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UK Private Equity Firm Interested in Full Tilt Poker

UK Private Equity Firm Interested in Full Tilt Poker 0001

According to the iGaming Post, a U.K. private equity firm may be interested in acquiring Full Tilt Poker if the pending deal with Groupe Bernard Tapie falls through. Little is known about this firm, though it’s being reported that they are not interested in relaunching the site, instead looking to acquire FTP’s software.

While the U.K. firm is not listed, the iGaming Post claims that “three separate reliable sources” have confirmed the firm’s interest. The firm is reportedly willing to make an offer for the software of between $30-$35 million, which “would be deposited in a neutral account for Administrators of the company to distributed to creditors of FTP.”

Both bwin.party and 888Poker have been mentioned in association with acquiring FTP’s software, though these are unconfirmed reports. Regardless, it appears that there is another interested party if the FTP/GBT deal falls through, which many feel is inevitable despite GBT’s echoes that they’re “reasonably optimistic.”

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