It has been reported that a group of European investors is set to buy Full Tilt.
According to a story in the Los Angeles Times, the deal could allow US players to recover as much as US$150m after the poker site had its licence suspended by the Alderney Gambling Control Commission this week.
Full Tilt has been unable to pay back the money that US players reportedly had in their accounts when the indictments were announced in Manhattan Federal Court in April.
Attorneys associated with Full Tilt spoke anonymously and reportedly said the company signed an agreement on Thursday with a group of investors who would put up enough money to pay back players and in doing so attain a majority stake in Full Tilt’s Irish parent company, Pocket Kings. The deal is allegedly part of broader negotiations to clear up its legal problems with Alderney and US prosecutors.
