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Updated: 29th February 2012 Written by / Poker News

Full Tilt Poker Deal Update - positive newsA quick update on the $80 Million Full Tilt Poker deal with Groupe Bernard Tapie for those of you like us with portions of their bankroll still tied up.

Groupe Bernard Tapie's lawyer Behnam Dayanim made a statement to PokerStrategy.com that the parties involved have mutually decided to extend the previous deadline and that positive progress had been made with the Full Tilt takeover deal.

Full Tilt Poker Deal Update

Dayanim was quoted as saying:

"We are very close to executing a deal and anticipate it happening over the next several weeks.

There was an expectation among the parties involved that we would conclude our discussions one way or the other by the end of February. Positive progress has been made in recent talks, and each of the parties feels reasonably confident that we'll be able to reach a successful conclusion. As such, everyone has agreed to let the process continue for a bit longer."

He then went on to speak about Full Tilt Poker Pros who still owe the company money saying:

"We've been talking to certain players and are hoping that we may be able to resolve the issues with some of them. Others have continued to remain recalcitrant, but we're hopeful that we will be able to achieve sufficient critical mass on all of the outstanding issues that will be able to make the deal work."

We as players had all expected this dealt to have been concluded by now with Full Tilt being ready to reopen having paid out all the outstanding players in the US and Worldwide, but I guess this is positive news especially seeing  the negative news articles recently reporting that the deal was in doubt and that GBT was using it to promote their own name and the Tapie owned International Stadium Poker Tour in particular this one posted at pocketfives.com , at least this latest update gives us some hope that players will be repaid in full at some stage.

Perhaps we may see Full Tilt Poker reopen this summer or sooner if a resolution can be reached.

Source: Pokerstrategy.com



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