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Rumors point to PokerStars takeover bid of Full Tilt Poker - Updated #3
Rumors that PokerStars is lining up a takeover bid for Full Tilt Poker are spreading across the Internet. The reports for now remain unconfirmed by any reliable source.
Rumors that PokerStars might be lining up a major takeover bid for Full Tilt Poker have emerged over the past few hours and are right now spreading like wildfire across the web.

The rumors started early this morning when an anonymous poster created a thread on TwoPlusTwo, titled "PokerStars Purchases FTP(?)".

In the thread's original post, the creator claimed that PokerStars has reached an agreement with the U.S. Department of Justice to buy out FTP, and that the deal would mean refunding of all players and both sites to go back online.

The thread was almost immediately shut down as the poster did not provide any sources to his claims, but it was later reopened with moderator "NoahSD" adding that he had received messages from "a number of sources" telling him to undelete the thread.

The rumors would later be fueled additionally by tweets from ChiliGaming CEO Alexandre Dreyfus and French online iGaming magazine, IGamingFrance.

"Pokerstars buys FullTilt for a consideration of $750m, including settlement with DOJ and full balances of players (330m). I’m impressed," were the words from the ChiliGaming CEO, who has also been the only source so far to put an actual number on a potential deal.

Meanwhile, IGamingFrance claimed to have been in contact with Laurent Tapie, who according to the magazine declined to comment but promised to have a press release out "later today."

Do you think PokerStars will buy Full Tilt Poker?
Yes
No
Don't know
Another input also came from Daniel "jungleman12" Cates, who last night tweeted that he had received "very promising news regarding the Full Tilt situation. Cates' today went on to reiterate this claim in a new blog post on his personal website, junglemandan.com, in which he once again expressed his optimism about the future of the inactive site.

Other reports from different corners of the web this afternoon further pointed to the failure of Groupe Bernard Tapie to complete its pending deal with the Department of Justice, hinting that PokerStars may have come from behind to take advantage of the situation.

According to eGaming Review, sources close to the matter today confirmed that the deal has indeed fallen through, with the Tapie group citing "unresolvable legal complications and failure to agree on player repayment plan" as the reasons for the deal's last-minute collapse.

So far, however, all reports remain unsubstantiated and are therefore to be understood as little more than unconfirmed rumors at this point.

No changes have been made to the Full Tilt Poker domain either, just as no official statement has been released from any of the involved parts.

Poker.org will be following the case and will bring further news as the happen.


UPDATE - DANIEL CATES SPEAKS OUT
Daniel "jungleman12" Cates spoke out on QuadJacks radio in a brief interview, explaining that his earlier tweet about the exciting Full Tilt Poker events that were to follow were in fact not related to PokerStars buying the plagued company. Cates added that he was worried and uncertain of the situation as PokerStars have not made any statements to this date.

According to Cates, PokerStars staff have been informed to neither confirm nor deny the statements.


SHAUN DEEB JOINS THE RUMOR MILL
As twoplustwo is exploding, Shaun Deeb's supposedly official account lit up the forums with words of the PokerStars and Full Tilt Poker, claiming that the deal may be inked. Deeb, a notable tournament player and a regular at PokerStars tables as well as Full Tilt Poker, stated the following:
I feel bad making a new thread but dont want this info lost elsewhere but cliffs are included my source I trust a lot.

Anyways the deal is already done by what I am told;

  • Players will be paid within 90 days
  • FTP will be open in the US market
  • Isai will be stepping down from the company

    If these statements are true I feel that Isai deserves all our thanks+ business in the future with his company he is bailing out the igaming industry's tarnished reputation


  • POKERSTARS RELEASES STATEMENT REGARDING RUMORS
    Following today's rumors, PokerStars chose to release a brief statement on the status of its settlement negotiations with the U.S. Department of Justice.

    The statement from Head of Corporate Communications for PokerStars, Eric Hollreiser, did not deny or confirm the rumors about the company buying Full Tilt Poker, and instead simply stressed that PokerStars cannot comment on the reports at this time.

    Here are Hollreiser's words, according to the PokerStars Corporate Blog:

    We've had a lot of enquiries and there's lots of speculation on the forums, so I wanted to address the PokerStars chatter. As you know, PokerStars is in settlement discussions with the U.S. Department of Justice. As such settlement discussions are always confidential, we are unable to comment on rumors. As soon as we have information to share publicly we will do so.

    Posted by sani23
    Poker.org News Editor
    Comments
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    1531
    33
    1 year ago
    Big news for online poker..we will have to wait and see how long it takes to iron out any of the issues and if USA players are able to play with PS or FT again.
    407
    1 year ago
    This is fantastic news, I hope for those of us in the United States as well.Pokerstars will now own the market much more than they did before.
    257
    1
    1 year ago
    Yeah, after what's already transpired, Pokerstars taking over FTP would seem logical but it's probably BS too. I wouldn't get all excited in the US if you are still in states where current sites are banning your play. Payback from the US government to the players whose money is being held hostage to get what the DOJ wants is also BS.
    1039
    1 year ago
    Once again, I'll believe it when I see it. Sure not holding my breath.
    524
    22332
    1 year ago
    I really hope this isn't just some BS hype that takes attention away from the Tapie deal falling through.

    Deeb's comment about FTP's deal with the DOJ to allow it into the US market was very strange. I assume that means if/when there is regulated internet poker in the states? Would be sick if somehow we were playing on FTP prior to regulation, but that would seem impossible, of course.
    308
    2
    1 year ago
    Sounds good ,me like
    1183
    3
    1 year ago
    Well we don't know for sure they will buy it but still a good news.
    1247
    2112
    1 year ago
    Its a buncha bull, i wont believe it either. Like Mentor stated, i too think its just a way to take attention away from the tapie deal falling through and stringing along the players affected by the fulltilt scandal yet again.
    262
    3
    1 year ago
    Sounds good news to me. However, we just have to wait and see the results of this ^_^
    336
    2
    1 year ago
    This would be great news (especially since I have money at both sites) as far as getting US players back their cash, but does nothing (IMHO) to increase the chances of PS/FTP ever getting back into the US market.
    146
    1 year ago
    Great news for American players who have been waiting over a year to receive their money from FTP. Makes you wonder though how these two companies would fit together though
    181
    3
    1 year ago
    I would never EVER take a chance on any poker room named FullTilt pokeer..
    Fugging scumbags..
    Why, who cares about FTilt Poker???
    Good riddance.
    517
    1122111
    1 year ago
    Interesting rumors , but at least if there lots of information and people start to discuss that , maybe really all that dissapointed situation will finally find a solution , i can imagine , how lots of people dreaming for so long to get their money back to them , hope someday they will be paid , and the justice will win .
    397
    12
    1 year ago
    Now, can someone say at this point if this has become already confirmed news or it's still just a rumour?

    Wondering if this is good news or not so good news, I expect the former, PokerStars should have no problems at all to fix the payments for all players.

    But will it also mean they will become even bigger monopoly as they bought their former biggest competitor? What do you think are the drawbacks? And what will happen with the Full Tilt client? Some people were looking forward to playing using this client again.
    326
    31
    1 year ago
    Nuthin but another months of time wasting until all players finally give up and forget about their money - thats the truth guys, they jus playin with all of us...this sh!t never will clear up, remember this! they will play 1 year, 2, 3 and slowly and step by step all our expectations will be gone, just with the time pain from the robbery will be much less
    397
    12
    1 year ago
    In fact this might have looked like sci-fi, but I believe they will be able to do it:
    - stars taking over ftp
    - stars keeping both clients, stars for non-us, ftp for us+non-us
    - funds back to all players

    May be this sounds optimistic, but at this point I really start believing this is quite likely to happen.
    1076
    22322
    1 year ago
    Would have loved to see not Pokerstarsto buy FT, but someone else.
    Don´t like Monopoly in this market (in any market)
    848
    11
    1 year ago
    Doesn't surprise me. GBT was never a qualified suitor. They have no industry exp and obviously don't have the financial wherewithal to carry through. FTP was desperately shopping the deal to the first party that would bite and it surprised me that the deal was in play in the first place. If you think about it, the only way the deal can be done is if Pokerstars was the acquirer. It seems more of an act of good faith on Stars' part as $750M is a ridiculous purchase price.
    733
    121221221
    1 year ago
    Cant wait to play against USA players!
    37
    1 year ago
    Seems a little crazy that FTP would be open in US. In fact, I don't know how that would be possible. I can understand that PS might buy FTP if the deal was close with Tapie group - just to kill all competition and maintain a chokehold on online poker, in the rest of the world. But how could anyone say that FTP could be opened up to the US players when legislation has been unable to pass AND more and more states are pulling out of future online gaming? Something seems fishy here.
    1114
    1 year ago
    I think so too monopoly not good because then they can dictate what they want and you have not much choice i am not talking abt PS but in general it not good thing. recently i read in paper there was monopoly tax on company because nobody was being able compete they had too much low price buy in too much bulk and network all over nobody compete then they raise price too much and government impose tax on them. I dnt mind PS take over FTP because i hear not too much bad thing of them except from player who lose there too much obviously he wud say abt ne site whr he lose. Looking forward to new FTP it would be good change for all and most happy would be american player if allow play legal on FTP.
    926
    332
    1 year ago
    Each time the sound takes more fueza that acquires FullTiltPoker PokerStars, but espermoshaber happens if you may be in or not
    236
    3
    1 year ago
    Another bullshit.
    1114
    1 year ago
    Well it is no longer rumour for us it is truth. it has been confirm by many a website that pokerstars has taken over full tilt poker. all the best to pokerstars for this new endeavour, looking forward to new FTP!