Matt Glantz: ‘Inevitable That Bernard Tapie Will be Backing Out (of Full Tilt Poker Deal)

Poker pro Matt Glantz provided his gloomy assessment of the future of Full Tilt Poker and those supposed white knights out of France, Groupe Bernard Tapie. 

“Unfortunately, I feel based on their recent actions, I believe it is inevitable that Tapie will be backing out. It looks to me that for whatever reason, they have no real interest in acquiring FTP. The reasons why they are hanging around giving the illusion that they are still interested are unclear.”

He started off in his blog by stating, “there is almost no chance of this deal going through at this point,” Full Tilt executives and pros continue to remain mute. With whispers of a March 1st re-launch permeating the online poker community in recent weeks, Glantz told readers, “Anyone making a public statement from the inside will be ‘at risk’ in being blamed for the Tapie deal falling apart. This is why nobody is speaking publicly.”

Glantz claims to be in close contact with Full Tilt Poker shareholders, who provided him with the latest details.  His remarks come at a time when potential suitor Bernard Tapie has expressed concerns over the deal moving forward. 

Full Tilt Poker is left owing millions to customers after the US Justice Department seized their website and several bank accounts connected to the company last April.  Two executives from the firm were charged with money laundering and bank fraud.  Three shareholders in the company were accused of running a ponzi scheme. 

FTP’s licensing arm later pulled the plug on the company.

- Chris Costigan, Gambling911.com Publisher