Full Tilt Gaming License Suspended - **ALL PLAY AND CASHIER HALTED** - Page 67 - Internet Poker

I read somewhere (maybe in this thread?!) that they bought 5 of the 10 "suites" at this hotel. I don't remember exactly what they were called but it seemed to me they were referring to the hotel's top suites offered.

Someone should call this hotel and find out how much these go for. It's just another drop in the pan in the big scheme, but irritates me nonetheless that the regulator and FTP seemingly have money and and lifestyle's don't change much, yet the players have squat.

Best Flexible Rate-Executive Room
229.00 British Pound (GBP) Per night Tax excluded For 1 nights per room

Best Flexible Rate-Executive Studio
244.00 British Pound (GBP) Per night Tax excluded For 1 nights per room

Best Flexible Rate-Studio Apartment
309.00 British Pound (GBP) Per night Tax excluded For 1 nights per room

Best Flexible Rate-One Bedroom Apartment
550.00 British Pound (GBP) Per night Tax excluded For 1 nights per room

http://www.parkplaza.com/reservation...mberChildren=0

09-20-2011 , 10:36 AM

#1652

Kris Kristofferson

grinder

Join Date: Jun 2010 Posts: 556

TY Funnymunny. There is actually a 2p2'er inside right now and trying to get in the meeting. Here's prices for the catering he snapped with his phone/camara. He said the rooms are 300 Euro a room each, and not including their overnight stay's in the hotel etc. Anyway, just shows a tiny tiny glimpse of how they are continuing to live. Oaked or not oaked, I can't even afford Earnest and Gallo

Quote:

Originally Posted by vamooose

Tonight we dine on....

You can follow the (action?) here http://forumserver.twoplustwo.com/29...fs-op-1089355/

09-20-2011 , 01:20 PM

#1653

mustdobetter

grinder

Join Date: Apr 2009 Posts: 431

I like this site (and its RSS Feed), seems to report quickly and accurately from what I can tell.

http://www.subjectpoker.com/2011/09/ftp-civil-amended/

Quote:

The US Department of Justice has amended its Black Friday civil complain to include discussion of alleged “Full Tilt Poker’s and the FTP insider defendants’ theft of player funds.” The new complaint adds three new defendants, Howard Lederer, Chris Ferguson, and Rafe Furst. It also alleges that these new defendents together with Ray Bitar committed money laundering, and asks for penalties ranging from $12M for Furst to $42M for Lederer.

Last edited by mustdobetter; 09-20-2011 at 01:27 PM.

09-21-2011 , 04:16 AM

#1654

realsheesha

veteran

Join Date: Apr 2009 Posts: 2,296

Quote:

Originally Posted by mustdobetter

I like this site (and its RSS Feed), seems to report quickly and accurately from what I can tell.

http://www.subjectpoker.com/2011/09/ftp-civil-amended/

So this basically says they owe $300M to players but have less than $5M. Gg

09-21-2011 , 07:47 AM

#1655

RedBarracuda

adept

Join Date: Feb 2007 Posts: 841

So, it will be nice when those scumbags get raped day in day out in some god forsaken jail. hopefully

09-30-2011 , 02:58 PM

#1656

wendigoky

enthusiast

Join Date: Jul 2011 Posts: 55

Quote:

Full Tilt Poker Conditionally Sold to Convicted French Tycoon Bernard Tapie

By Josh Thomas, Rakeback.com

Full Tilt PokerIn another crazy twist for Full Tilt Poker (FTP) and just 24 hours after the Alderney Gaming Control Commission (AGCC) decided to keep FTP's gaming license suspended indefinitely, the company have signed an aquisition agreement with Groupe Bernarde Tapie.

Whilst this should be good news for the future of Full Tilt Poker and their players, it should also be noted that Bernard Tapie has had more than his fair share of scandal too. He spent 7 months (of a 2 year sentence) in jail after being convicted of match fixing whilst chairman of French Ligue 1 soccer side Olympique Marseille. He was also convicted in the French courts for Tax Fraud, and was sued by his banker for repayment of a $240 million loan.

Despite these issues Groupe BernardTapie have a very good record of saving companies from the brink of bankrupcy, most noteably turning around the fortunes of sportswear giant Adidas back in the early 1990s.

Before players with money stuck on FTP get too enthusiatic, be aware that there are several conditions that must be met prior to any potential sale - the main one being “an agreeable resolution” with the Department of Justice.

The full statement released today reads:

"Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement

Dublin, Ireland (September 30, 2011) Laurent Tapie, Managing Director of ‘Groupe Bernard Tapie’ announced today that the group has signed an exclusive agreement with the Board of Directors of Full Tilt Poker to acquire the company and all of its associated assets.

This agreement, which includes the repayment of Full Tilt Poker’s world-wide players in full, is subject to several conditions; the first of which is a favorable resolution with the United States Department of Justice. Discussions with the United States Department of Justice will begin immediately.

‘Groupe Bernard Tapie’ has over 30 years of experience in the salvation of financially distressed businesses, with over 40 companies acquired and managed to profitability, the most well-known being the sport equipment giant, Adidas."

Source:
http://www.rakeback.com/full-tilt-po...pie-1775-1776/