Wednesday, April 25, 2012

PokerStars to buy Full Tilt Poker?

Yes, please.

The worst kept secret of the last two days is that the Department of Justice's plan to sell Full Tilt Poker to Groupe Bernard Tapie fell through, largely because the DOJ is negotiating with a bigger fish that is more likely to have the resources to repay all players -- PokerStars.

In my humble opinion, it's certainly a smart move by PokerStars to acquire its biggest rival in a time of great distress, ensuring continued large profits and making it look like a hero in the eyes of hundreds of thousands of online poker players.

Here's an encouraging quote from a Wall Street Journal story on the issue:
PokerStars executives have been conducting due diligence at Full Tilt's Dublin, Ireland, offices for the last few days, according to the person. "Full Tilt Poker is more optimistic than ever that its number one goal will be obtained: Full Tilt players will be repaid," the company said in a statement Tuesday. "Full Tilt Poker has been in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on any rumors related to the details of those discussions."

Maybe I'll get my $1,500 back -- heck, maybe I'll be reimbursed in some way for the $300 in FTP points I had earned (and maybe, um, Blair Hinkle will get his million dollars too.)

1 comment:

Poker Bully said...

I don't see why Pokerstars would spend the money, when it looks like Full Tilt will go away all on it's own. The only thing I can think of is that the DOJ is telling them that if they pay back Full Tilt players, they will let them off the hook on some other charges. That doesn't sound very plausible either.