More News on the Full Tilt Poker Debacle

Last week, people were shocked when the deal between Groupe Bernard Tapie (GBT) and the US Department of Justice (DoJ) fell through at the last minute. Rumors speculated that GBT pulled out because the DoJ changed the timeline on when Full Tilt Poker players would need to get paid back. No one knows if GBT didn’t have all of the money or just wanted to take its time to pay back all of the Full Tilt Poker players who still have money tied up on the site.

This week brings two important updates. First, PokerStars has now entered into discussions with the DoJ to buy Full Tilt Poker. PokerStars are not saying much about the negotiations as it is respecting the confidentiality of the situation. However, PokerStars representatives have commented that “as soon as we have information to share publicly we will do so.”

As for GBT, the company is now thinking about creating its own poker site which would be funded with the money that had been allocated to buy Full Tilt Poker. An email that was “accidentally leaked” reportedly stated that GBT planned to offer those players who were waiting for a refund from Full Tilt Poker the amount they were owed in exchange for playing at the GBT site. This information has not yet been confirmed by GBT.

As the weeks pass and the news unfolds, we will report the most recent information on all of the Full Tilt Poker, PokerStars and GBT updates.