According to reports from Gambling911 and QuadJacks, the deal for European Investors to purchase Full Tilt Poker has fallen through. According to unnamed sources the potential buyers are only interested in purchasing FTP’s UK and Irish player base and want nothing to do with the U.S. player base, or the liabilities that come with the purchase of the company as a whole. Any buyer of Full Tilt Poker will be liable for paying out U.S. players whose money has been frozen since the April 15th indictments by the U.S. DOJ, as well as the legal problems associated with this.
This development does not bode well for Full Tilt or it’s player base worldwide whose player balances were also frozen when the Alderney Gaming Commission suspended Full Tilt’s license and the poker site ceased all operations. There is a public hearing scheduled for July 26th which may well determine the fate of Full Tilt Poker and the hundreds of millions of dollars it owes players around the world.