Legal firm in line for €75,000 as Full Tilt Poker set to be taken over

Law firm Matheson Ormsby Prentice (MOP) is in line for a €75,000 pay day from the transfer of Full Tilt Poker to a rival.

Pokerstars is due to take over Dublin-based Full Tilt in return for repaying $731 million to clients of the Irish online poker group.

The deal is the result of a settlement with the US government, which last year launched a civil suit against both companies in the New York courts.

Documents detailing the settlement show that MOP is to receive €75,000 for winding down the Irish-based Full Tilt companies. The solicitors’ firm refused to comment yesterday.

Full Tilt was owned by a group of US investors and poker players, but its main centre of operations was in Cherrywood in Dublin.

When the deal was announced a week ago, Pokerstars said Full Tilt would continue to operate out of the Republic, but added that “regulatory oversight” would be transferred to the Isle of Man, where Pokerstars itself is based.

The settlement means that the US is no longer pursuing the companies, which admitted no wrongdoing. However, criminal charges are still pending against former Full Tilt chief executive, Raymond Bitar.