It’s been a strange year for poker especially online poker with the industry turned upside down on Black Friday. Online poker traffic has decrease by 31% as a result of an unstable US market.

Not all online poker rooms suffered a loss in traffic, CarbonPoker and Merge Gaming Network experienced an increase of traffic up to 76%.

Notable Poker players for 2011 include: Erik Seidel new leader on the poker all time money list, Phil Hellmuth, Ben Lamb (Player of the Year) and Pius Heinz (2011 World Series Of Poker Main Event Champion)

Read more for the top poker articles and major event winners of Poker 2011.

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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.

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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.

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The results of the Full Tilt Poker AGCC Hearing are still to be announced, but should be released soon. According to sources Full Tilt Poker have secured an investor deal with an “intent to purchase” from a French company which may replace all current ownership and repay all players who are owed money, the recent deal was brought to light at the AGCC hearing which took place in private last Monday and Tuesday.

FullTiltPoker’s lawyer has urged the AGCC to hold back on their decisions for at least 30 days while the new French owners to replace the current owners. Both the DoJ and AGCC are aware of the new investors deal and are currently vetting the funds from the investor.

However if the AGCC come to a decision within the next few hours and revoke Fulltilt Poker’s gaming license, the company could possibly fold if they lose their investors, in this circumstance none of the online poker players will ever be paid out.

With so much at stake in the next few hours, we certain hope the AGCC ruling is in the best interest of the players as I’m sure they are all waiting for the final outcome of the meeting.

Update: AGCC revokes Full Tilt Poker license

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Full Tilt Poker released their official Black Friday statement providing more insight on why USA Poker players have not yet been paid. The latest statement explains that prior to Black Friday the government had seized player funds from American banks amounting to $115 million over the last two years. An online payment processor company have also stolen about $42 million causing even more financial difficulties for the company.

Since Black Friday Full Tilt Poker looks for new Investors to help fiance the company so they may payback their players and restore the company and it’s reputation to it’s former glory. With Full Tilt Poker closed the online poker room have lost their source of income when the AGCC suspended FullTiltPoker gaming license about two months ago forcing a worldwide shutdown.

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