Full Tilt Poker Investors Not Interested In US Activities

Since July 1st, a group of European investors have been locked in talks with beleagured poker site Full Tilt in an attempt to gain a controlling interest in the former online giant.
However, according to a recent report by eGaming Review, the potential investors are interested in purchasing Full Tilt’s UK and Irish businesses, as well as its European-facing licences only.
With just four days remaining before Full Tilt learns its fate at the hands of a public hearing by the Alderney Gambling Control Commission (AGCC),  a source was reported to have told eGaming that:
“[The deal had] nothing to do with stateside activities,” and that “the purchase includes the family of companies in the UK and Ireland as well as the Alderney licences.”
Other unconfirmed information to surface is that Full Tilt is being represented by UK law firm Jeffrey Green Russell in both the potential deal and next week’s hearing, with the unamed source stating:
“The lawyers for the sale and the case are Jeffrey Green Russell, however they are bound by confidentiality. The firm, as well as a number of solicitors, will represent Full Tilt at the hearing, if it goes ahead that is. It could still be challenged and a sale could still be completed.”
On 29th June, Full Tilt Poker had its Alderney gaming licence suspended as a matter of public interest. The poker community will now be keenly awaiting the outcome of the next few days’ activities.
In the meantime, while Full Tilt awaits its fate its competitors have been benefitting from a surge in their new customer sign-ups as Full Tilt players seek out alternate sites to join.
Taking further advantage of the situation, Ireland’s largest bookmaker Paddy Power has even started a promotional offer whereby punters are laid 1/8 odds that Full Tilt’s money tables will still remain inoperational by the 27th July.

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

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