New Full Tilt Poker Buyer Optimistic

Tapie believes the company could be back by Jan. 2012 Not longer after it was announced that the beleaguered poker company Full Tilt Poker has reached a conditional agreement on its acquisition with French Groupe Bernard Tapie, an optimistic forecast came from Laurent Tapie, md of the company and son of the owner, regarding the timing when the company may be back up. What he opined was that they could have FTP up and running again by January 2012, and that this will happen thanks to the skills and financial ability of his company which strongly believes in FTP's future potential. According to him, Groupe Bernard Tapie has the necessary funds to repay FTP's debt, and payout the affected players. In addition, he specified: “The brand is not in question, it's a well-known brand and the technology is widely recognised as being possibly the best in the industry. The management of the company is being questioned and it will be changed should the takeover be concluded. "I believe we have the tools necessary to once again make the site one of the leaders in the online poker sector.” However, Tapie Jr is well aware of the hardships they may face on their way, especially in negotiations with the US Department of Justice, which has seized hundreds of millions dollars from the company during the enforcement actions. "We want to find ways where we don't have to put in all the money, and will be talking to the US Department of Justice next week," he revealed. In related news, a report arrived this week that FTP's current CEO Ray Bitar, has filed an application to fight the Department of Justice's seizure warrants on various bank accounts with which he is associated. The application filed under the Federal Rules for Civil Procedure; Admiralty and Maritime Claims, which covers procedures related to "commercial activities that are land based or occur wholly on land, that are maritime in character," claims that "the assets subject to forfeiture are neither proceeds nor instrumentalities of any crimes in any jurisdiction in the United States or elsewhere" and that he should be permitted to challenge the forfeiture and the DoJ allegations surrounding it.