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BREAKING NEWS - Full Tilt Poker Reportedly Sold

By Scott Carlson, Rakeback.com Poker News Senior Writer

Full Tilt PokerAccording to the Los Angeles Times in an article posted online early Friday, attorneys for Full Tilt Poker indicated the company has sold a majority interest to 'European investors'. The article did not indicate who the investors were. The sale reportedly will allow Full Tilt to repay U.S. customers and assist in paying the civil suit brought by the Department of Justice.

Phil Ivey to Drop Lawsuit

In the same article Phil Ivey's attorney David Chesnoff was quoted as saying Ivey will be dropping his lawsuit against Full Tilt Poker saying “...he believes Full Tilt is taking steps to see that the players are paid.” Will this spark the return of Ivey to the World Series of Poker this year? We will have to wait and see.

Full Tilt Poker to Move to KGC License?

In a press release by the Khanawake Gaming Commission yesterday they indicated Full Tilt Poker has a Secondary Client Provider Authorization (CPA) license with them. The KGC also included they were aware of the suspension issued by the Alderney Gambling Control Commission and they were “reviewing all available information to determine whether the Secondary CPA will be continued.”

As this is an ever moving story, we here at the Rakeback.com Poker News bunker will bring you further information as it becomes available.

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