Updates on PokerStars’ Possible Acquisition of Full Tilt Poker

Michael Jones : April 25th, 2012
Full Tilt Poker Suspends US players

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More reports are coming out about PokerStars’ possible takeover of Full Tilt Poker. Here’s a look at Wednesday’s developments.

If you’re playing catch up, here’s our initial story on the sale of Full Tilt to Groupe Bernard Tapie falling through, and the report that PokerStars was stepping in to buy FTP. And here is a story on GBT’s statement on the deal falling through.

–The website PokerFuse is reporting that it has talked to sources that say PokerStars has reached a settlement with the United States Department of Justice, and that the purchase of Full Tilt Poker is part of that settlement. Read their latest here.

–PokerStars isn’t denying that it is purchasing the troubled online poker site Full Tilt, which is perhaps the best sign that a deal is being worked on.

From PokerStars’ corporate blog:

We’ve had a lot of enquiries and there’s lots of speculation on the forums, so I wanted to address the PokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. As soon as we have information to share publicly we will do so.

More here.

–Meanwhile, a story that caused a stir last week is causing a stir again this week, for different reasons. Last week, Orinic Limited, a Full Tilt subsidiary, applied to have its gaming license reinstated with the Alderney Gambling Control Commission. Now, it has withdrawn that application. The end of the possible FTP sale to Groupe Bernard Tapie likely the cause of the hearing not going forward.

Read the statement here, and more here.

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