OCT 12 2011

Full Tilt continues

Company sold to french business group
Full Tilt continues

Full Tilt Poker has announced that a French group around Bernard Tapie has decided to buy the online poker room and its assets. The development came just a day after Full Tilt's gambling license was revoked by the Alderney Gambling Control Commission.

In a press release, Full Tilt says that an agreement with the French group was hit and "it is ensured that all Full Tilt Poker players around the world will be paid."

The agreement was a "favorable compromise with the Department of Justice of the United States," the press release continues. The publication also comes up with the name of Laurent Tapie, the son of the French business tycoon Bernard Tapie and CEO of the company that bears the name of his father.

Bernard Tapie is a major business man in France. He was known for his purchase of Adidas in 1990. According to the press release from Full Tilt Poker, his company has "over 30 years experience in the rescue of financially troubled companies, with more than 40 acquired companies'.

Bernard Tapie has experienced himselves some controversies. In 1997 he served six months in prison after being convicted of fraud betting at a football match between Olympique Marseille (a team that was in his possession from 1986 to 1994) and Valenciennes.

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