Wednesday, November 13, 2013

The Group Tapie buys Full Tilt Poker

Full Tilt Poker has announced that the Group Bernard Tapie has agreed to purchase the Full Tilt Poker Online poker room and its assets located in difficulty.

This news comes just a day after the Full Tilt gaming license has been revoked by the Alderney Gambling Control Commission.

In a statement posted on PokerStrategy, Full Tilt has indicated that an agreement with French company "includes repayment of players to Full Tilt Poker in the world in its entirety."

The press release indicates that the transaction is subject to a "favorable resolution with the Justice Department of the United States". The statement is attributed to Laurent Tapie, the son of the French Tycoon Bernard Tapie and the CEO of the company that bears his father's name.

Bernard Tapie is one of the most important businessmen in France. He is best known for its purchase of Adidas in 1990. According to the press release of Full Tilt, his company "has more than 30 years of experience in the rescue of firms in financial difficulty, with more than 40 companies acquired and managed to profitability."

Bernard Tapie, as Full Tilt, also saw its share of controversy. He spent six months in jail in 1997 after being convicted of bid-rigging a football match between Olympique de Marseille (a team owned from 1986 to 1994) and Valentines. He was prosecuted for tax evasion as well as.

Laurent Tapie spoke with iGaming France, Friday and said that he "would not have undertaken such a project if he did not believe in its potential."

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