Negotiations with regard to the take-over deal continue between Full Tilt Poker and GBT (Group Bernard Tapie). The greatest obstacle that is coming in the way of the deal being finalized is the amount of funds seized from the poker room by the US Department of Justice. There is a possibility of fines to be imposed on the embattled poker site in future as well, due to its past misdeeds.
GBT Lawyer Speaks on the Deal’s Progress
Behnam Dayanim, the lawyer of Group Bernard Tapie stated that the agreement pertaining to the deal has already been signed. It allows the group to carry out its operations in accordance with what has been planned. The progress with Full Tilt had been promising. However, the finalization of any agreement is subject to the extent to which things can be settled with the US Department of Justice (DoJ). Dayanim is quite hopeful in this regard.
Full Tilt’s Patrons Eagerly Await their Payments
Players who have been associated with Full Tilt Poker are still waiting to receive their money. They are eager to find out when payments are going to be distributed. The officials of the Tapie group have allegedly called the players of Full Title to discuss repayment options. Various options have been discussed. Of them, one is that of an immediate repayment with attached penalty. Players can also choose to receive their payments over the course of a year. The third option offered to players is that of Tapie Group offering shares to the players.
GBT Hopes to Deliver Good News Soon
The entire online poker industry is eager to hear about the deal’s finalization. GBT says that the process is on, and they are optimistic about delivering news about the success of the deal’s finalization soon. The Tapie Group hopes to go ahead with its proposed plan without delay. The fundamental aspect of the plan is to repay Full Tilt players across the world.
Congressional Hearing Mentions Full Tilt’s Charges
The congressional hearing held recently mentioned the charges filed against Full Tilt Poker, quite a few times. These include money laundering and fraud charges and also that of the US Attorney referring to the poker room as a massive Ponzi scheme.
When asked about the allegations made against Full Tilt Poker, Poker Players Alliance’s chairperson, Alfonse D’Amato, stated that a tough licensing bill should be formulated to deal with Full Tilt Poker and others of its kind who have taken advantage of the system.
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