Full Tilt Poker acquired by french investment group

[mrmarket]

"Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement

Dublin, Ireland (September 30, 2011) Laurent Tapie, Managing Director of ‘Groupe Bernard Tapie’ announced today that the group has signed an exclusive agreement with the Board of Directors of Full Tilt Poker to acquire the company and all of its associated assets.

This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions; the first of which is a favorable resolution with the United States Department of Justice. Discussions with the United States Department of Justice will begin immediately.

‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas."

http://www.pokerstrategy.com/news/world-of-poker/Full-Tilt-Poker-and-Groupe-Bernard-Tapie-Sign-Acquisition-Agreement_52195/

[milwaukee mike]

anyone want to give odds that u.s. players eventually get paid?

[mrmarket]

anyone want to give odds that u.s. players eventually get paid?

I think odds are pretty good people get paid back now. I would probably guess FTP money is worth $0.80 on the dollar if not more. I'm usually too conservative in estimates about these things. In any event it's better than it was a few hours ago.

[davidchong]

anyone want to give odds that u.s. players eventually get paid?

Yes -10000
No + 999999999999999999

[no1here]

payments will be made with Uncle Sam keeping their share

[davidchong]

payments will be made with Uncle Sam keeping their share

yes! that is

[Scooter]

What a horrible investment.

The brand name imo is now worthless. Amazing to me that this "investment group" thinks there's value in a brand which stiffed customers for millions.

[d2bets]

What a horrible investment.

The brand name imo is now worthless. Amazing to me that this "investment group" thinks there's value in a brand which stiffed customers for millions.

I'm guessing their software and other infrastructure is where the value here is. Amazing that you would think you know more about the investment then the company that has a track record of success and surely hundreds of hours of due diligence.

[iFrat]

Thought this was only pending that FullTilt was able to keep their gaming license, which has now been revoked?

[excel]

What a horrible investment.

The brand name imo is now worthless. Amazing to me that this "investment group" thinks there's value in a brand which stiffed customers for millions.

If they pay then they didn't stiff, they just slow paid. Bodog even slow paid at one time.

[Dutch]

What a horrible investment.

The brand name imo is now worthless. Amazing to me that this "investment group" thinks there's value in a brand which stiffed customers for millions.

IF they fully pay everyone that is owed, the brand name would be worth a ton.

[iifold]

What a horrible investment.

The brand name imo is now worthless. Amazing to me that this "investment group" thinks there's value in a brand which stiffed customers for millions.

Where would you rather play poker?

"Full Tilt Poker"

or

"French Investment Group Poker"

[ttwarrior1]

and in a couple years they will all be billionaires from the money made from tilt. I hope everyone rejects them and they don't allow usa players back, but just pay them what is owed now

Its gonna be funny seeing people saying they would never go back, going back to play on tilt

[NYSportsGuy210]

Full Tilt was filled with all donks anyways....I loved playing retards who were on their website in real life...so easy to trap and call out their bluffs.

[k13]

anyone want to give odds that u.s. players eventually get paid?

pennies on the dollar maybe.

[sportsfanatic]

deleted

[andywend]

Full Tilt was filled with all donks anyways....I loved playing retards who were on their website in real life...so easy to trap and call out their bluffs.

Translation - I got sucked out on all the time against players I perceive to be donkeys.

You're a die-hard liberal democrat so how skilled could you possibly be at anything?<!-- / message --><!-- sig --><!-- / sig -->

[tachi]

Full Tilt was filled with all donks anyways....I loved playing retards who were on their website in real life...so easy to trap and call out their bluffs.

that is true.
andywend,what is your problem?

[mission]

i want all my money back... i miss 10-tabling single table SNGs for hours.

table ninja... damn, poker was cool

[RickySteve]

Yes -10000
No + 999999999999999999

I hope you're better at playing cards than bookmaking.

[CollegeOverUnder]

No quite yet guys this isnt set in stone. This firm hasnt confirmed anything

[mtneer1212]

They probably bought it at 40 cents on the dollar, will keep the infrastructure, and rebrand it. Not a bad move -- the best part is that guys like Lederer and Ferguson will probably lose everything.

[trixtrix]

i hope my contribution to dsk's defense fund has been utilized as part of this buyout

[Scooter]

I'm guessing their software and other infrastructure is where the value here is. Amazing that you would think you know more about the investment then the company that has a track record of success and surely hundreds of hours of due diligence.

They lost their license.

The brand name had a mystique to differentiate itself from lots of other poker sites, due to the TV poker "superstars".

Now those same players are regarded as stiffs, scumbags, thieves.

That is the aura associated with "Full Tilt".

d2bets - "I'm guessing..."

Exactly.

The brand is garbage.

[mighty maron]

They probably bought it at 40 cents on the dollar, will keep the infrastructure, and rebrand it. Not a bad move -- the best part is that guys like Lederer and Ferguson will probably lose everything.

so much is probably hidden away by them....I dont think they will be poor...just crying it

[Maniac]

The brand itself may be tainted, but dont forget how popular this site was and how many people signed up to it - the client database alone would be worth a fortune to the right people - great chance for anyone with a bit of marketing savvy and the right company/website etc to gain a load more clients.

[lukahh]

The brand itself may be tainted, but dont forget how popular this site was and how many people signed up to it - the client database alone would be worth a fortune to the right people - great chance for anyone with a bit of marketing savvy and the right company/website etc to gain a load more clients.

that client database is already for sale, or more probably, already went into hands of 3rd person.

having said that, FTP had some good products and would be welcomed back by poker community.