Is Full tilt Poker About to be Sold?

by Lou on July 7, 2011

According to Ireland’s largest newspaper, the Irish Times, investors are sniffing around Full Tilt Poker and may refloat what has become online poker’s largest shipwreck, and save the jobs of 700 Dublin area employees in the process.

Full Tilt was shut down after the Alderney Gambling Control Commission (AGCC), where it is registered, suspended its license.  This week the AGCC said it was engaged in talks with Full Tilt and a third party concerning a possible refinancing of the business.

“The objective of these discussions is to enable the site to reopen to its current and prospective players,” according to AGCC’s executive director, André Wilsenach.

Although the third party involved in talks is unnamed, some rumors are saying that it is a group of European investors, while others claim it is Las Vegas casino owner Jack Binion.

The AGCC order that shut down Full Tilt was made in part because the poker operator has not repaid money belonging to players. US players have also filed a lawsuit in New York to force the company to repay its players.

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