Embattled Poker Site To Be Sold To European Investors

Law360, New York (July 1, 2011, 4:47 PM EDT) -- An Irish online poker company shut down by federal prosecutors in the U.S. will soon be sold to a group of European investors, according to a report Friday.

The deal could allow U.S. players to recoup the roughly $150 million Full Tilt Poker owes them, according to the Los Angeles Times. In April, prosecutors shut down the U.S. operations of Full Tilt, claiming it and a host of other poker sites engineered a scheme to circumvent U.S. laws banning online gambling, according to the paper. Details...
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Case Information

Case Title

Unites States v. Pokerstars, et al


Case Number

1:11-cv-02564

Court

New York Southern

Nature of Suit

Forfeit/Penalty: Other

Judge

Kimba M. Wood

Date Filed

April 14, 2011

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