Deal on the Table?

Fulltilt’s lawyer, Jeff Ifrah, has indicated today that an offer for the indicted company could be put forward by European investors as early as next week.

While he would not divulge the identity of the investment group, he did indicate that they are from the financial sector and not one of Fulltilt’s competitors, adding that, “to my knowledge, it’s their first step into the egaming sector”.

Ifrah also revealed that, ideally, part of the proposal would be an agreement to refund players who had their accounts frozen on Black Friday.

“My hope is, as the company formalises a deal with the European investors the terms include paying back the players, and we’d like to think this will help take care of the class action suit and any copycat suits on the table,” he said.

Fulltilt was indicted in the United States on April 15th, along with several other poker sites, on grounds of money laundering and fraud. Since then it has also had it’s gambling licence suspended in Alderney and France, and player funds have remained unavailable.