Tapie Group: Full Tilt/DOJ Deal in 15 Days

Laurent Tapie

Laurent Tapie confirmed the Bernard Tapie Group has reached an agreement in principal with the DOJ that will allow the company to takeover Full Tilt Poker and begin paying back players.

In an interview with iGamingFrance, Tapie also said he expects the final agreement to be drafted by the end of the week and should be signed within the next 15 days.

The deal, which was originally reported on Tuesday, would see the Bernard Tapie Group reimburse European players while the DOJ would return U.S. player funds.

Full Tilt CEO Ray Bitar initially broke news about the deal in an email to FTP shareholders.

In the past the Bernard Tapie Group has stated they are attempting to have the site up and running again by January 2012.

It’s just another chapter to the ongoing Full Tilt Poker saga.

Earlier this year Full Tilt was locked out of the U.S. market due to events of Black Friday. In the fall the site was shut down completely when the DOJ alleged Full Tilt was a Ponzi scheme and did not have cash to cover player deposits.

The site is believed to owe over $150 million to U.S. players alone.

For continuing updates on the status of US online poker and Full Tilt, keep an eye on our Black Friday Bulletin Board.

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