Poker King Logo
Wednesday, October 22, 2014
Poker King Blog Website Linkpoker bonus king


FRONT PAGE
POKER TWEETS
ONLINE PLAYERS
PLAYER PROFILES
SHOWDOWN
DICTIONARY
"durrrr" CHALLENGE
ARTICLE ARCHIVE
ANSWERS
POKER BONUS CODES
POKER FOR THE MAC
KING PROMOS
BEGINNERS
INTERNATIONAL
PRIVACY
RSS FEED











December 15th, 2011 1:13 pm EST

FTP Set to Transfer Assets To DoJ



Full Tilt Poker logo

According to Subject: Poker (link below), Full Tilt Poker and Groupe Bernard Tapie have reached an agreement regarding the transfer of the poker site's assets to the US Department of Justice.

Once the assets have been transferred to the Department of Justice, Groupe Bernard Tapie will buy them back for $80 million. Groupe Bernard Tapie will be "repaying or otherwise making whole" the ROW (Rest of World) players, while the Department of Justice will be paying out US players (how this process will work hasn't been announced as of yet).

Full Tilt Poker's owners have reportedly voted in favor of the asset forfeiture. The exact result of the vote is not known, but the required number of votes were cast in favor of the deal and things will now move forward.

The next steps in the process?

1) Full Tilt Poker forfeits assets to the Department of Justice
2) Department of Justice sells those assets back to GBT for $80 million
3) Department of Justice dismisses civil charges against the companies that comprise Full Tilt Poker

GBT and the DoJ have already reached a deal regarding these three steps, so it (presumably) shouldn't take long for them to take place.

Subject: Poker also revealed that Laurent Tapie appeared in Dublin earlier today and spoke to the employees at Pocket Kings Ltd.

--

Once GBT has purchased the Full Tilt Poker assets from the Department of Justice, I would expect to hear official statements from both parties.

So when might Full Tilt Poker re-open its doors?

The beginning of January would probably be pushing it, as GBT still needs to complete the deal with the DoJ, obtain a license, etc. My guess is that Full Tilt Poker is dealing hands again to ROW players by early-to-mid February.

Source: Subject: Poker - FTP and GBT Agree on Assets; DOJ Next in the Queue



Filed Under: Online Poker Rooms




Most Recent Articles

Full Tilt Poker - Logo - Gif format - Red on White
Posted on: October 21st, 2014 5:57 pm EST
Viktor Blom, Gus Hansen Out at Full Tilt Poker
The King next to the High Stakes Poker and Full Tilt Poker logos - Discussion about the latest news from the two companies
Posted on: October 19th, 2014 9:26 pm EST
Rumors: High Stakes Poker Returning, Gus and Viktor Axed From Full Tilt Poker?
European Poker Tour - London 2014
Posted on: October 17th, 2014 9:39 pm EST
Sebastian Pauli Leads EPT11 London Main Event Heading Into Final Table
Oldford Group Limited, Pokerstars and Full Tilt Poker logos
Posted on: October 15th, 2014 10:23 pm EST
Oldford Group, Owner of Pokerstars/Full Tilt Poker, Reported Revenues of $567.9 Million USD In First Half of 2014
George Danzer - Poker Player - Mohawk - WSOP Logo
Posted on: October 13th, 2014 7:10 pm EST
George Danzer Wins His Third Bracelet of 2014








2665

TOP POKER ROOM REVIEWS & BONUSES

Bet365€1000
William Hill$2000
Pokerstars$600
Party Poker$500
Titan Poker$2000





poker bonus codes



POKER KING PROMOTIONS

Skybet Promo Code

William Hill Promotional Code

Bet365 Bonus Code





ANSWERS

How Rich is Tony G?

What Are The Terms of the Phil Ivey/Daniel Negreanu World Series of Poker Bracelet Bet?

When Did Pokerstars Buy Full Tilt Poker?

When is Rounders 2 Coming Out?

Which Poker Player Has The Biggest Twitter Following?

What is Daniel Negreanu's Net Worth?

What is Viktor Blom's Net Worth?

What Was the Largest Prize Pool In the History of Poker?

What Happened to Jamie Gold?

Who Is The All-Time Tournament Money Winner in Poker?




POKER DICTIONARY

Protect Your Hand

One-Gap

Edge Sorting

Crap Shoot

Cowboys

NJCOP

Broadway

Even Money

Toke

Action




INTERNATIONAL CONTENT

Bet365 Bónusz Kód

Bonus Vervekode Fra Bet365

Bet365 獎金 推薦號碼

Bet365 Bonus Kod Polecający

Código de Bono William Hill

Codice Promozionale William Hill

Código de Bónus Bet365

Bonuscode PartyPoker




ARTICLE ARCHIVE

Cash Games (257)

Tournament Results (388)

Poker Scandals (66)

Online Poker Rooms (442)

UIGEA (70)

Players In The News (69)

Poker on Television (62)

The World Series of Poker (334)

Poker Legal Issues (115)

Other Poker News (165)

Miscellaneous King Articles (87)







Poker-King.com - Copyright 2003-2014, All Rights Reserved