Free Bankrolls

Poker Strategy

Poker Rules

Playing Strategy

Poker Tips


L. A. Times indicates possible sale of Full Tilt

L. A. Times indicates possible sale of Full Tilt to European Investors:


An article in U.S. newspaper LA Times on June 30, 2011 speaks of the impending sale of the Full Tilt Poker by European investors, which will allow the payment of about 150 million U.S. dollars owed to American players and solve legal problems with the U.S. government.


Over the past few weeks have been much talk in the search for Full Tilt by investors to solve their financial problems, we were given various news related to the involvement of Jack Binion. Full Tilt's lawyers yesterday told the LA Times that an agreement had been signed on Thursday (06.30.11), and that new investors will pay what is due to address the players as well as with justice Affairs at North U.S.


European investors will hold the majority of Pocket Kings, the parent company of Full Tilt headquartered in Ireland, not known whether the ivestidores Europeans are somehow related to Jack Binion. In the L. A. Times is referred this:


"Attorneys associated with Full Tilt said the company signed an agreement Thursday with a group of investors who would put up enough money to pay back players and in doing so attain a majority stake in Full Tilt's Irish parent company, Pocket Kings. The attorneys spoke anonymously because of the sensitivity of ongoing negotiations with the federal prosecutors in Manhattan who brought the charges."


Phil Ivey will also drop the legal action brought against Tilt Ware, and his lawyer David Chesnoff said in statements to the LA Times:


"Mr. Ivey intends to dismiss his lawsuit the Full Tilt Believes he is taking steps to see That the players are paid,"


These are very good news for all players because if it really confirms Full Tilt will be back online, now when no one knows for sure wheen that will happen, but every day that Full tilt remains offline loses $ 1 million of "rake" their average daily production.



Enjoyed our website? Write a review at alexa.comSubscribe RSS Feed