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FTP LAWYER CLAIMS THERE IS FRENCH INVESTOR INTEREST

Thursday September 22, 2011 : Negotiations have been going on "for weeks"
 
One of Full Tilt Poker's legal eagles, Jeff Ifrah, claims that the company has been negotiating an acquisition deal with an unidentified French investment group "for weeks."  The prospective investors apparently visited the company's Dublin offices on August 24.
 
The news comes on the heels of fast-developing reports in the Wall Street Journal that there were three investment groups interested, and claims emerging Thursday on the Pocket Fives information site that two of these groups had dropped out amid the adverse publicity generated by the Justice Department on Monday with its amendments to its civil case against Full Tilt Poker which was formerly one of the best online poker websites.
 
Poker Subject claims that Ifrah revealed that a letter of intent has been executed, due diligence has been done on the investor's funds, and that an agreement would provide funds and the opportunity to pay outstanding balances to Full Tilt players.
 
The Department of Justice has been kept abreast of developments, and the investor hopes to include in any deal the settlement of pending Justice Department fines, and satisfy the hefty civil complaint from the US government now threatening Full Tilt Poker and associated companies.
 
Ifrah said that the Alderney Gaming Control Commission, which has suspended FTP's licence, has also been kept in the picture by both FTP and the prospective French investor.
 
The investor has communicated its desire to remain anonymous until agreement has been fully achieved by all involved parties, a process now firmly underway.
 
Why Ifrah chose a single online poker information website to exclusively reveal this detailed information is not clear.
 
Ifrah confirmed earlier reports in the Wall Street Journal that a 30 day extension has been requested from the AGCC to allow negotiations to continue, a request which it seems the AGCC may grant soon.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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