Laurent Tapie's New Plans for Full Tilt Poker After Failed Deal

Laurent Tapie sent a letter to top managers of Full Tilt Poker informing them that the deal with the U.S. Department of Justice would not be concluded. The U.S. Department of Justice refused to accept the payment plan proposed by Laurent Tapie, demanding full payment of $184 million within 90 days.

Laurent Tapie proposed to Ray Bitar to temporarily license the assets to restart the site and participate in the auction. However, Ray Bitar insisted on getting approval from the U.S. Department of Justice, which was not forthcoming.

Laurent Tapie plans to launch a new poker site under Game Cubed, an Irish-registered company, with the help of key Pocket Kings employees. He offered to hire all key Pocket Kings employees with the same salary, bonuses, and shares in the new company. The new site aims to be the best in the industry within 6-7 months, with a proposal to restore funds on accounts for former Full Tilt Poker players from around the world.