• CASINO GAMES


  • Deposit Methods


  • Bonus Guides


  • NEWS AND PROMOTIONS


    • Group Bernard Tapie Group May Have Finalised Full Tilt Poker Takeover



    It's clearly been far too long since we reported on the ongoing soap opera which is the farce surrounding Full Tilt Poker . It's a complete non-business now since it's license was revoked by the Alderney Gambling Control Commission but shortly after that event, the French Bernard Tapie Group (BTG) announced it was approaching the final stages of a deal to takeover Full Tilt Poker . For more details on the interesting life of Bernard Tapie, click here.


    Bernard Tapie

    Bernard Tapie


    No parties appear to have confirmed anything so far but early reports suggest that Full Tilt Poker, which has been forfeited over to the U.S. Department of Justice, will be released from that hold for the sum of $80 million. The BTG will then be responsible for reimbursing the $390 million or so which is still owed to the players who were left up the creek by the Full Tilt's finances back in April.



    It seems that the DOJ has also agreed to drop any civil claims against the company, while still proceeding against the individuals involved at the time. It remains to be seen whether any new company can, pending a takeover, reach the heights that Full Tilt Poker once enjoyed now that online casinos such as casinos are so popular.



    Indian Tribes Want Online Involvement


    In a tenuously connected news story, Thursday's hearing on online gaming for the Committee on Indian Affairs revealed the unsurprising fact that there are opponents and proponents of whatever measures will eventually be decided upon. The Tulalip Tribes in Washington State, for example, oppose any online gambling because of the effect it will have on the bricks and mortar Indian casinos industry. This does seem to be a reactionary point of view; it's going to happen eventually so these operators need to get used to it



    Others, including the Mohegan Tribe of Connecticut, argue that online casinos should be legalised but regulated in a way in which tribal rights and bricks and mortar casinos are protected. An interesting request is that bets will be able to placed from non-tribal lands although any federal legislation would surely cover that


    There appears also to be considerable concern that any federal regulation will automatically favour those websites aligned with major casino chains. They argue that the brand awareness which already exists will prove too great an obstacle for the smaller tribes to overcome. Something that has been proposed which will surely grate against the non-tribal casinos is the demand that the tribes online ventures will not be taxed by any federal or local state authorities.




    Sitemap