|Published: April 30, 2012 in News >
Groupe Bernard Tapie badly wanted Full Tilt Poker
After Groupe Bernard Tapie failed to acquire Full Tilt Poker amid sour negotiations with the US Department of Justice, some people have speculated that they were trying to find a way out of the deal. Going further, critics felt GBT was in over their head when it came to finding a way to pay players back.
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However, GBT lawyer Benham Dayanim denied these allegations, and said that they were fully-prepared to purchase Full Tilt Poker if a deal could be worked out with the US DOJ. Dayanim issued the following statement regarding the matter:
They only indicated it (agreement changes) at the very end. We wanted to make the rest-of-the-world players whole, but we indicated that we'd need to do so over time. We thought we had reached an agreement over how that would work, but the DOJ came back and said it had to be done sooner. There were lots of issues to work through. We were getting ready for the re-launch, but it took a while to get there.
We were clearly prepared to move forward with this deal. Laurent Tapie was in Dublin preparing a relaunch plan. Tapie invested a substantial sum of money, and we were prepared to go forward. We, though, we were ready to go. We were only waiting on a few technical details when the DOJ came forward and said we had to agree to a 90-day repayment plan.
Following the failed deal between GBT and the US DOJ, PokerStars has stepped in to try and purchase Full Tilt. Many people have been speculating on PokerStars motivation behind buying their former rival, but whatever the case may be, players should be repaid if Stars is able to complete the deal.