NO DEPOSIT POKER

New Developments in the Full Tilt Poker Saga

Poker players can accuse Full Tilt of many being things, but the cause of boredom is not one of them.  The news surrounding the possible sale of Full Tilt Poker –  and the repayment of millions of dollars in player funds –  continues to develop at a breakneck pace.

The latest word in the ongoing saga came earlier last week, when Full Tilt suitor Groupe Bernard Tapie announced that they had reached an agreement with the Department of Justice.  The exact terms of the agreement were not disclosed, but whatever constituted the agreement was apparently sufficient to convince Tapie to continue with the purchase.

Days following that bombshell came another: The deal had moved forward to the point that the shareholders of Full Tilt are moving to hold a vote on the acquisition, a vote that could –  according to leaked emails from Ray Bitar and interpretations of comments made by Groupe Bernard Tapie –  take place within a few short weeks, meaning that Full Tilt could be acquired before year’s end.  Does that mean you’ll see FTP popping back up on poker websites in the lists of uk poker sites and poker rooms that accept paypal?

Probably not.  While the purchase may be completed by then, a morass of logistical concerns will still confront Tapie.  Plans for player payment will have to be developed, approved and executed.  A new license to operate will need to be acquired, and Tapie will no doubt have to sort through more than a few lawsuits before Full Tilt’s house is completely in order.

Of course, given the twists and turns that have accompanied the story to this point, none of the above may ever come to pass.  It’s absolutely possible that in two months we’ll be talking about another suitor for Full Tilt, or bemoaning the lack thereof.  Only one thing is absolutely for sure: One way or the other, we’ll still be talking.