..

Report: Full Tilt Poker Dealings With Prospective European Investors Now “Exclusive”

Written by:
C Costigan
Published on:
Jul/11/2011
Full Tilt Poker

A report filed by Subject Poker quotes sources as saying that talks between perspective European investors and Full Tilt Poker Management will require an “exclusive bargaining agreement”.  Parties involved tell Subject Poker such an agreement has been entered into.  Investors will essentially have three weeks to conduct due diligence. 

The agreement, reached on June 30th, requires Full Tilt to stop negotiations with other prospective investors for at least three weeks while the primary suitor conducts due diligence investigations and negotiates with the poker site’s executives.

Some hopes in the online poker community have been dashed after the Los Angeles Times initially broke the story of talks between a group of investors and Full Tilt Poker, suggesting a deal had been finalized. 

Full Tilt Poker is yet to pay back US customers after an indictment was handed down against the company on April 15.  Its licensing arm in Alderney pulled the plug on July 1, thus placing customers around the world who might have otherwise viewed the FTP situation as a “US player problem”, in a similar predicament. 

- Chris Costigan, Gambling911.com Publisher

Advertisement:  888Poker FREE $400 welcome bonus for non-USA players.  Limited time only!

Poker News

Poke Pro Gets Customized Plat Flaunting Negreanu Grudge Match Bet Win

Poker Pro Gets Customized Plate Flaunting Negreanu Grudge Match Bet Win

A poker pro credits a big grudge match bet win between his business partner and the mighty Daniel "Kid Poker" Negreanu.

Murder Charge Added Against Man Accused of Setting Poker Pro on Fire

Federal Murder Charge Added Against Man Accused of Setting Poker Pro on Fire

Poker pro Susie Zhao was bound, sexually assaulted, and burned alive following an encounter at a Michigan motel, according to court documents.

Texas Dolly Goes Off on Romney for Impeachment Vote: 'Can't Believe I Supported Him'

Texas Dolly Goes Off on Romney for Impeachment Vote: 'Can't Believe I Supported Him'

87-year-old Doyle Brunson voiced his discontent with Utah Senator Mitt Romney voting to impeach the former US President, Donald Trump.  Some of Brunson's followers believed the poker great was also comparing Trump to Jesus, though that appears to be a misinterpretation of his tweet (we think).

Chris Moneymaker Becomes an Americas Cardroom Team Pro

Chris Moneymaker Becomes an Americas Cardroom Team Pro

Gambling911.com is thrilled to announce that Chris Moneymaker, the first ever world champion after qualifying at an online poker site, has been named the latest Americas Cardoom team pro. 

Shamed Midway Poker Tour Owner Dan Bekavac Resurfaces

Shamed Midway Poker Tour Owner Dan Bekavac Resurfaces

Disgraced Midway Poker Tour owner, Dan Bekavac, resurfaced this past weekend.  He was spotted playing at a live event near Siouz Falls, Iowa. 

Syndicate