Got money stuck on Full Tilt? You might not for long as PokerStars has reportedly stepped in and acquired the company.
Tapie tapped out. PokerStars jumped in.
In a rapidly developing story, it appears as if PokerStars has acquired Full Tilt Poker.
According to reports and sources, PokerStars will cover both U.S. player balances and globals player balances, as well as pay a Department of Justice fine.
As part of the deal, the DoJ will not block or oppose PokerStars from coming back to the U.S. upon regulation.
As we reported on Insider, GBT had no desire (or financial capital) to cover U.S. player balances. This move appears to be a DoJ-led effort to ensure U.S. players are paid back, get as big of a fine paid as possible, and in return, potentially let Isai Scheinberg/PokerStars walk from charges (our speculation).
UPDATE: GBT confirms they are out. Read at PokerStrategy here.
PokerStars issues a non-committal statement here.
Developing…big Insider analysis coming Thursday.
Related posts:
- Groupe Bernard Tapie and Full Tilt Poker Update: The Spanish Inquisition
- Groupe Bernard Tapie Officially Acquires Full Tilt Poker
- Full Tilt Agrees to Transfer Assets to Groupe Bernard Tapie
- Groupe Bernard Tapie Reportedly Signs Full Tilt Poker Acquisition Agreement
- Groupe Bernard Tapie Claims Pros Won’t Repay Tilt Debts
Recently Shared
{ 3 comments… read them below or add one }
You guys are a little late for April Fools’ Day.
Well look at the bright side – you guys can start making French jokes again!
The DOJ is going to let Stars buy its way out of indictments on bank fraud and money laundering. I’ll believe this when I see it.