Since Black Friday on April 15th 2011, Full Tilt Poker has ceased to offer real money poker games to the great disappointment of millions of fans worldwide.
At this time the group Bernard Tapie has announced their serious intent to buy the company, but this is contingent to a number of hurdles, and only the future will tell if the brand can survive and if we will ever see again this unique poker software.
Regarding these hurdles, the main one is that they need to have an understanding with the Department of Justice on how the debts, fines and other issues related to the lawsuit will be handled. Of course a new buyer cannot be accountable for the hundreds of millions of dollars in fine the DOJ is trying to levy, and they will need a guarantee that they are financially safe moving forward.
The other major issue is how will players get their money back. If this question is not answered it is not likely that the site will be back as all previous players would be extremely upset with losing their money. On a side note some of the players have already launched lawsuits against the company to gain their bankroll back, and the new buyer will have to be involved somehow with that, even though they are not accountable with this problem.
The thing is, owning Full Tilt in the future could be a very profitable proposition but it is going to take some time before the above issues are cleared and Bernard Tapie can figure out if it makes sense or not for them to get involved. But Tapie is a very serious buyer who has been buying distressed companies for the past few decades, so they know what they are doing.
So let's hope everything goes well and that our favorite poker brand can be back on the Web as soons as possible.
Full Tilt overview
Full Tilt referral code
Cake Poker overview
See also:
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Texas Holdem