Rumor: PokerStars to Buy Full Tilt Poker for $750 Million
PokerStars is allegedly buying Full Tilt Poker, will settle with the DOJ and repay players, according to industry insider Alexandre Dreyfus.
News broke earlier this morning when Dreyfus said via Twitter that PokerStars was buying the beleaguered Full Tilt for $750 million, which includes the $330 million to pay back all players.
Dreyfus is the CEO of Chilipoker and Tweets about the iGaming industry in the USA and France.
What about the proposed Bernard Tapie Group deal that appeared close to completion?
According to iGaming France, Laurent Tapie has confirmed the deal is off and insinuated there was external sabotage over the DOJ negotiations. Tapie is set to release a statement later today.
The Tapie Group has been in talks to buy Full Tilt for the last six months. The group appeared to be close over the last couple weeks as Laurent Tapie registered a company in Ireland first called “New Full Tilt” and there were signs of activity on the FTP website.
Laurent Tapie has yet to comment but said he would be releasing a statement later today.
Kid Poker in the Dark on FTP Deal
Daniel Negreanu, leading member of Team PokerStars Pro, told PokerListings.com today in Monte Carlo that he knew nothing of an impending deal.
“I have no information on it other than what I’m reading but people I’m talking to seem to believe it’s true,” said Negreanu.
“The idea of PokerStars buying Full Tilt for $750 million seems impossible to me, so based on what I know it would really surprise me.
“But it would definitely be good for poker players because PokerStars is a good company and players wouldn’t have to deal with those scumbags anymore,” he said.
Prior to Black Friday, PokerStars and Full Tilt were bitter rivals as the two biggest online poker rooms in the world.
When Black Friday hit PokerStars quickly repaid USA players and left the market. Meanwhile Full Tilt stalled before it was finally revealed in the fall of 2011 they didn’t have enough money to cover player’s balances.
kh must be a moron-the number one poker sites data base and software alone have incredible value-the govt will get their taxes and oversight-and yea real bad idea that 150 million of US money should not be returned-maybe you should give your name and number to them
"Heres hoping this deal with stars falls thorugh or gets stopped by some authority"
Huh? FT does not exist today. So it would be bad for players to get their money back and everyone's legal troubles to go away clearing the deck for a possible return of various companies to the market at a later time? How any of that is bad I can't see.
Not sure how this can be considered as moving towards a monopoly. Full Tilt no longer exists. The Full Tilt patronage has already gone elsewhere.
Although it would be good in effect that players get money back in a timely fashion, one company having a monopoly of any market is just a bad idea.Heres hoping this deal with stars falls thorugh or gets stopped by some authority