Full Tilt Poker May Offer Equity Stakes To Players Owed Money

A report in the Wall Street Journal today has suggested that the players with the most money locked on Full Tilt Poker may be offered equity stakes in the company instead of reimbursement.

A deal to rescue Full Tilt Poker could involve offering equity stakes in the company, according to a report in the Wall Street Journal today. The proposed takeover by Groupe Bernard Tapie will require that over $300 million in player funds are reimbursed.

Yesterday Benham Dayanim, an attorney for Laurent Tapie (Son of Bernard Tapie), confirmed that it has not been determined how large an investment would be made, and that 'the Tapies may address Full Tilt's liabilities by offering equity in a revived company to poker players owed the most money'.

Another new piece of information from the feature has suggested that Bernard Tapie may ask the current owners of the site to invest money back into Full Tilt, but while still relinquishing any managerial responsibility.

Groupe Bernard Tapie met with representatives from the US Department of Justice to start negotiating the potential takeover. They will also need to have a satisfactory meeting with the AGCC or a new regulator in order to invest in Full Tilt Poker.

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