Full Tilt Poker Investors Back out of Deal

It can’t be said that the writing wasn’t on the wall, but the news that Full Tilt Poker is again seeking potential investors from square one nevertheless triggered a lot of anger among online poker players waiting for their funds to be paid out.

Editor Note: One of the most legitimate and popular poker sites for real money and available to all 50 states is www.Betonline.ag. (verified main sponsor)

A statement released by the owner of the Full Tilt Brand, Pocket Kings read: “Full Tilt Poker moniker, concluded the exclusivity period of negotiations with their current potential investor…While Pocket Kings Ltd. plans to continue discussions with its current investor, the company has now begun negotiations with additional potential investors to conclude the sale/partnership of the Full Tilt Poker brand and its assets.”

Even more infuriating to players was the fact that an attorney acting for Full Tilt, Jeff Ifrah, asked that the Alderney Gambling Control Commission hearing scheduled for September 15th be postponed once more. “Nobody wants to come to September 15th and not have a deal which is either finalized or close to finalization to the point that it can be shared with Alderney and result in the extension of that date,” he said.

As a recap, Full Tilt Poker turned up at the July 26th meeting, not only demanding that the public hearing be taken behind closed doors, but also insisting that it be postponed until September 15th so as not to jeopardize the negotiations it claimed were in full force.

Needless to say, the anonymous European investors must have been put off by the impending lawsuit by the Department of Justice, plus two private collective lawsuits, as well as the fact that the group still owes $1.5 million to increasingly frustrated online poker players. Real brands such as William Hill Poker have seen dramatic increases in European poker players as many have lost hope for the ill Full Tilt poker.

Comments are closed.