According to EGRMagazine.com, the deal that would see a group of European investors take over a majority stake in Full Tilt Poker could be finalized as soon as next week. Getting the deal as fast as possible could be the last chance for the once prominent but now beleaguered online poker room which has seen its main regulatory body, the Aldernay Gambling Control Commission (AGCC), as well as the French regulatory agency Arjel pull the site’s licenses after a failure to repay US players in the wake of Black Friday.
According to EGRMagazine.com, Jeff Ifrah, a lawyer for Full Tilt Poker told the site:
“My hope is as the company formalises a deal with the European investors the terms include paying back the players, and we’d like to think this will help take care of the class action suit and any copycat suits on the table.”
“Part of the deal with [the investors] will hopefully be a settlement of the DoJ case – [they have] met with Alderney and France already and will be meeting with the DoJ,”
With two licenses pulled, Full Tilt Poker has been down for the better part of a week now, and with a $150 million class-action lawsuit filed by US poker players this deal MUST get done for Full Tilt Poker to have any chance of survival, and it must get done extremely fast.
You can read the entire article at egrmagazine.com
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