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Full Tilt Poker Sale Given Approval by US Department of Justice

This year has been full of difficulties for online poker network, Full Tilt Poker but, for now at least, a silver lining has appeared on the company’s horizon. The good news comes in the form of the US Department of Justice approving the business’ sale, a move that may allow it to repay members and start the poker website anew.

Full Tilt Poker is set to sell its site to Groupe Bernard Tapie, a French company specializing in business recovery. The two organizations have penned an exclusive agreement that would allow Full Tilt to pay its customers the outstanding funds owed to them following the onset of the site’s legal problems. The US Department of Justice has now signed off on the deal, allowing Full Tilt Poker and Groupe Bernard Tapie to begin moving forward with the hard work of getting the gaming site back on its feet. Though the Department of Justice approval is an important first step, Full Tilt’s shareholders still have to approve of the move in order to finalize this action. Full Tilt Poker’s Chief Executive Officer, Ray Bitar released a statement to shareholders explaining how, with their agreement, “Groupe Bernard Tapie may now proceed to finalize an agreement to acquire the companies or assets that comprise FullTiltPoker.com.”

After enduring seemingly endless trouble following the Black Friday legal indictments, receiving the go-ahead to sell Full Tilt Poker to Groupe Bernard Tapie is one of the first positive news items regarding the site in some time.