Full Tilt investors only after certain parts of the business

Eric Bianchi
July 22, 2011
5 Comments

Full Tilt PokerInvestors looking at the besieged online poker site Full Tilt Poker (FTP) are reportedly only interested in the UK and Irish parts of the business. Ahead of the Alderney Gambling Control Commission (AGCC) hearing next week a source with connections at FTP told eGR that the acquisition has “nothing to do with stateside activities.”

The source said, “The purchase includes the family of companies in the UK and Ireland [including marketing and technology company Pocket Kings in Dublin] as well as the Alderney licences.”

They then added, “The lawyers for the sale and the case are Jeffrey Green Russell, however they are bound by confidentiality.

“The firm, as well as a number of solicitors, will represent Full Tilt at the hearing, if it goes ahead that is. It could still be challenged and a sale could still be completed [between now and next Tuesday].”

Although those involved will continue to try and hammer out a deal before Tuesday’s hearing, it’s unlikely that they will get it done in time which could have dire consequences for FTP. The result of no deal taking place will likely see them having to rebrand the business thanks to the fact that US players are still not being paid. Anyone that was a key player on the gaming license is unlikely to get one anywhere else in the world. If this is true, it could mean that FTP in its current guise may be dead, as we know it.

FTP is not the only one that should be worried after stiffing their players. In that respect Covers.com/BetED and Absolute Poker/Ultimate Bet will also be forever persona non grata in the online gaming industry for treating their players in this way.

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  • http://www.facebook.com/calvinayre Calvin Ayre

    Covers is the worst of them all as they have the money and just don't want to pay….the rest are all broke.

  • http://twitter.com/IamJoFay Jody Fayant

    You're always the first to know man, great work!

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