Full Tilt Poker nearing deal with French investor?

Full Tilt Poker nearing deal with French investor?

Tuesday, 27 September 2011

Jeff Ifrah, the lawyer for Full Tilt Poker, has revealed that a group of French investors are looking to purchase Full Tilt Poker – brand name, software, patents and $300m debt – in order to pay back players and re-launch the site.

Ifrah told PokerStrategy.com that the investors were “totally committed to doing this. Their primary concern right now is the AGCC’s decision on Full Tilt’s license. If Aldnerney revokes the license, they won’t go through with the deal because it makes things too difficult.“

The investors are in contact with both the AGCC and the US Department of Justice to work out the issues Full Tilt has in the US. The investors, according to Ifrah, are currently in Aldnerney meeting with the AGCC.

If this deal comes through it could lead to fully restored player balances and a whole new site, rather than thousands of angry grinders and a hole in Tom Dwan’s pocket. Fingers crossed.

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Tags: Full Tilt Poker, Black Friday, law, Alderney Gambling Control Commission