Sources have confirmed that Laurent Tapie
appeared personally in Dublin today
and spoke to the employees about the
appeared personally in Dublin today
and spoke to the employees about the
hurdles already jumped and those still ahead.
from Subject:Poker
This was a throwaway line in an article about FT and GBT formally agreeing to transfer of assets from FTP (through the DOJ) to Tapie. What I thought was interesting is that if Tapie is going to use not just the name/branding and software, but the physical set-up and employees, Full Tilt could be operating very quickly online for ROW players. Rather than the start-up being months away, it could be weeks away.
Tapie paid 80 million bucks for some physical assets not worth much and some software with, potentially, unlimited future worth and a $150 million dollar debt. He also is responsible immediately for the overhead. So, it's a race. How fast can he build back his player-base and generate income against how fast he bleeds money paying out account balances, rent and salaries? I don't see a way in the world for this to work unless the US comes online in the next 6 mos.
Which means either Tapie is dum as a box o' rocks or he has some insider info and promises.
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