Full Tilt Poker Deal Close To Completion

This story was published more than 12 years ago.

According to lawyers with knowledge of the situation, a group of unidentified investors from Europe are close to reaching a deal to purchase beleaguered poker website Full Tilt Poker.

It has been said that with new investors buying into Full Tilt, some of the legal pressures will be lifted off the company, such as a class action lawsuit by players and legal action by the United States. If enough capital is provided, Full Tilt would likely be able to reach a settlement with the U.S. Department of Justice, where it would refund money to American players an estimated $150 million. In turn, company executives would have less legal heat on them, and the company would agree to avoid doing business within the United States.

The talks have also included gaming authorities in France and Aldredney. Recently both regulating agencies suspended the company's licenses and halted any play by Full Tilt.

The identities of the purported investors looking to buy Full Tilt have not been revealed.