Poker news tagged with 'fulltilt'

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apr
24

PokerStars buys Full Tilt Poker?

Tags: doj, fulltilt, group bernard tapie, pokerstars
Posted on 24 April 2012 by "T".

According to numerous sources, PokerStars has reached a settlement with the US Department of Justice (DOJ) to buy Full Tilt Poker and settle its outstanding legal matters. No official statements have been made by either sites so far, but according to Alex Dreyfus, CEO of Chili Gaming, PokerStars has paid $750 million to acquire Full Tilt and settle its outstanding legal issues with the DOJ - $330 million will go to repay Full Tilt account holders.

These news, if they are true, come as a big surprise since the French investment group Group Bernard Tapie were known to be the buyers of Full Tilt Poker until now. And there has been lots of news in the past few weeks indiciating that the deal was as good as done. Now, however, it seems like new owners might be PokerStars, the world's largest poker site.


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