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Updated: 26th April 2012 Written by / Poker News

PokerStars buys FullTilt Poker, in a new deal with the DOJ Full Tilt poker sold to PokerStarsIn what seems to be a silly joke and somewhat of a rumor, PokerStars have bought FullTilt Poker after reaching an agreement with the DOJ following Laurent Tapie’s failed bid at taking over FullTilt Poker.

While it certainly seems that PokerStars have bought Full Tilt Poker it is not yet 100% confirmed as of writing, in the alleged legal agreement reached between PokerStars and the purchase of Full Tilt Poker, PokerStars have agreed to a $750M fee which includes the settlement with the DOJ and player balances worldwide.

The GBT deal is very definitely a no go as can be seen on iGamingFrance and EGR where they have confirmed that without a doubt the FullTilt buyout deal is off.
PokerStars may have just done the right thing by buying FullTilt Poker if indeed the news turns out to be true which I’m guessing it is. It is also being reported that PokerStars will continue to run Full Tilt Poker as a stand-alone brand.

PokerStars Buys FullTilt Poker

While it really does seem crazy for PokerStars to buy FullTilt poker, after a bit of thought it’s really not that bad a buy for PokerStars.

  • Firstly PokerStars are now the saints of online poker.
  • They already have a safe reputable brand that is trustworthy
  • They get some extra brownie points with the DOJ
  • They get full access to FullTilt’s Rush Poker and the patents associated to the game bearing in mind that PokerStars copied the concept for zoom poker and there may have been some legal issues.
  • PokerStars eliminate competition of the former number two online poker brand.
  • Fulltilt will run as a stand-alone brand making revenue and taking a market share from competition.

Once you weigh up the pros and cons of this deal it actually starts making sense and that PokerStars buying Full Tilt Poker is a rather good thing for all concerned and as an added bonus all players worldwide get paid while FullTilt gets to be managed by PokerStars who have proved themselves trustworthy.



One Response to PokerStars Buys FullTilt Poker?
  • Ray Bitar has leaked some information on pokerstars buying full tilt poker in an email he sent out to his Dublin staff.

    To all Dublin Staff,

    By now you probably have heard that I have returned to the US to deal with civil and criminal case that are pending against me in New York. We have all worked hard over the last 15 months to preserve Full Tilt’s assets and potential in order to provide for the repayment of all players, and that continues to be our top priority. It is as important as ever that we all do everything possible to make that happen and, hopefully our deal with Poker Stars will very soon make our goal a reality. My return to the US is part of this process.

    I am particularly grateful to all of you here in Dublin for your hard work, patience and understanding during this difficult time. I believe that your hard work and dedication should not go unrecognized, and we have made arrangements for Poker Stars to guarantee all July salaries. You should therefore have no concern about coming to work during this period. After that, we expect that your employment contracts will be assumed by the buyer of the company’s assets.

    For those that need to reach me, I expect to continue to be available by email and phone starting late Monday, New York time.

    In the meantime, please refer any operational questions to **REDACTED**, and any HR questions to **REDACTED**.

    Thank you all again.

    Kind regards,

    Raymond J Bitar

     

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