The French company first visited Full Tilt's Dublin offices on August 24th, eight days after the exclusivity period with a previous interested party had expired, to express interest.
At present, there is a letter of intent that has been vetted by both Full Tilt Poker and the US Department of Justice.
Key to the deal is language and investment that would allow the repayment of account balances to all Full Tilt Poker players worldwide.
It is the desire of the French investor that any deal would include some settlement of pending DOJ fines against Full Tilt Poker and its various companies.
Although the Alderney Gambling Control Commission (AGCC) is aware of the pending deal they are already in process to make their separate decision on Full Tilt Poker's gaming license suspension. Ifrah and Full Tilt Poker are trying to persuade the AGCC for a 30-day extension on their decision to give time for the French deal to be worked out.
Lawyer Ifrah added “There are terms within the letter of intent which are binding and terms which are not, and they are able to walk away, but no other investor has invested as significant an amount of resources and time as this group.”
