Rumors of a Pending Deal to Sell Full Tilt’s UK Assets

by Lou on July 23, 2011

With only a few days to go before the Alderney Gambling Control Commission (AGCC) chairs a hearing in London this Tuesday to determine Full Tilt’s fate, the magazine eGaming Review reports that negotiations are taking place between a group of unnamed investors and Full Tilt Poker.  The deal would involve the acquisition of Full Tilt’s UK and Irish companies and European-facing licenses.

This proposed deal has nothing to do with US activities, so the culmination or failure of any forthcoming deal doesn’t appear to resolve the issue of how and when US players will have any funds on deposit at Full Tilt returned to them.

Citing confidentiality, attorneys for Full Tilt have refused to confirm or deny that a deal is in the works.

This Tuesday’s hearing before the AGCC will be to “make public evidence from both AGCC and Full Tilt regarding the suspension of Full Tilt’s license and to adjudicate the findings transparently.”

Full Tilt still has the option to challenge AGCC’s findings in court subsequent to the hearing.

We’ll know more next week, although the determination of a date when Full Tilt would return player funds might not be known then.

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