[LVHerbie]

Jack Binion rumoured to take significant stake in Full Tilt Poker

In a post over at Subject Poker, there are rumours that the son of legendary Las Vegas pioneer Benny Binion, Jack Binion, is considering an investment in Full Tilt Poker.

Full Tilt Poker has been looking for investors to help payback their US players. According to the Full Tilt Poker website, the company has “pending deals with several parties that would put money back in players’ pockets.”

There is no confirmation as to whether the potential deal with Jack Binion is one of the deals hinted at the FTP site.

Full Tilt Poker has been in rough financial shape after the US DOJ indicted FTP’s Ray Bitar and Nelson Burtnick along with several key players from PokerStars and Absolute Poker on April 15.

Subject Poker states in their post that Jack Binion was in Ireland to meet with Full Tilt executives to discuss purchasing a “significant stake” in the troubled poker site.

Jack Binion investing in Full Tilt Poker could be a huge win for the troubled company. Binion is a member of the American Gaming Hall of Fame and has been a Las Vegas staple since becoming President of his father’s Binion’s Horseshoe Casino and Hotel at 26 in 1963.

In 1970, Binion was the host of the World Series of Poker and more recently he was the Chairman of Wynn International where his key responsibilities included opening the highly successful Wynn Macau. He’s no longer the chairman but he remains a consultant with Wynn Resorts.

What makes this story more interesting is speculation that if Jack Binion becomes a majority owner in Full Tilt Poker, it could mean a Binion led FTP might qualify for a US poker licence under Joe Barton’s Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2011.

The Barton Bill is a long way from passing but it seems Jack Binion is jockeying to put himself in a winning position should HR 2366 survive Washington’s sausage factory.

http://calvinayre.com/2011/06/28/pok...ign=calvinayre

[Grits n' Gravy]

Guess the news is out. Was originally going to partner on it with Wynn, but FEDs killed that for the time being.

[Czu81]

It sounds great. Would be nice UB/AP pay me too.

[bigdog3580]

Why would he buy this? FT wont be able to be online here in the U.S. when poker becomes legal.

[sweethook]

hes a sharp business man , if gets it or not

[Deep_Rest]

I think it's a good investment. Las Vegas is in a huge downtrend and is losing tons of business to Macau. Also disposable income among Americans is probably near all-time lows. Jack needs to diversify.

[rake922]

Jack Binion is a mod here

[LVHerbie]

Why would he buy this? FT wont be able to be online here in the U.S. when poker becomes legal.

Why wouldn't they? It would depend on which legislation passes and the regulations that get put in place following the passage...

[ttwarrior1]

everyone going to go back to tilt with their heads between their tails. Anyone that would ever go back to tilt even after legislation needs to take a long look at themselves.

I would hope for some new site

[vividjohn45]

tilt. whatever. this company is a no name in america from now on.

be highly doubtul americans ever see their money again. from this site or ub./ap, its gone up in smoke.









here jack let's check out the value of tilt of ub/ap in america due to justice's doings.


please jack can u buy some ap. one of those crushed cars is my account there. please restore me.

[vividjohn45]

no one will ever grant a liscense to tilt to do pokering if america feds does relent.

[LVHerbie]

tilt. whatever. this company is a no name in america from now on.

be highly doubtul americans ever see their money again. from this site or ub./ap, its gone up in smoke.









here jack let's check out the value of tilt of ub/ap in america due to justice's doings.


please jack can u buy some ap. one of those crushed cars is my account there. please restore me.

If I had to bet on it I would put my money on Full Tilt paying back but Ultimate Bet not...