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Wendeen H. Eolis

Tapie-Full Tilt Poker Deal Hits Pay Dirt

by Wendeen H. Eolis

 No formal confirmations of additional investors yet, but the noise is ever louder today; Group Bernard Tapie has  lined up at least one moneyman "ready to punt."  According to several generally informed sources familiar with weeks of efforts to raise more funds, GBT has locked up a commitment with at least one and maybe two  substantial participants to nail the acquisition of the Full Tilt brand. Additional funding might not be crucial, but for Tapie's reluctance to put in more capital of his own than suits his taste.

A lawyer close to one purported investor says, "The deal should get done." He estimates the time table for a re-launch of the FTP site as before the end of the first quarter."  Another lawyer, with strong ties in the current Full Tilt brouhaha says; "The die is cast; Full Tilt is effectively out of control; the deal is now unstoppable unless Tapie fails to deliver the necessary checks to the Court."

Your rating: None Average: 4.6 (5 votes)

Poker Stars is Too Big to Hide Internal News

by Wendeen H. Eolis (Updated 01/20/12 6:58 EST)

The Parade of Unsung Departures - Updated

Special Note: This article updates the author's breaking news and follow up story about PokerStars CEO Gabi Campos ' departure plans, taking into account relevant communications--not marked confidential--between Poker Stars and the reporter.

In a personal email to this reporter one day after publication of the breaking news,  PokerStars founder Isai Scheinberg confirmed "Gabi's (Campos) departure. Hours after Poker Player Newspaper broke the story, Poker Stars gave an exclusive statement to Poker News, attributed to "top officials" of the Company :

“Poker Stars announced today that Gabi Campos has decided to step down from his position as Chief Executive Officer, effective February 1, 2012, to pursue other opportunities. The company thanks Gabi for his hard work and commitment and wishes him the best in all his future endeavors. A search for Gabi’s replacement is under way.”

Your rating: None Average: 5 (1 vote)

Poker Stars CEO Gabi Campos is Off the Grid: A Parade of Unsung Departures

by Wendeen H. Eolis

PokerStars Chief Executive Officer Gabriel Campos Woslovsky’s current whereabouts are murky; only his closest associates may know his GPS location. But the buzz emanating from the Isle of Man offices of Poker Stars is loud and clear; Gabi Campos, as he is better known within Poker Stars, has left the building-- after a reign of less than two years.

Your rating: None Average: 4.1 (9 votes)

DOJ Multi Tables in Online Poker Games

by Wendeen H. Eolis

Add the New York Times to the list of venerable mainstream media outlets that have bungled material facts and succumbed to confusing messages that emanate from the US Government’s crackdown on online poker.

Your rating: None Average: 5 (2 votes)

This Week’s Report on Politics ‘n Poker: Clashing Cymbals and Snare Drums

By Wendeen H. Eolis

 
Since the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006, US facing online poker companies knew that the United States Department of Justice would not look kindly upon taking bets from American-based customers.

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Tapie, DOJ, and FTP Likely Winners. Will Players Pay for the Deal?

by Wendeen H. Eolis

When CNN ran the headline “French investment firm to buy Full Tilt Poker,” last Thursday afternoon, it was music to the ears of Full Tilt Poker customers—until the story revealed itself as an un-orchestrated curtain raiser, shut down minutes later—for good cause. The CNN headline signaled a crucial turning point that had not been reached.

Your rating: None Average: 3.6 (5 votes)

DOJ & GBT REACH SIGNED AGREEMENT FOR ACQUISTION OF FULL TILT; TAPIE AGREES TO PAY US GOVERNMENT $80 MILLION FOR FTP’s ASSETS

by Wendeen H. Eolis

STUNNING MOVE BY GOVERNMENT PAVES WAY FOR TAPIE DEAL TO GO FORWARD.

CRITICAL NOTE: This afternoon, CNN published a story regarding this deal while it was still embargoed, noting in its headline that the story could not be published without clearance from representatives of Groupe Bernard Tapie. EOLIS International Group had the same information from multiple sources. Following publication of the CNN story, Wendeen H. Eolis, CEO of EOLIS Intl Group, spoke with GBT counsel  Benham Dayanim who confirmed for her all of the information herein.

Your rating: None Average: 5 (8 votes)

In Depth: Poker Stars Joins FTP in Hot Seat

Tapie Lawyer Stays Focused on a Deal, Poker Stars Joins Full Tilt in Hot Seat

By Wendeen H. Eolis

The Acela fast train from New York to Washington provided ample time to review a sheaf of materials describing Behnam Dayanim’s credentials, experience, and reputation as a preeminent lawyer in the e-commerce space.

 In the preceding months of 2009, Mr. Dayanim had obtained non-prosecution agreements and had settled related forfeiture actions brought by the Department of Justice against two highprofile companies operating in the e-gaming space.

Benham Dayanim’s Bona Fides are Established

Decoding Full Tilt Poker-DOJ-Tapie Plans

by Wendeen H. Eolis

The noise has been deafening since reports of impending victory for full Full Tilt Poker customers began to stream across the internet yesterday.

Since the shutdown of Full Tilt Poker’s operations in the United States April 15 and in Europe June 29, players have eagerly awaited news regarding their account balances on the site. Yesterday they got a blast of news shortly after FTP CEO Ray Bitar shot off an intriguing email to FTP shareholders.  The email was leaked to media and quickly saw the light of day.

Your rating: None Average: 5 (2 votes)

Full Tilt Poker: Battles for Supremacy

by Wendeen H. Eolis
 
In a stinging denouncement of Full Tilt Poker’s business principles, the United States Department of Justice has significantly raised the stakes in the company’s bid to extricate itself from the government’s grip and escalating financial woes.

In a press release last Tuesday, the Government labeled Full Tilt’s operations as that of a Ponzi scheme, one that had bilked its most loyal players mercilessly. The mainstream media as well as poker media took the bait, catapulting the Justice Department’s latest allegations against Full Tilt and its Board of Directors into page one news worldwide.

Your rating: None Average: 3.7 (3 votes)

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