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Full Tilt Buyout Deadline Passes

As the week reaches a conclusion, the poker world is left with more guessing and speculation regarding the Full Tilt Poker buyout by Groupe Bernard Tapie (GBT). Last week, EGR Magazine reported that the buyout was expected to be completed by the end of this week. As of 7:00 p.m. ET on Friday, no news has surfaced of a finalized deal between the two parties. The EGR prediction was made based on talks with a GBT lawyer who said that although the March 16th deadline for finalizing a deal would pass, he still expected a deal to be completed by the end of the current week.

Poker pro Daniel Negreanu, who hasn’t kept his feelings about Full Tilt’s mismanagement quiet, recently said in an interview with PokerStrategy that, “The players are not getting paid. It’s over. It’s gone. Forget it. I’m telling you now. Tapie ain’t paying nobody. This deal is falling through. You lost your money. It’s just not gonna happen.”

The passing of this week without any news of a deal between the two parties gives Negreanu’s prediction some weight. But it’s really impossible to say what’s truly going on behind this fiasco as Full Tilt’s public statements have been infrequent and the word of GBT’s lawyers seems difficult to trust. It appears the poker world will continue being drug along with limited information until the next big update about the FTP/GBT deal which by now seem silly to place any faith in.


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