RIP Full Tilt

[k13]

Interesting to see how this plays out. Probably not good for those with money still on there.

[beach nut]

Even if FTP opens back up in an unlicensed form there will be a run on the bank because the company is not stable. They are done.

[k13]

Dwan changed his mind on the "promise" lol

[1949]

glad i stopped playing there a year ago

[Trident]

from scott matusow, brother of mike matusow FullTilt Poker is not done, read this to find out why

He hasn't been right on a single thing yet so why would anyone believe a word he says.

[aggieshawn]

RIP my $2k. I still have $1.5k in UB. Still hope there for some of that cash.

Everyone go play at UB.

[ryanspeer2001]

So poker players where is the best spot for USA players right now?

[borednaz]

At home with friends. Sorry Ryan but at the moment your risking everything to play.

[LotsoCheese]

So poker players where is the best spot for USA players right now?

I would say nowhere is safe at this point, but sadly enough I hear Bodog is a good spot at this point.

[sinmiedo]

it seems that everypoker room will be touch by scandal in one way or another.
casinos and home games are in my opinion the way to go or the place tobe

[Deep_Rest]

I'll give somebody 5 sbr points to find Howard Lederer and sock him in the jaw. Must post picture for evidence!

[Cuse0323]

Dwan changed his mind on the "promise" lol

he does seem to be backtracking a bit.

[Cuse0323]

and galfond is crying about the structure of events.

[dazed99]

wow just wow

[sportsfun]

feel sorry for all stuck at ft.

[grid]

Very bad news for everyone.
The next?

[ColdBeerHere]

So poker players where is the best spot for USA players right now?

I'm playing at RPM poker now...It's ok.

[tblues2005]

I think Bodog should be safe Ryan

[GunShard]

How about a government run and regulated poker site?

[blueghost]

rumor has it jack binion [ horseshoe ] [wynn] [poker hall of fame] etc. wants to buy controlling interest
of FTP if so and that could be the good news Durrr heard it will be in better shape than it was...wait and see

[MortalLock]

Yep dont think ill ever see my 5 figures that i have on fulltilt. Awesome

[sharpcircle]

out low four figures pretty sick

[aceking]

going to pokerstars , lost $50 balance at fulltilt .

[meckis]

I hope everyone who have money will get it, really bad situation with online poker.

[DoctorGonzo]

Good to see Alderney once again stepping up... most regulators would have done sweet f.a. (not LGA of course, they would have asked for a bribe before continuing to do nothing!)

[LUCKYCHUCK]

good. now maybe they will pay back all the money they owe to usa players

[LVHerbie]

sad regardless of who is too blame. If they did not lie to any banks, then this should not have happened to begin with

Have you ever looked at the source of the deposits and payments from gambling sites before?

Since the UIEGA this was (and is for the remaining US facing entities) the only way they could get payments sent within the US as banks are required to block transactions related to gambling...

These sites weren't doing anything different then other gambling site except they had grown big enough that it was worth the effort for DOJ to go after them... If the US laws don't change I sure we will see a repeat of the scenario as some point...

[BarkingToad]

The silence has been deafening from all the high profile pro's at Full Tilt. They were riding high when all was going well, now they're all hiding out, or "boycotting" as Ivey puts it.
I truly hope you guys in the thread with nice sums of money get paid like you should. It's amazing how A rated books and poker sites go into a freefall when then meet a little adversity.

[LVHerbie]

Full Tilt Looks to the KGC
June 29, 2011
By Noah Stephens-Davidowitz
Full Tilt Poker is considering reopening its operations with a permit from the Kahnawake Gaming Commission.

Earlier today, the Alderney Gambling Control Commission suspended Full Tilt Poker’s licenses. Afterwards, players were unable to connect to the client software, and Full Tilt’s website reported that its system was “down for maintenance.”

Now, multiple sources at Pocket Kings Ltd have told Subject: Poker that Full Tilt may use a permit from the Kahnawake Gaming Commission to continue allowing non-US players to play and possibly to resume processing deposits and withdrawals. The KGC regulations require a permit holder to operate its business from the Kahnawake Mohawk Territory, so it would be expected to take hours for Full Tilt to accomplish the transfer of data to servers in the territory. In addition, the KGC website says that its application process typically takes between four and eight weeks. Some sources inside of Full Tilt have claimed that poker site either still has a permit with the KGC or could effectively skip this process, but we have been unable to verify these claims.

The Kahnawake Mohawk Territory is a Mohawk reservation located just south of Montreal with a population of around 8,000. Its gaming commission is best known in the poker community for its regulation of Absolute Poker and Ultimate Bet and its many failures after those sites’ respective superuser scandals.4 The KGC has regulated many major poker sites in its history, including Full Tilt, PokerStars, Paradise Poker, and Party Poker, in addition to Absolute Poker and Ultimate Bet, but it lost favor after the scandals.

It is unclear at this time how the various entities that work with Full Tilt Poker, such as Alderney Gambling Control Commission, payment processors, governments with citizens that play on Full Tilt Poker, and governments of countries with Full Tilt offices would react to such a move.

http://www.subjectpoker.com/2011/06/full-tilt-looks-kgc/

[Rollins08]

I thought they were done weeks ago? Why is this such big news?

[John Dough]

I thought they were done weeks ago? Why is this such big news?

Because they were still open to non-US residents prior to yesterday and have an estimated $150M of US players' money... they were not "done".

[B1GER1C828]

just gna wait till US opens a site. taxes will suck but ill feel safer with it

[alling]

stars=good
full tilt=bad

old news

[John Dough]

stars=good
full tilt=bad

old news

While I agree with your over-simplistic assessment, this is by no means "old news" for those with money at FTP.

[legendmatt34]

ridiculous!