In 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.