest move comes a month after the Department of Justice agreed a deal to allow Groupe Bernard Tapie to take over Full Tilt's assets for $80m. GBT would take responsibility for paying the estimated $150m outstanding to non-US players with the DoJ repaying US players.

Subject: Poker quotes multiple sources who have said that a majority of Full Tilt's shareholders have now approved the deal. The next step on the road to the takeover is the actual forfeiture of FTP to the DoJ. The DoJ will then dismiss civil charges against FTP.

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Tags: Full Tilt Poker, Black Friday, Groupe Bernard Tapie,