The Los Angeles Times published this morning a text giving hope players to Full Tilt Poker Online poker room. PokerStars has already returned more than 120 million dollars to US players, FullTilt, them, were not able to do the same and it is estimated at 150 million US dollars debt of FullTilt to US players.
Full Tilt Poker is so quite a while already, looking for financing. Previous attempts unfortunately have all failed. A rumor from lawyers associated with Full Tilt Poker indicates that the company had signed an agreement yesterday (Thursday) with a group of investors who would be able to invest enough money to pay players and, in so doing, achieve a majority stake in the parent company of Full Tilt Poker, Pocket Kings.
The investment would also allow the company to settle civil and criminal proceedings instituted against Full Tilt Poker by the office of the Prosecutor of the United States. A spokesman for the office of the Prosecutor of the United States declined to comment.
On the side of the suit by Phil Ivey, who announced that he was not going to participate in the world series of poker this year, he announced that he intended to withdraw her complaint. Phil Ivey stated that he believes that Full Tilt Poker now taking steps to ensure that players are paid, said his lawyer David Chesnoff.
The company wishing to invest in Full Tilt Poker is still not known. Many rumors circulated about the mystery investor: some believe that it could be the Group Bwin/PartyPoker. others believe that it is a casino 'brick & mortar'; Some will even say that it could be PokerStars themselves. Rumors the more crediles however point to a single group of European investors or to the IGT (a slot machine manufacturer who tried to acquire the Entraction Network some time ago).
The Wall Street Journal announced, following the announcement of the Los Angeles Times, that the agreement was still not signed and was rather at the embryonic stage. According to sources of the Wall Street Journal, investors do not expect that the agreement be confirmed by at least 3 weeks, because they must first ensure that an agreement can be reached with the U.S. Government before going ahead with this investment. Investors are also trying to come to an agreement with the AGCC (the Commission withdrew the license of Full Tilt Poker.
Many details and confirmations are still to come. Meanwhile, the Full Tilt Poker website has not sent any news release. The FullTiltPoker.com website visitors still face a simple notice of system maintenance...
