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Groupe Bernard Tapie Moves Nearer To Buyout Of Full Tilt Poker

Posted By Tom Travis | Monday, February 6, 2012 - 10:01
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Groupe Bernard Tapie Moves Nearer To Buyout Of Full Tilt Poker

French investment firm Groupe Bernard Tapie has moved a step closer to completing the acquisition of Full Tilt Poker, it has been revealed.

In an interview with iGaming France, the online gaming journal, the group's managing director Laurent Tapie said that he hopes to have completed the takeover by "the end of February".

With the due diligence of the firm's books nearly complete, Mr Tapie said that barring any "last-minute surprises", the deal should go through this month.

Earlier this year, Full Tilt Poker was embroiled in the Black Friday controversy, which saw the poker room shut down because of illegal gaming practices, online poker fans are likely to recall.

However, US Federal Judge Leonard Sand recently dismissed the action brought against the firm, saying: "The mere fact that Full Tilt Poker customers maintained player accounts on the website that they subsequently could not access is therefore insufficient to establish a conversion claim against these defendants."

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