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French investor push to buy Full Tilt Poker fails

French investor push to buy Full Tilt Poker fails

By Molly Waldron. CREATED Apr 24, 2012

LAS VEGAS (AP) -- A lawyer for a French investment group says its push to buy troubled online poker operator Full Tilt Poker has fallen through after the potential buyer couldn't agree with the Department of Justice over how quickly players with money tied up on the site would be repaid.

Benham Dayanim told The Associated Press on Tuesday that prosecutors changed their offer earlier this month and wanted players repaid in full within 90 days. The lawyer for Groupe Bernard Tapie says the group planned to restore balances immediately to let players play poker, but needed more time before allowing full withdrawals.

Dayanim says the change came just as the deal was being finalized.
 
He says it's clear prosecutors were negotiating with another potential buyer for Full Tilt.