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PokerStars and Full Tilt Poker negotiating potential merger30 April 2012
MONTREAL -- (PRESS RELEASE)-- G-poker reports that the long-awaited deal between Full Tilt Poker, the American Department of Justice, and the French investment fund Groupe Bernard Tapie (GBT) has failed as featured in The Wall Street Journal. Statements from Full Tilt and GBT confirmed the failure, with GBT lawyer Behnam Dayanim stating that PokerStars had begun negotiating with the Department of Justice to acquire Full Tilt. The Wall Street Journal reports that PokerStars has been conducting due diligence of Full Tilt for a few days.
“Maintaining a clean reputation free of legal issues, along with all the awards they’ve won, makes 888 a clear choice for our readers.”
G-Poker spokesman, Jeremy Taylor comments “Although we like the idea of rescuing Full Tilt Poker, nobody will celebrate this news. We’ve already gotten our hopes up about Full Tilt being rescued many times this past year, and for one reason – players want to withdraw their money from their Full Tilt Poker accounts. Since April of last year, most of our readers successfully created accounts at reliable poker sites like 888 Poker and Party Poker. We’ve been getting very positive feedback about these sites since we began recommending them – many people weren’t aware that these sites can offer a better poker experience.”
“888 Poker, currently leading the Canadian poker market as our readers’ favorite poker site, was the first to benefit from the PokerStars and Full Tilt Poker shutdown – 888 saw an increase of 77% in new player recruitment in 2011,” Taylor explained. “Maintaining a clean reputation free of legal issues, along with all the awards they’ve won, makes 888 a clear choice for our readers.” Read more here: http://www.g-poker.ca/888-poker.
Taylor continues “Party Poker is another poker site with a clean reputation that has done well this past year,” added Taylor. “Like 888, it’s backed by a publicly traded company and is therefore obligated to disclose all the financial information that other privately owned poker sites managed to keep hidden until recently. Players value this transparency in the post-Black Friday world, and while many are following the potential acquisition of Full Tilt Poker by PokerStars with interest, it’s too late to win back their loyalty.”
PokerStars and Full Tilt Poker negotiating potential merger is republished from Online.CasinoCity.com.