Full tilt poker sold

[ttwarrior1]

The LA Times is reporting that European investors are poised to buy a majority stake in Pocket Kings, the parent company of Full Tilt Poker. So far this is the only report on the matter, but the Times got this quote from Phil Ivey’s lawyer, David Chesnoff ”Mr. Ivey intends to dismiss his lawsuit as he believes Full Tilt is taking steps to see that the players are paid.” No statements directly from Full Tilt Poker were obtained but the report says “Attorneys close to Full Tilt said that the deal reached Thursday was part of broader negotiations to clear up its legal problems with Alderney and U.S. prosecutors.”
This should be tentative good news for US players with money on Full Tilt Poker. Any attempt to resurrect the brand should probably include paying players their outstanding balances. The report does not name the investors in any detail, and does not go as far as to say that US players are guaranteed to be paid.
It seems a bit odd that the LA Times broke this story. Usually news like this comes from more poker-centric sources. The story does have a couple inaccuracies. It states that three sites were “shut down” by the US government. PokerStars, Full Tilt Poker, and Absolute Bet. In one paragraph of the story they correctly mention that those “three” sites still operate outside the US and then in the next paragraph they call them “shut down”.
I am sure more information should become available soon. Check rounders radio for up to the date information




Newest rumor is that the group that purchased full tilt are the owners of party poker

[ttwarrior1]

A group of European investors have purchased Full Tilt Poker in a deal that could see US players recover up to $150 million.
Full Tilt Poker was indicted on April 15 by the US Government on charges of money laundering and bank fraud. The company has been unable to pay back US players.
The company had its license yanked yesterday with the site down ever since.
From the LA Times:
Attorneys associated with Full Tilt said the company signed an agreement Thursday with a group of investors who would put up enough money to pay back players and in doing so attain a majority stake in Full Tilt's Irish parent company, Pocket Kings. The attorneys spoke anonymously because of the sensitivity of ongoing negotiations with the federal prosecutors in Manhattan who brought the charges.
The money is also intended to allow the company to settle a civil lawsuit brought against it by the U.S. attorney's office at the same time as the criminal indictment, the attorneys said.
The government is seeking to recover $3 billion from Full Tilt, Poker Stars and Absolute Poker.
This story is developing…

[nosniboR11]

Still wil never ever play there again,
As for ivey nd the rest of the full tilt pros , they all have it coming to them

[chemicalbrother]

so the cashier button is open now then?

[nosniboR11]

Lol

[eberetta1]

Wonder if Bunion was pushed to the side, as he was in negotiations, also. I have always felt I would get my funds back from that site. There is just too much cash being made and the brand has such a quality product compared to anybody. i.e poker for real money on a phone.

[Deep_Rest]

Full Tilt has a tarnished image now. These "investors" are morons if they think they'll get even half pre Black Friday-type numbers.

[tony_come]

Lawyers are the winners

[thejrichshow85]

[FuzzyDunlop]

Wonder if Bunion was pushed to the side, as he was in negotiations

If anything, he was used to drive the price up to these Euros.

Full Tilt has a tarnished image now. These "investors" are morons if they think they'll get even half pre Black Friday-type numbers.

They bought it not giving a crap about ever doing business in America again. To anyone outside the states, it's been fairly close to business as usual during all this, with the exception of some of the guarantees down and no super high games for the railbirds.

[mighty maron]

oh well doesnt increase the chance of me seeing my money

[jjgold]

Ivy trying to pretend he is a saint

He stole millions from usa players

[BarkingToad]

Still wil never ever play there again,
As for ivey nd the rest of the full tilt pros , they all have it coming to them

I agree with you, they were lucky to have their gravy train for as long as they did. Is Ivey's lawsuit and boycott now settled?

[goldman40]

i hope everyone gets there money and they some how revamp fulltilt and 1 day allow usa players back

[tullamore21]

what abour european players? are we gonna lose our money? any info?

[illmatick]

still don't think I'll see my money.

[sweethook]

money moves people . . .

[Tech N9ne]

Do any online poker sites still accept U.S. players?

[stevek173]

Ivy trying to pretend he is a saint

He stole millions from usa players

Corbin please elaborate on how Ivey stole.

[sportsfun]

why would any company buy a bankrupt company? 150 mil is quite a figure to purchase.

[bigdog3580]

why would any company buy a bankrupt company? 150 mil is quite a figure to purchase.

agreed, you never hear the real truth about these kind of deals.

[beach nut]

I don't see why anyone would ever play there again.

[pokernut9999]

why would any company buy a bankrupt company? 150 mil is quite a figure to purchase.

Do the math , and figure out how much they bring in a day

[nomeansno]

Wow that's good news

[thisisit]

It will be nice to get the players paid, but who knows if this brand is damaged goods

[Enkhbat]

Please come back, I will still play at Full Tilt

[rki999]

Money talks and coins are for the pocket-

[bracerman]

Good news. Hope all US players get paid quickly.

[MrSink]

Pokerstars rlz

[csmkr18]

I've just swiched to Pokerstars, but FTP was much better.. hope it will come back.

[cash$bro91]

Do any online poker sites still accept U.S. players?

Bodog.