According to reliable sources the US DOJ and Groupe Bernard Tapie who is the group trying to buy Full Tilt Poker have come to an agreement. The agreement calls for all USA players getting there balances back from ceased funds. GBT will then be liable for all non-USA player balances. Plus GBT will have to pay a fine to the US DOJ which will then drop all charges against the Full Tilt Poker company.
The existing CEO and chairmen of Tiltware sent the following email to existing shareholders. It currently seems that the only thing standing in the way of GBT taking full control of FTP is the FTP shareholders. They need a ? approval in order to fully sell the company.
Dear members,
I am pleased to announce that today the Department of Justice and Groupe Bernard Tapie have reached an agreement in principle regarding the acquisition of the companies comprising FullTiltPoker. My understanding is the deal provides that in exchange for an agreed upon payment by GBT, and a GBT commitment to assume responsibility for payment of ROW players, DoJ will reimburse US players and settle the outstanding civil litigation with the companies comprising FTP. Beyond these conditions, issues like the time frame and process for repayment of players remain unclear at this point and time.
With DoJ’s consent now in hand, GBT may now proceed to finalize an agreement to acquire the companies or assets that comprise FTP. That agreement will very likely address the status of your shares or interests in the successor company. When I receive that agreement, I will coordinate with our attorneys to ensure the terms of that proposed agreement will be shared with the membership and voted on.
-Ray
