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Full Tilt Poker Reportedly Sold To French Investment Group

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poker videosComing on the heels of the revocation of their gaming license by the Alderney Gambling Control Commission on Thursday, the inactive online site Full Tilt Poker reported Friday afternoon that a deal has been struck to sell the beleaguered company to a French investment group.

PokerStrategy.com broke the news yesterday in a statement from Full Tilt. In that statement, Full Tilt Poker said that the French investment organization Groupe Bernard Tapie had signed “an exclusive agreement” with the current board of directors to acquire the company and its assets. The potential purchase, which was alluded to during hearings at the AGCC in September and offered as a reason for the Full Tilt license to not be revoked, will allow the company to pay off players worldwide who want their money and, in particularly, in the United States, where the company is facing several legal hurdles. There are a few caveats to the deal, however.

Full Tilt Hearing Scheduled for September 19

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poker videosThe Alderney Gambling Control Commission (AGCC) announced yesterday that the public hearing regarding Full Tilt Poker’s remote gambling license will be held on Monday, September 19th at 9:00am at the Riverbank Park Plaza Hotel in London.

The original hearing was held on Tuesday, July 26th with the purpose of allowing both the AGCC and Full Tilt to present any evidence in support or in opposition to Full Tilt’s suspended license.  In the end, not much actually happened and the public hearing was adjourned until what was supposed to be September 15th at the latest.

Full Tilt Comments on Investor Talks

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poker videoIt appears that the wait for refunds from Full Tilt Poker will continue.  According to a press release issued by the former second largest online poker room in the world to news outlet Pokernews.com, talks with the mystery European investors have come to a close.

In the press release, Full Tilt stated that it is starting negotiations with other possible investors now that the exclusivity period with the previous potential partner is over.  While the end of those negotiations obviously means that no deal was reached, it does not mean that a deal won’t eventually be reached.  Of course, it is not good for Full Tilt customers that the poker room must now enter talks with other investors, as that just means that repayments are not likely to be coming any time soon, but as long as there are some sort of talks, that is at least a positive step.

2011 WSOP Coverage Starts Tonight on ESPN

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poker videosHaving trouble coming down from the World Series of Poker (WSOP) high?  Not to worry, as ESPN’s taped coverage of the 2011 WSOP begins tonight.  Two episodes will air every Tuesday night from today through November 8th, leading to the Worldwide Leader’s slogan, “Tuesday Night is Poker Night on ESPN.”

Unlike in previous years, tonight’s episodes do not represent the first televised broadcast of this summer’s World Series of Poker.  ESPN and ESPN2 aired more than 30 hours of play from the Main Event starting on Day 3, Thursday, July 14th, while ESPN3.com had even more.  The coverage was “semi-live,” trailing half an hour behind the live action.  Hole cards were shown on a limited basis at two “featured” tables; they were never shown if the hand did not reach a flop and were only shown when the hand ended if a flop was seen.  Commentary during the “semi-live” broadcasts was provided by Lon McEachern, Norman Chad, Antonio Esfandiari, Phil Hellmuth, David Tuchman, and Olivier Busquet.

2011 WSOP November Nine is Set

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Everyone knew where this road was headed, we just didn’t know who would get there.  Just 22 players entered play at the 2011 World Series of Poker (WSOP) Main Event on Tuesday with a chance to make the final table and come hell or high water, the field was going to be narrowed to nine before the tournament was adjourned until the fall.  No more playing for a set number of levels.  We were going to get rid of 13 players if it took all night.  Fortunately, it didn’t take all night (so long as you were following the action in Las Vegas) and we now know the identities of this year’s November Nine.

Considering the increases in payouts at this stage of the game and the importance of advancing from Tuesday to November, one would have expected play to slow to a crawl as players became very careful not to bust out. Not so yesterday.  Even with a the usual breaks, a two hour dinner break, and an extra one hour break, the field was whittled to the final ten before 10:00pm Pacific time thanks to lots of three-betting, four-betting, and risky all-ins (Konstantinos Mamaliadis moved all-in with 8-2.  Granted, he was short, but still.  Yes, he lost that hand).