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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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