Full Tilt and DoJ Agree to Forfeiture; Tapie Hopes for March 2012 Relaunch

Sacreblue! Savior faire is everywhere!

Full Tilt Poker has agreed to final terms with the U.S. Department of Justice (DoJ) to forfeit the company’s assets.

This completes the latest complicated move which would allow Groupe Bernard Tapie (GBT) to take over the company–after it pays the DoJ $80 million ($40 of which it essentially gets back) for those aforementioned assets.

GBT still must get Full Tilt’s gaming licensed reinstated from the Alderney Gaming Control Commission (AGCC) before the site could operate again.

In an interview with Gaming Intelligence, Laurent Tapie said that he hopes to have a re-branded Full Tilt Poker launched by March 1.

We’ll post analysis of these latest developments on Wicked Chops Insider on Wednesday.
Read more about the story on Poker News here.

 

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