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GBT To Acquire FTP

Subject Poker, an information site for online casino and poker, reported that Group Bernard Tapie (GBT) is in the process of acquiring Full Tilt Poker (FTP), and is within the agreement with the United States Department of Justice. However, the agreement is still to be approved by the shareholders at the internet poker company. If everything goes according to plan, the embattled players at Full Tilt Poker’s online casinos will be receiving the refunds in their accounts from the gambling site.

Recently published information includes an email, which is said to be coming from Ray Bitar, the chief executive of the online casino poker site, Full Tilt Poker. The email announced the agreement by GBT and the Department of Justice concerning the procurement of Full Tilt Poker by GBT; the email was confirmed by many independent sources as well. According to Bitar, the US players will be paid by the Department of Justice after GBT assumes the responsibilities of FTP in paying the ROW players. As to a time frame of the reimbursement and the procedures that govern the settlement of funds of the players of one of the online casinos indicted early this year, it is still to be discussed.

After all the details are finalized by the Attorney’s Office from New York’s Southern District and Groupe Bernard Tapie, GBT will sit down with the stakeholders of Full Tilt Poker and offer a deal for the acquisition of the online casino poker site. In order for GBT to take over, they must be able to receive two-thirds of the number of votes. As for the Department of Justice, no comments were made yet.