According to news reports from various sources such as the eGaming Review and Gaming Intelligence, the deal between Groupe Bernard Tapie and Full Tilt Poker is supposed to be finalized by the 16th of March or by the end of this week.
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Gaming Intelligence claimed that “Tapie and the owners of Full Tilt…extended their deadline for completion of the deal to this Friday (March 16)…sources on both sides are confident that the deadline will be met.”
In the meantime, the poker industry is waiting with bated breath for the news that the $80 million deal has gone through as this will mean that they finally have a chance at getting their money back.
The $80 million dollar deal between the two companies initially faced plenty of obstacles such as the lack of funds from which to pay back players. Reports claimed that some of the top poker professionals on the Full Tilt Poker team like Erick Lindgren, Mike Matusow, Barry Greenstein, Phil Ivey and Layne Flack had taken large sums of money amounting to several millions each and walked away with it before the site could be fully taken over by the DoJ. It is believed that the monies owed to the Full Tilt Poker players could not be paid back on account of this fact. However, according to recent news reports, claims of a resolution between Groupe Bernard Tapie, Full Tilt Poker and the FTP professionals are going around. Indeed, if this is the case, then the FTP site may just come through into the clear with $80 million in hand ready to pay back its players.
On the other hand, a secondary deal worth $30 to $35 million is also on the cards in case the GBT and FTP deal fails to go through. This deal will in all likelihood, not have much to give back to the players and will probably not do much for the survival of the Full Tilt Poker site.
Groupe Bernard Tapie also appears to be working on acquiring a license for the Full Tilt Poker site from the Alderney Gambling Control Commission. The outcome of this negotiation is probably the real fulcrum on which the entire deal stands. After all, if Full Tilt Poker is not able to procure a license and is then acquired by Groupe Bernard Tapie – it will be the biggest liability on their hands. However, if this should work out, ex FTP players will have plenty to look forward to.

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