Tapie/Full Tilt agreement “within 15 days”

Tapie/Full Tilt agreement “within 15 days”

Thursday, 3 November 2011

Laurent Tapie has confirmed in an interview with iGaming France that “a tentative agreement” between the US Department of Justice and Groupe Bernard Tapie has been reached. Furthermore, a “final agreement” should be signed within the next 15 days.

The agreement would account for repayment terms of US players by the Department of Justice and repayment of worldwide players by Groupe Bernard Tapie. US players are owed roughly $150m, a little over half of the total debt. Current shareholders still must agree to the terms of the deal.

Tapie has said that January 2012 is his target date for the relaunch of Full Tilt Poker but as of yet no timescale for repayment has been announced.

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Tags: Groupe Bernard Tapie, Full Tilt Poker, Black Friday, Department of Justice