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DOJ and Groupe Bernard Tapie have reached an agreement

Tags: DOJ, full tilt poker, groupe bernard tapie, tiltware.
Posted on 02 November 2011 by "T".

It was reported yesterday that the Groupe Bernard Tapie and the US Department of Justice (DOJ) have come to terms that allows GBT's acquisition of Full Tilt Poker to continue. The article states that if FTP's current shareholders agree to acquisition of their company, the deal with DOJ will provide for payment of all players worldwide.

The following e-mail went out yesterday to Tiltware shareholders from Ray Bitar:

"Dear members,
I am pleased to announce that today the Department of Justice and Groupe Bernard Tapie have reached an agreement in principle regarding the acquisition of the companies comprising FullTiltPoker.

My understanding is the deal provides that in exchange for an agreed upon payment by GBT, and a GBT commitment to assume responsibility for payment of ROW players, DoJ will reimburse US players and settle the outstanding civil litigation with the companies comprising FTP. Beyond these conditions, issues like the time frame and process for repayment of players remain unclear at this point and time.

With DoJ's consent now in hand, GBT may now proceed to finalize an agreement to acquire the companies or assets that comprise FTP.  That agreement will very likely address the status of your shares or interests in the successor company. When I receive that agreement, I will coordinate with our attorneys to ensure  the terms of that proposed agreement will be shared with the membership and voted on."


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22 comments on "DOJ and Groupe Bernard Tapie have reached an agreement"

 Fakiry02/11/2011 11:17:30 GMT
One small step for Groupe Bernard Tapie, but a big step for world wide online poker community who used to play at FT and those who, although not playing there, have heard so much about it in the last months that now feel great appetite to go playing there. It can only end well!
 Jymaster02/11/2011 17:50:35 GMT
 urmas198302/11/2011 17:56:34 GMT
does someone know when to they open the site again Question LIke full tilt more then pokerstars.
 SuperNoob02/11/2011 20:24:29 GMT
great news for players
hopefully they'll be up by january and processing cashout of players.
but will be tough gaining their position back in the market
 Bizla02/11/2011 22:50:24 GMT
Fuck Tapie! He bribed officials when in charge of Marseilles and stoped Rangers getting to the Champions League Final in 92/93! Crooked bastard then, crooked bastard now!
 TheMachineQC03/11/2011 21:44:28 GMT
Posted by urmas1983:
does someone know when to they open the site again Question LIke full tilt more then pokerstars.

That is why they bought full tilt poker. A lot of people loved the platform! I probably won't reinstall full tilt but I have to agree the program itself was a good one.
 B1gfoot05/11/2011 11:46:34 GMT
Dear Santa,

One time.

Thanks B1gfoot.
 IslandJack05/11/2011 12:06:33 GMT
Posted by B1gfoot:
Dear Santa,

One time.

Thanks B1gfoot.

And the Tooth Fairy, and Jesus...and GOD even !
I´ll try anything once... Blink

Will I be able to start up my "Modded Tables" again?
Kinda felt like I was inviting everyone to play with ME! Big Smile

January????? Worship
 michaelrhods06/11/2011 07:40:29 GMT
weeeeeeeeeeeeeeeee they will give back our money?
 Jibberish06/11/2011 08:04:44 GMT
americans got lucky! the doj is gonna refund all of them =0
 jsantos7530/11/2011 16:50:37 GMT
nice let' s go play
 B1gfoot30/11/2011 17:12:10 GMT
Posted by Jibberish:
americans got lucky! the doj is gonna refund all of them =0

Well, lets wait and see, first they will have to apply, second they will have to pay tax, third there is a risk of bird(but I doubt that will happen)
 fcumred30/11/2011 17:15:12 GMT
Is it just me that thinks this all stinks.

No one has come out of this with any form of credibility, least of all the DOJ who appear to have been on nothing more than a complete witchhunt, and rather than dealing with the gambling issues they claimed were the rational behind their actions, they in fact were simply on a witchhunt against certain individuals associated with Full Tilt.

Whether or not they were worthy of such a witchhunt is open to speculation, but given the lack of action against other sites and the way that Full Tilt has been the only site to actually go under because of Black Friday, it seems to me that all this stuff by the DOJ was more of a method to get at Full Tilt owners.

To me, this all stinks to high heaven, and I personally wouldnt trust Full Tilt again for the subsequent revelations of whats gone on. I have no sympathy at all for them, but on the other hand its clear that the DOJ marked Full Tilts cards and they set out to get them. It had nothing to do with the players or the laws. They just wanted FUll Tilt out of the way, and by the way its gone, they've succeeded.
 B1gfoot30/11/2011 17:34:32 GMT
Well, yer, they way it has gone has shown its not about justice, should just be Department Of...
Due to the deal made it looks like FTP will be back in action and owners just get a little scare along the way, yep they will stay quite wealthy, in time re-own FTP IMO, and no come uppance.
But there is a lot more than meets the eye, the DOJ are just as corrupt IMO, this was an attack on the US players, not the site owners(operators) and they are happy to keep money that is not theirs, even spend our money saying its all for us!! Well thanks for the favour.
I find it very odd that they claimed to seize(forget actual figures) 300mill+ then after deal is made/in process they remembered it was only around 150 mill.
What about the assets from the owners, surly owed to the players.
How can they slag FTs accounts when they don't get their own right.
Just money rape, and only the players will foot the bill.
 LoGiX30/11/2011 18:40:08 GMT
I'm kind of skeptical about your "conspiration theory" but well, I don't know much about the case. At least if the players get refunded, it will be a very good thing.
 xdomagojx10/12/2011 19:05:51 GMT
From cheaters to chetear. Well at least noone will know about Tapie.
 jsantos7511/02/2012 15:49:06 GMT
lets go play poker
 Mober11/02/2012 16:56:39 GMT
All is see in the so called news is : blah,blah,blah,blah,blah........

The only NEWS for me regarding FT will be this.

"Full Tilt poker is up and running. All players can log in now and cash out their money!!!"
 Greenmohave11/02/2012 23:36:31 GMT
Well I guess time will tell now! I would like to get my small BR from the site, but I'd rather see the site up and running again. I miss playing at the site and if the U.S. wants to tax U.S. players on cashouts then sobeit. I mean isn't that w3hat this is about? U.S. GOV getting what they feel is their share. Crooks! They tax our pay every week then everything we purchase after that. So I can't play poker without them wanting their so called share plus from the site itself.
 teddybears7312/02/2012 00:56:02 GMT
wouldn't mind going back on ftp as i always liked it there.
 Chartoule13/02/2012 13:58:24 GMT
my 8k are more near...
my 8k are more near...

Waiting for news about:

Reopening date.
How´s about our accounts ($$, FTPs, Medals, Bonus pending).
Some GBT responsable talking about new FTP plans.

 lupugol13/02/2012 22:54:57 GMT
Nice Job.... NOT

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