French Groupe Bernard Tapie has conditionally agreed to purchase Full Tilt Poker, sparking widespread rumors and speculations about the brand’s future. The group possesses extensive experience in salvation of financially distressed companies, previous examples include sports apparel giant Adidas. The company plans to operate the reinvented poker site in full compliance with French gambling laws.
Laurent Tapie, Managing Director and son of Group’s owner, spoke to France gambling news and shared his optimistic views in connection with Full Tilt’s future. He hopes to turn Full Tilt Poker’s luck around and have it up and running once again as early as January 2012.
Tapie Jr. stressed that his company has all the skills and financial power to once again make Full Tilt one of the biggest online poker sites in France and worldwide. Mr. Tapie noted that Groupe Bernard Tapie wouldn’t have even considered buying the troubled poker site if it didn’t believe in its future.
He stressed that the company already showed the necessary funds to repay all of FTP’s debts and make sure all money owed to players is paid back. Tapie also stated that the Full Tilt brand will stay intact. “The brand is not in question, it’s a well-known brand and the technology is widely recognized as being possibly the best in the industry,” said Tapie.
He continued to say: “The management of the company is being questioned and it will be changed should the takeover be concluded. I believe we have the tools necessary to once again make the site one of the leaders in the online poker sector.”
Laurent Tapie seemed highly motivated and optimistic about the tough path ahead including contact with US DoJ: “We want to find ways where we don’t have to put in all the money, and will be talking to the US Department of Justice next week.”