PPA on Full Tilt-Tapie Deal, DOJ Reminder about Player Funds

The big news last week, of course, was the signing of the acquisition agreement between Groupe Bernard Tapie and Full Tilt Poker. Player repayment is being promised by the parties involved. Here is a quote from a Washington Post article on the matter:

Full Tilt said the agreement includes a plan to repay balances of players worldwide who haven’t had access to their gambling funds since April.

Needless to say, it is my hope that we all get repaid in full as soon as possible. More specifically, it is my hope that the Justice Department will, once obtaining iron-clad guarantees of repayment from any party wishing to purchase Full Tilt Poker, work to fast-track settlement of all outstanding issues. As the DoJ has identified players as the victims in all of this, I expect they will welcome a settlement that addresses player restitution.

For more on this issue:

• 9/30/2011: Associated Press — Full Tilt Poker: French tycoon Tapie agreed to buy
• 9/30/2011: Washington Post: Full Tilt Poker says French business tycoon Bernard Tapie agrees to buy online poker company
• Two Plus Two Discussion: “Full Tilt Poker and Groupe Bernard Tapie Sign Acquisition Agreement”
• Pocket Fives Discussion: “FTP signs agreement with investor”