Last update on FTP before Friday, unless a really important event. According to the latest information, the redemption of FTP would go in the right direction even if, as already mentioned you earlier last week, a few obstacles remain still (including the uncertainty surrounding the licence for FTP).
According to Jeff Ifrah, investors will meet the DoJ Friday at the earliest and next Monday at the latest, what makes us have no interesting news from here here (real news we hear).
If the AGCC does not permanently revokes the licence of FTP, investors are committed to the redemption of FTP.
So that things go in the right direction, it will have to pray that the AGCC not permanently revokes the license of FTP and grants them some form of forgiveness. If such a decision were taken, the future of FTP is probably non-existent. Everything rests in the hands of the Gambling Control Commission Aderney.
How much money investors will need to exit FTP of embarrassment? Between 750 and 800 million dollars, nothing less. First, he must repay the players (350 M$) and secondly, it will pay the fines which are on the order of 400 M$. Maybe investors may make agreements with the DoJ concerning these fines.
So we say to Friday or at the latest Monday, with, hopefully, the good news.
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