Adventures of a Small Stakes Poker Player and Sports Bettor
Friday, September 30, 2011
Full Tilt Sold- Players To Be Paid
PokerStrategy.com is reporting that Full Tilt has been conditionally sold to Groupe Bernard Tapie, which specializes in purchasing distressed companies (i.e. Full Tilt) and returning them to profitability. Adidas is the most well known company that the group has salvaged.
Part of the agreement is to repay current Full Tilt players in full. The biggest obstacle left is resolving issues with the US Department of Justice, which must happen before the deal is completed.