European Investors to Buy Full Tilt Poker
01 July 2011
About 2 months ago Full Tilt Poker was dealing cards as one the top three internet poker sites. How quickly things can turn. April 15th brought down FBI indictments and a loss of their domain along with Pokerstars, Absolute Poker and Ultimate Bet. Shortly after they reached a deal with prosecutors to get their domain back only to process withdrawals along with Pokerstars, since then Pokerstars has paid back over $120 million to players and the other sites…zero.
All the sites continue to operate overseas, until this week when Alderney Gambling Control Commission canceled Full Tilts license. With no license in place it leaves the roughly $150 million owed to U.S. players in limbo. They are also facing a lawsuit filed by Phil Ivey as well as the U.S. government seeking to recover $3 billion from the big three online poker sites.
According to the LA Times, attorneys from Full Tilt announced an agreement yesterday that will allow a European group to put up enough money to pay back U.S. players and settle a civil lawsuit brought by U.S. attorneys. In doing so this group will get a major stake in Pocket Kings, Full Tilt Pokers Irish parent company the attorney said but so far all parties remain anonymous.
According to Phil Ivey’s attorney David Chesnoff “Mr. Ivey intends to dismiss his lawsuit as he believes Full Tilt is taking steps to see that the players are paid,” which he was ready to do on Thursday.
A U.S. attorney’s spokesperson declined comment on the situation but hopefully this is good news to U.S. poker players with money still in limbo with Full Tilt Poker. There has been no word when the agreement will be official or when withdrawals can be processed.
01 December 2010Full Tilt's Rush Poker Mobile Removed from Android Market
There was a rumor back in October of 2009 that Full Tilt Poker was releasing a real money poker app for the Android. In November of this year, the app was officially dropped into the Android market. Now, it did have its limitation as only Android 2.2 owners could download it because of the Adobe Flash requirement but it was launched.By most reviews we have come across, the app, Rush Poker Mobile worked as expected.Read full article
20 April 2011Full Tilt Poker Responds to FBI Indictment
Though most of the poker sites that have been effected by the latest FBI indictment have remained quiet, Full Tilt Poker has released this press release in regards to their CEO being one of the 11 charged: Full Tilt Poker is saddened by today’s charges against its CEO Raymond Bitar and offers its full support to Mr. Bitar and Nelson Burtnick. Online poker is a game of skill enjoyed by tens of millions of people in the United States and across the world.Read full article
20 April 2011Full Tilt Poker and PokerStars Reaches Domain Name Use Agreement
In a press release today the U.S. government stated it has reached a domain name use agreement with Full Tilt poker and PokerStars for the returning of U.S. poker players deposited money.Read full article