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FULL TILT POKER DEAL CLOSE TO COMPLETION

Sunday July 10,2011 : And those rumours about Ray Bitar and Alderney are just not true
 
Lawyers on the inside of takeover negotiations between a group of as yet unidentified European investors and the beleaguered online poker operator Full Tilt Poker have been leaking information this week, disclosing Thursday that the talks are going well and an agreement is in sight.
 
And it has been confirmed that wild rumours published by some information sites recently that Ray Bitar had been unseated as CEO at Full Tilt, and that the Alderney Gambling Control Commission was about to lift its suspension of FTP's licence have been described as "nonsense" and "tosh" (incorrect).
 
Those involved in the discussions are apparently hopeful that a much needed and very substantial injection of capital into the company will enable it to meet US Department of Justice requirements that American players be refunded, and that accomplishing this may relieve the enforcement pressure on the company and its executives, who would presumably then agree to stay out of the US market in a settlement with the authorities.
 
This may also serve to defang other legal initiatives against Full Tilt such as the recently launched class action by players (see previous InfoPowa reports).
 
Discussions have apparently also been held with the regulators in Alderney and France, where ARJEL recently suspended FTP's French activities.
 
The identity of the investors talking to Full Tilt has still not been disclosed, although insiders have hinted that they are from the financial sector and have not previously been involved in the online gambling business.  Clearly they have deep pockets, with player refunds unofficially estimated at around $150 million.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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