Some good news for Full Tilt Poker players, the Groupe Bernard Tapie have reached an agreement with the Department of Justice and signed a deal which includes:
GBT repaying customers outside of the USA.
DOJ to repay US players from seized funds.
GBT acquiring Full Tilt Poker for $80 million.
Full Tilt Poker still need to agree and sign the deal to start the process of the sale of the company, while there may still be further negotiations, representatives from both parties seem optimistic about the recent developments. Hopefully we’ll see Full Tilt Poker open it’s doors to players and restore their negative reputation and regain players trust.
PokerStars are attempting to break their own Guinness World Record by hosting the largest online poker tournament on the 4th December 2011 as part of the PokerStars 10th Anniversary promotions.
The current PokerStars Guinness World Record which still stands was achieved in 2009 when 149,196 players registered in one tournament breaking all previous records set by Full Tilt Poker and PokerStars.
Players can be part of poker history in the latest attempt which hopes to attract more than 150,000 players to register for a low buy-in tournament of only $1 players can play for a $250,000 guaranteed prize pool.
With no US players playing on PokerStars since Black Friday the record breaking attempt will face it’s biggest challenge with only countries outside of the USA allowed to participate.
Great news for fans of Full Tilt Poker, the former #2 venue in online poker and even better news for those who have had their bankrolls frozen at the site since Full Tilt’s worldwide closure after the AGCC revoked their gaming license.
Full Tilt Poker looks set to make a comeback deal with Groupe Bernard Tapie taking over command of the once so popular poker room, the deal which has the approval of the DOJ will include paying all outstanding players worldwide that have money suspended in their Full Tilt player accounts.
Although exact details of the deal have not been fully disclosed to date, Managing Director of Groupe Bernard Tapie, Laurent Tapie has confirmed that “payment terms are defined” and that he expects an agreement to be drafted and signed within the next two weeks.
In the ultimate poker showdown with Cake Poker vs Carbon Poker we compare the two online poker rooms to help you decide where to play poker online in the aftermath of Black Friday. The two USA poker sites are still accepting worldwide players including US players.
Both poker rooms are the flagships sites on their poker networks, CakePoker on the Cake Poker Network and CarbonPoker on the Merge Gaming Network.
While neither of the two sites can be compared to PokerStars or Full Tilt Poker, but they are still great alternative poker rooms where the recreational poker players can still play poker online for real money.
The AGCC (Alderney Gambling Control Commission) have revoked Full Tilt Pokers gaming license despite the recent French investor testifying their “intent to purchase” the company Full Tilt Poker. The AGCC decision to revoke three of the four Full Tilt Poker licenses would make it harder to close the deal with the investor.
The AGCC released a statement which claims that Full Tilt Poker were in “serious breaches of AGCC regulations include false reporting, unauthorised provision of credit, and failure to report material events.” The AGCC also stated that “It is important to note that the revocation of FTP’s licenses does not, as has been suggested, prevent a reactivation of the business under new ownership and management.”
The United States Attorney’s Office for the Southern District of New York have also released a statement on the AGCC’s decision which includes what actions the Department of Justice plan on taking from here which could possibly include Full Tilt Poker players funds being returned by recovering funds from the alleged fraudulent activities. They also stated that the case “will last for many months at the least.”