LA Times Reports Full Tilt to Be Sold to European Investors

Phil Ivey

The Los Angeles Times is reporting Full Tilt Poker is set to be bought by a group of European investors, setting the stage for U.S. players to be paid the roughly $150 million owed to them.

In the article published just a few hours ago, reporter Nathaniel Popper says:

"Attorneys associated with Full Tilt said the company signed an agreement Thursday with a group of investors who would put up enough money to pay back players and in doing so attain a majority stake in Full Tilt's Irish parent company, Pocket Kings."

He continues on to say the deal is part of broader negotiations to settle Full Tilt's civil lawsuit and criminal indictment and that the attorneys spoke anonymously due to the ongoing negotiations with the Department of Justice.

Popper also reports Phil Ivey is set to withdraw his lawsuit against Tiltware LLC in Nevada state court today and quotes Ivey's attorney, David Chesnoff, as saying:

"Mr. Ivey intends to dismiss his lawsuit as he believes Full Tilt is taking steps to see that the players are paid."

Full article again can be found here.


It's been confirmed that Phil Ivey has voluntarily dismissed the case without prejudice. You can see the update if you search the Clark County Courthouse website.

You May Also Like


Amaya Shareholders Approve PokerStars Deal; What Happens Next?

On July 30 at the annual Amaya shareholders meeting, all resolutions concerning the purchase of the Rational Group, parent company of PokerStars and Full Tilt Poker,...(25)

31 July 2014

888poker Network Approved for Nevada, Interstate Play Coming?

888poker has been approved by the Nevada Gaming Control Board to unite Poker, Treasure Island Poker and its own brand on one network, which could...(25)

30 July 2014

Luis Suárez Dropped as 888Poker Ambassador After Biting Incident

888poker announced today it has terminated its sponsorship agreement with Uruguayan footballer Luis Suárez after his suspension for biting an Italian player at the World...(25)

27 June 2014

What Does Amaya’s Takeover of PokerStars Really Mean?

It’s perhaps the biggest takeover in the history of online poker.(25)

13 June 2014

Please fill the required fields correctly!

Error saving comment!

You need to wait 3 minutes before posting another comment.

Comment added. Thank you!

No Comments