When Alan Meltzer passed away last October, he left behind $1 million in his will to his chauffeur and another $500,000 to the doorman of his building. An entrepreneurial success story, Meltzer built his fortune in the music business and gained fame in the poker world when he appeared on Season 5 of High Stakes [...]
In another bizarre update to the current Full Tilt Poker and GBT. It also appears that Matusow is not alone in owning Full Tilt money. In an interview with PokerUpdate, Groupe Benard Tapie’s lawyer Behn Dayanim claimed that players such as Barry Greenstein, Phil Ivey, David Benyamine, Layne Flack and Erick Lindgren all owe Full [...]
Full Tilt Poker has reached a transfer agreement with Group Bernard Tapie (GBT), the French investment firm planning to take the company’s reigns. According to a report from Subject:Poker, the former online poker giant will see its assets routed through the United States Department of Justice and then into the hands of their purchaser.
With the fallout from the demise of Full Tilt Poker still weighing on the minds of online players, PokerStars has stepped in to assure their user base of their financial security.
The U.S. District Court South District of New York has announced that they will allow extra time for Full Tilt Poker, PokerStars, and Absolute Poker/UB to respond to the court’s official legal complaint. The deadline, originally set at November 30, has been moved up to January 2, 2012.
Last week, it was confirmed that the Groupe Bernard Tapie (GBT) came to an agreement to buy the Fulltilt name, assets and debts from the U.S. Department of Justice for a sum of $80 million. The agreement stated that the GBT would be responsible for paying back all international player balances, while American players would [...]
Last week Group Bernard Tapie (GBT) and the Department of Justice came to an agreement which would allow the GBT to purchase Full Tilt Poker and its assets. Currently Full Tilt Poker and all player funds are being held by the American Justice Department. The GBT is reportedly going to pay $80 million to the [...]